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Microcap & Penny Stocks : TASA. Can someone with KNOWLEDGE help!!!! -- Ignore unavailable to you. Want to Upgrade?


To: Bret P who wrote (225)3/17/1998 9:48:00 PM
From: Bret P  Respond to of 601
 
Excerpt from 10KSB regarding Bookmatch expenses

PRODUCT DEVELOPMENT EXPENSES. In Fiscal 1996, the
Company expended 2% of its revenues ($60,238) for product
development expenses related to BookMatch. In late Fiscal 1996,
the product achieved feasibility. Therefore, in accordance with
generally accepted accounting principles, the Company began
capitalizing costs associated with the product until it was
launched in December 1997. There are no product development
expenses in Fiscal 1997.