Plug Power Inc (PLUG)

[DebitsAndCredits]

Hi uksausage,

Well, the R&D and the other numbers are a scenario. I know that they don't spend that much on R&D in one year. To answer your question though, yes my time period is one year.

There biggest charge is always the adjustment for fair value of warrants.

I work as an accountant, but I am not in-charge of my company's accounting for warrants. My question is whether the warrants are related to cash or not (i.e. depreciation is not cash, it is just an accounting charge). If I do look that up, I will add a "tutorial" post here explaining it.

Otherwise, the sheets for me are just a scenario. I keep them handy so that I can run them over several time periods ...as management updates and SEC filings come out. As with 100% of all penny stocks, there are issues with volume of business, keeping expenses down, and spending cash to build the business.

I would say use the numbers for something that makes sense to you. For me, I am using the numbers I put out to keep an eye on the gross margins for service revenue. I am looking for that number to continue the same improvement as the product gross margins.

GLTA,

-D&C