Creede - look at this. TVOC is one of his "SURE WINNERS". Compare this to LBWR.
Huge Losses and you can't even blame that on R&D. It's just about all consultants and management.
c) Company Expenses
The net loss for the three and nine month periods ended September 30, 2006 was $2,291,000 and $4,875,000 as compared to the net loss of $958,000 and $4,279,000 for the three and nine month periods ended September 30, 2005. The increase in the net loss of $1,333,000 and $596,000 is principally related to increases in general and administrative expenses, which resulted from certain stock based compensation plans.
Research and development expenses for the three and nine month periods ended September 30, 2006 were $334,000 and $1,252,000 as compared to $782,000 and $2,266,000 for the three and nine month periods ended September 30, 2005. This decrease amounted to $448,000 and $1,014,000. This decrease is attributable to decreased costs associated with commercializing our technologies.
General and administrative expenses for the three and nine month periods ended September 30, 2006 amounted to $1,957,000 and $3,631,000 as compared to $244,000 and $2,218,000 for the three and nine month periods ended September 30, 2005. This increase amounted to $1,713,000 and $1,413,000 and is principally due to charges for consulting expenses, which resulted from certain stock based compensation plans. |
