Intellectual property additions??CASH FLOWS
The Company’s operating activities used $220,146 in the three-month period ended March 31, 2017 and used $24,707 for the same period in 2016. The increase in cash flows used results mainly from the increase in net loss. The Company’s investing activities used $60,370 in the three-month period ended March 31, 2017 and used $nil for the same period in 2016. The increase in cash flows used results from the intellectual property additions. The Company’s financing activities generated $644,000 in the three-month period ended March 31, 2017 and $nil for the same period in 2016. The increase in cash flows results from the exercise of warrants.
Do we have to read betwwen the line ''they got it'' or its only fees related to adding IT?