SmartMetric Inc (SMME)

[mrnutsandbolts]

So, then, what part of the $4 million plus of General and Administrative Expenses in the last reporting year used cash....Cash raised by selling stock and other means??

As I read the Cash Flow Statement it shows $4,926,000 being used. Now that would be cash used would it not? Or am I reading the Cash Flow Statement incorrectly?? Is Depreciation that great of a factor here? Inventories are small....and, well I see NO CAPITIAL TO DEPRECIATE AND NO DEPRECATION ON THE BALANCE SHEET. So I'll go out on a limb here and ask: How much of the $4,926,000 was cash? You do know...so please tell us.

Your statement, to be honest here, regarding the NET LOSS is in fact accurate...some of the loss may be attributed to accounting functions.

But correct me if I am wrong....the Cash Flow Statement does account for the USE AND ACQUISITION of cash, correct?