Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-3

Snapshot:

Q1 Receipts $4.074 Million
Previous Quarter receipts $757k
Previous FY 20-21 receipts $3.875 Million.

So Q1 exceeds total receipts for previous entire FY

Solid base to start from. Doing something right.

Projected 12 month forward cash receipt run rate = $16 - $20 million?

Majority spend is R&D, Product MFG and Operating costs = $4 million

Staff only $750k

Close to BE/CFP on a quarterly run basis.

$4 million cash possibly sees a Placement/CR in the wind for Defence acquisition setup early in the New Year.