Ann: Appendix 4C - June 2017 Quarter, page-36

@GoldenRocket89

Your getting confused.

Customer receipt's during the quarter were A$593,197.

In other words that's the money received by the company during the quarter (A$281K of it was from March) plus most likely April's & May's ( if we take 3o days credit).

So June's bill to Verizon won't be included in that figure, it will show up as trade creditors in the Final report when its released late August.

If we say most of the March figure came from initial fees, then we could say that @ A$100, 000 was April's bill & @ A$200,00o May's bill to Verizon.

Also of note is product distribution on page 3 of the report. They are already projecting an SDK userbase of in excess of 1 Million users by 30 sept because that's where app distribution will be by then.

Marketing spend is forecast at just A$300,000 for this quarter, A$100,000 more than last quarter.

I'd say we're on course to break even when we get to read the next quarterly report.

LOTM