Total Brain Ltd (ASX:TTB) is the developer of a neuroscience-based mental health and fitness platform powered by the largest standardised neuroscientific database in the world formed over almost two decades and with >$50m of R&D funding. In a recent operational update TTB noted it would invoice affinity partner IBM $0.15m in revenue before the end of the calendar year for work in relation to preparation for the official launch of the GRIT (Get Results In Transition) digital mobile support platform for US veterans in transition on December 2. GRIT is the first product generated by Total Brain’s collaboration with IBM on its Health & Wellness 360 platform. Total Brain powers the Mind Gym module of the GRIT app. TTB’s update also noted that the previously announced deal with Hamptons Life for a direct-to-consumer version of the Total Brain platform is unlikely to proceed on the terms entered into in the non-binding Heads of Agreement due to a deteriorating operating environment from COVID-19. Discussions are ongoing for a smaller, non-exclusive partnership. At the company’s annual general meeting yesterday, new Interim CEO Matt Mund highlighted a renewed focus on clinical care support both from a branded Total Brain app and white-labelled Total Brain services. Mr Mund also noted that Total Brain remained focused on developing its population health vertical, well represented by the IBM GRIT programme for US veterans. He noted that TTB expects to end CY2021 with a 39% increase in annual recurring revenues of $4.8m and that based on current cash balances of $2.6m and near-term inflows, the expected cash runway was until the end of June 2022.