Net cash used in investing activities was ($0.4 million) for investment in intellectual property.(900k in the last 9 months alone)
That's building a decent mote so other companies can't steal our icing later.
I'm happy to see this, and research and development I guess is one off, not to mention 35k legal costs.lol.So you can look at it this way:
After extra STAFF hires, R&D, legal, trade shows cost - we are almost positive cashflow.
AND WITH OUR MAIN PRODUCT NOT EVEN LAUNCHED YET!(with much of the development cost already paid for)With that in mind, I think it would take a very long time to burn through the 5 million bucks UNT is sitting on. Income may come in faster than they can spend it - from product launch day.
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-63
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