HS Govtech Solutions Inc C.HS

RE:RE:RE:Did anyone miss this in their financials?

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7. CAPITAL RESOURCES AND LIQUIDITY       Nine months ended April 30,        2018 2017
Net cash flows used in operating activities                                  $ (988,450)        $ (1,223,167)
Net cash flows used in investing activities                                       205,517)              (100,514)
Net cash flows provided by financing activities                             1,747,670                802,507
Effect of exchange rate changes on cash                                          28,312                228,059
Net increase(decrease) in cash                                                       553,703              ( 521,174)
Cash at beginning of period                                                             161,851                348,484
Cash at end of period                                                                 $ 743,866                $ 55,369



The Company experiences significant fluctuations in liquidity as clients are invoiced on an annual basis whereas the expenses are generally incurred evenly throughout the fiscal year. The majority of the cash inflow from customer billings is collected in April through July of each year