Coreen Kraysler: That’s correct. We just implemented it a few weeks ago.
Operator: Your next question is also a follow-up question coming from Ian Black .
Unidentified Analyst: Just following up on that last question. So, on your cash flow statement with that $4.6 million of equity in lieu of cash, so that mostly coming from the consulting side?
Coreen Kraysler: I was having a little trouble hearing you. Can you repeat your question?
Unidentified Analyst: Yes, so you guys recorded $4.6 million of equity in lieu of cash on your cash flow statement for the last nine months. So, is most of that equity coming from the consulting side rather than the Netcapital platform?
Coreen Kraysler: Yes, all that equity in lieu of cash that you’ve seen so far on our financial statements has been from the consulting side of the business, but that next will change over time now that we’re taking a 1% stake on all of the companies that list on the Netcapital platform moving forward.
Unidentified Analyst: Okay, is the consulting side generally all equity or is there a cash component in that to?
Coreen Kraysler: That is, you generally there’s, if there’s a mix, it really varies a lot over time. More recently, it’s been more equity, but there is a cash component that’s lumpy over time.
Operator: Your next question for today is coming from Rob Topping at Topping Capital.
Rob Topping: I guess this is for Martin, but if anyone wants to comment, just as to acquired assets in the quarter any kind of 50,000 foot view, I’m thinking on that?
Martin Kay: Yes, I’m sorry, Rob. I didn’t quite hear your question there. I don’t know if it’s your phone or mine, but do you mind repeating that?
Rob Topping: Let me try again. And if not, I’m sorry, I’m on mobile. I’ll take off my earbuds. In the 10-Q, there was some acquired assets in the quarter. And I was just curious to get kind of general idea on kind of a 50,000 foot view on that.
Martin Kay: Coreen, that’s something you want to comment on?
Rob Topping: If it helps Coreen, I’m speaking to, I don’t have the 10-Q in front of me, but the one-on-one or it looked like community based around athletics.
Coreen Kraysler: Right, yes. So one second.
Rob Topping: And I didn’t mean to throw you as a curveball.
Coreen Kraysler: No, I know what it is. I’m just trying to think of the best way to describe it. It’s a community that allows people to talk to their favorite sports figures. And there’s a tie in with the bruins. One of the person who has our business development team was on a path to become a professional hockey player before he had a very serious injury. And so, that will tie in with some of the work that he has been doing on the side. So, I think there’s some interesting community aspects from that.
Rob Topping: Yes, definitely. That makes sense and I know who to talk to them in regard to that, but I have and seen a lot of interesting things in that space, too. Well, Congrats to all. Thank you.
Coreen Kraysler: Thanks Rob.
Operator: There appear to be no further questions in queue.
Coreen Kraysler: Great. Thank you so much, everyone for joining. It was a really interesting and fun dialogue. We love to have your questions and we look forward to talking to investors at the Sidoti Conference in May. Thank you very much.
Jason Frishman: Thank you all.
Operator: Thank you. This concludes today’s conference call. You may disconnect your phone lines at this time and have a wonderful day. Thank you for your participation.
