RE:RE:RE:Thanks, GerriEtmans. Impressive analysis of situation.Nickto. I'm not sure how having a profitable quarter can explain the S&M and G&A numbers being negative or very low. Normally, in most technology companies, they are a much higher percentage of revenue than shown here. Profitability is usually achieved by having high levels of Gross Margin, which are bigger than these (fixed) costs...... You can't record that the fixed costs have gone down just because you had a good revenue quarter. Costs are costs are costs. The cash provided by Evonik provides a more likely explanation, although, even then, there are a couple of things to know. Cash receipts and cost/revenue accruals are not always seen in the same period. Therefore, it is perfectly reasonable to receive cash earlier or later without impacting the income statement. However, more importantly, I thought I remembered the difference between the purchase price and all of the assets received (which included all of the cash.....whenever it was due to be received) being recorded on the balance sheet as "goodwill". Maybe I'm wrong, but I don't think they can arbritarily change their mind (after the event) and call it "prepaid S&M or G&A" which is a possible explanation (i.e. They offset the actual costs by recognising money from Evonik and reduced those line items on the income statement). As usual, Electrovayas financial statements are as clear as mud and the MD&A doesn't help. One wonders if this is incompetence or something more deliberate.