Wednesday, April 16, 2014 2:01:44 PM
In addition, Brent Fouch, the former president of Mind Technology, and one of our advisors, will receive a non-refundable, non-dilatable cash royalty payment equal to 5% of the gross proceeds received by Mind Solutions from the use of the covered technology.
Research and Development. For the year ended December 31, 2013, research &development expense amounted to $0.
Net Loss. Our net loss from operations increased to $22,142,476 for the year ended December 31, 2013 from $949,926 for the year ended December 31, 2012
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