Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : US Global Nanospace (USGA) -- Ignore unavailable to you. Want to Upgrade?

To: scion who wrote (92)	2/24/2004 10:44:55 AM
From: scion	Read Replies (1) \| Respond to of 132

We had an operating loss of $5,658,950 for the nine month period ended December 31, 2003 as compared to an operating loss of $5,654,238 for the nine month period ended December 31, 2002, and a net loss of $5,828,408 for the nine month period ended December 31, 2003 as compared to a net loss of $5,125,117 for the nine month period ended December 31, 2002. The increase in operating and net loss is due to research and development costs incurred in developing our products and to the non-cash general and administrative expense for deferred compensation and services relating to certain consulting agreements. We expect to continue to incur significant research and development costs in the future in connection with the continued development of our products. Interest expense for the nine month period ended December 31, 2003 totaled $408,643 as compared to interest expense of $93,443 for the nine month period ended December 31, 2002. Interest expense increased because of fees and increases in borrowing. During the nine months ended December 31, 2003, fees of $239,185 had been forgiven and recorded as debt restructure.