Net outflow of cash for this quarter was $532,000. R&D Tax Grant...

Net outflow of cash for this quarter was $532,000.

R&D Tax Grant of $543,000 received Jan 2018 (not this quarter) - was expected to have been received Dec 2017 (ie this quarter).

TNT would have been cash positive this quarter (not operationally) had R&D Grant been received in December 2017 as was expected.

Appears TNT may have been banking on receiving the $543,000 last quarter, given net outflow of cash was $532,000, an amount not far away from $543,000.