Why I've sold all my BRN... and all my other Stocks, page-1167

Yes Sir,

The Company ended the quarter with US$31.2M in cashcomparedto US$19.4M in the prior quarter.BrainChip reported net operating cash outflows of US$5.0Mvs.US$3.4Min the prior period. The Company ended the quarter with US$31.2M in cashcomparedto US$19.4M in the prior quarter.BrainChip reported net operating cash outflows of US$5.0Mvs.US$3.4Min the prior period. Receipts from customers for the quarter were US$0.2M, a decrease of 81% from US$1.1M in Q4-21. Payments to suppliers and employees were up quarter-on-quarter, totalingUS$5.3M (Q4-21: US$4.9M). Thisincrease was primarily driven by increased marketing and branding expenditures;US$0.5M final milestone payment to Socionextfor the production of the Akidadevice(Q4-21 US$1.0M); additional licensing fees andincreased corporate costs resulting from increased shareholder activity.Cash used for operating activities includespayments to BrainChip’s Board of Directors totalingUS$290,000 as noted in item 6.1 of the accompanying Appendix 4C, comprising directors’ fees for Non-Executive Directors and salariesfor Executive Directors. Net investing cash outflows for the quarter were US$0.07M (Q4-21: US$0.3M), primarily related to new equipment beinginstalled in the new office in California, USA.Payments to suppliers and employees were up quarter-on-quarter, totalingUS$5.3M (Q4-21: US$4.9M). Thisincrease was primarily driven by increased marketing and branding expenditures;US$0.5M final milestone payment to Socionextfor the production of the Akidadevice(Q4-21 US$1.0M); additional licensing fees andincreased corporate costs resulting from increased shareholder activity.Cash used for operating activities includespayments to BrainChip’s Board of Directors totalingUS$290,000 as noted in item 6.1 of the accompanying Appendix 4C, comprising directors’ fees for Non-Executive Directors and salariesfor Executive Directors. Net investing cash outflows for the quarter were US$0.07M (Q4-21: US$0.3M), primarily related to new equipment beinginstalled in the new office in California, USA.