And cash position - as expected - shaky .. especially with AEM...

And cash position - as expected - shaky .. especially with AEM doing worse not better this quarter :/

Appendix 4C Details

SMS's cash-at-bank as at 30 September 2022 was $2.057m with total available funding for future operating activities of $0.934m. Borrowings at the same date amount to $7.816m.

The Company raised the sum of $1.925m before issue costs via a fully subscribed single tranche placement of shares with the purpose of further accelerating the commercialisation of the Company's CVMTM technology.

Payments for Product Manufacturing and Operating Costs of $2.208m represent wholly owned subsidiary AEM's expenditure allocated to manufacturing and operating.

Payments for Staff Costs of $2.341m represent salaries for manufacturing, administration, sales and general management activities with increased costs due to new hires across the organisation to meet increasing product demand and to adequately resource both increased sales and marketing activity and to underpin the ongoing implementation of the Board's CVMTM commercialisation strategy.

Payments for Administration and Corporate Costs of $0.261m represent general costs associated with running the Company including ASX fees, legal fees, audit etc.
Company operating cashflow was adversely affected by the one off payment of Tulip Bay settlement costs of $0.532m during the quarter.

The aggregate amount of payments related to parties and their associates included in the September quarter cash flows from operating activities was $57,500 in respect to fees paid to directors.

As stated above, the Group cash balance as at 30 September 2022 amounted to $2.057m. Please refer to the attached Appendix 4C for further details on cash flows for the quarter.