Ann: Appendix 4C - quarterly, page-18

Been doing a bit of sniffing around Quarterly Reports today.... and some things I noticed:

Receipts from customers has increased by 74.5% from $26,862 in March 2018 quarter to $46,350 in June 2018 quarter. YOY is over 11% increase in 'receipts from customers'.... so that is a positive.

Estimated cash outflows for September quarter is flagged to increase to $1,339,187 ($1,033,349 after $305,838 anticipated Government Grant receipts) which includes a $250,000 + increase in R&D spending. (was mentioned when quarterly came out but I thought it worth noting again). This total anticipated seems high in comparison to the entire annual spend in 2017/2018 FY of $3,674,371 * ?

Let's hope that there is something good to come out of this quarter folks

^{_{*This figure is after receipts/grants have been taken into consideration}}