Too funny,
the expense list looks like the shopping list of Aunt Mary. All small items,...but they add up nicely!
CHROMATICS COLOR SCIENCES INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
<TABLE>
<CAPTION>
Three Months Ended June 30, Six Months Ended June 30,
-------------------------------- ---------------------------------
2000 1999 2000 1999
------------ ------------ ------------ ------------
<S> <C> <C> <C> <C>
REVENUES:
Sales $ 667,300 $ - $ 705,900 $ -
Other - 500 100 600
------------ ------------ ------------ ------------
667,300 500 706,000 600
------------ ------------ ------------ ------------
COSTS AND EXPENSES:
Cost of sales 492,600 - 513,400 -
Sales, marketing and trade show costs 533,300 660,000 1,170,700 1,201,900
Medical regulatory expenses 227,200 239,700 423,600 473,300
Research and development 416,300 261,400 711,000 429,300
Patent application costs 94,400 5,000 150,500 47,900
Compensation costs relating to options granted
to consultants (non cash) 225,000 248,000 465,000 488,000
General and administrative:
Compensation - Officers and employees 328,600 210,600 557,000 386,100
Consultants 115,800 72,800 231,800 151,000
Legal fees 250,900 304,200 438,300 552,100
Accounting fees 26,700 24,600 96,600 47,100
Rent and storage 78,900 74,500 157,000 148,400
Insurance 71,800 64,900 149,500 120,400
Travel and entertainment 30,200 9,800 47,100 16,500
Repairs and maintenance 34,800 29,300 82,300 55,700
Depreciation and amortization 173,000 31,300 344,400 57,900
Payroll taxes 21,900 19,000 42,300 33,000
Stock administrative fees 24,900 33,400 54,200 43,700
Public relations 52,800 56,400 112,700 101,000
Amortization of Goodwill 31,000 - 31,000 -
Other 105,900 87,800 173,200 182,500
------------ ------------ ------------ ------------
3,336,000 2,432,700 5,951,600 4,535,800
------------ ------------ ------------ ------------
OPERATING LOSS (2,668,700) (2,432,200) (5,245,600) (4,535,200)
------------ ------------ ------------ ------------
INTEREST INCOME (EXPENSE):
Interest income 45,000 52,700 89,800 83,700
Interest expense and non-cash financing costs (335,400) (1,513,200) (1,232,000) (1,519,800)
------------ ------------ ------------ ------------
(290,400) (1,460,500) (1,142,200) (1,436,100)
------------ ------------ ------------ ------------
NET LOSS $ (2,959,100) $ (3,892,700) $ (6,387,800) $ (5,971,300)
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