Ann: Annual Report FY20, page-37

Research on this issue was done by myself as to Valeo's terms of payment it will accept from suppliers. These terms of payment mean that if Valeo had receives your invoice on the say 3rd day of the month they will not pay your invoice for 90 days from the first of the following month.

The chips with Boards went out to EAP customers October but most in November and as such even if Valeo for example being one of the earlier EAP's that was announced received theirs in October and the Brainchip invoice went with it their 90 days would have started from 1 November, 2021.

Also I believe Chapman posted a response from the CFO Ken Scarince which confirmed what I have put above about the terms that they have to accept from major companies. If you look too the 2020 accounts which you seem to be doing then the $126,000 from memory could be two EAP's at $50,000 or one EAP at $50,000 plus engineering support reimbursement.

Others have calculated from the document attached to the last 4C that in January, 2021 $1,03?,000 was received from EAP and IP sales.

My opinion only DYOR.