Ann: Quarterly Cashflow Report-NOR.AX, page-181

The company only had $100k of R&D in the 2014-2015 year, so my understanding is that at best they might be eligible for $45k if they did submit a claim, were eligible and hadn't used up their eligibility/credits previously.

The consolidated accounts are a bit messy and include listing fees etc, even the NORWOOD only accounts for the 6 months to Dec 2014 are only ~$700k so they weren't spending as much back then - so wouldn't have as much to claim against, if indeed its eligible.

I haven't seen a recent Top 20, since the Annual Report in September last year. It will be interesting to see what it looks like.

For whatever reason though the Angels stopped tipping in cash, no deal was struck in Europe when they were trying to raise funds around 2012.

Ultimately though the ASX has provided cash pretty well for them. $5.5m in April 2015 then another $7m in December 2015.