2021 BRN Discussion, page-483

No point the facts about revenue and real clients paying money to the company is disclosed in the 4C and explanatory statement and I have extracted the relevant part of the documents to save you the trouble of engaging further with someone who will not reply when you post the very evidence they requested regarding 90 day payments being the industry standard:

1. Consolidated statement of cash flows Current quarter $US’000 Year to date (12 months) $US’000

1. Cash flows from operating activities

1.1 Receipts from customers $US36,000.00 (Approx; $AU50,000)

2. Sydney, Australia – 27 January 2021 – BrainChip Holdings Ltd (ASX: BRN), a leading provider of ultra-low power high performance AI technology, today provides the following update in conjunction with its Appendix 4C lodged for the quarter ending 31 December 2020

. The Company ended the December quarter with US$19.1M in cash compared to US$12.2M in the prior quarter. Subsequent to the quarter the Company increased its cash balance and as of 24 January 2021 had US$21.8M on balance. Cash inflows during Januaryincluded proceeds from customers for IP and EAP sales, as well as the exerciseof employee and investor stock options.

3.As previously announced, the Company has entered into several additional agreements for its Early Access Program (EAP) and signed it first commercial agreement for the delivery of the Akida intellectual property to a leading Japanese semiconductor company. Further cash receipts from IPand EAP customers are expected in the quarter ending March 2021.

My opinion only.