The 2022 Q4 Cash Flow Report is almost identical to the Q4 Cash...

The 2022 Q4 Cash Flow Report is almost identical to the Q4 Cash Flow Report of 2021.

The only difference is the cash revenue has declined by 37% over the past year.
The cash bottom line was saved though by spending $1.8m less this year on legal fees & wages (a few hundred k), plus of course the nearly $800k from the government.

This indicates the actual business is going backwards.

Sadly (but predictably), in spite of their commitment in their pre reinstatement disclosure to keep shareholders updated and informed, no update is provided on the other things that investors would be interested in -

no update on the matters being investigated by AFP and ASIC,
no update on the prospects of recovering the $7mil from China,
no update on potential claims against other individuals to hold them accountable for their actions.

They also exposed their false reporting during 2022 that the upgrade to wastewater equipment in China would be completed by the end of the year.
This was apparent in their pre reinstatement disclosure when the full $1mil cost was not included in their cash flow forecast.
But I guess why rush spending the money when you can't sell the product.