Ann: Appendix 4C - quarterly, page-5

Yes, but the cash collected should be going up not down. They would have had receivable last quarter too which they collected in this quarter.


Last quarter they said - "Cash receipts from customers increased by 214% to $69,000 as commercial sales program builds momentum." This quarter nothing about momentum as cash receipts go backwards nearly 20%! They are expecting cash outgoing to be $738K for the next quarter. They have a long way to go to be break even.