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Re: None

Tuesday, 08/16/2016 12:10:30 PM

Tuesday, August 16, 2016 12:10:30 PM

Post# of 32544
More info on R & D costs for the Firefly from the 10Q:

Research and development expense decreased by approximately $142,000, or 58%, for the three months ended June 30, 2016 compared to the three months ended June 30, 2015. The decrease was primarily attributable to the decrease in labor, and engineering costs related to the development of Firefly Dx product. During the three months ended June 30, 2015 our Firefly Dx benchtop prototype was in development phase and was completed by the end of the three months ended December 31, 2015. The Company does not expect to increase its research and development expenses until it arranges contractual or strategic arrangements to share in the costs of that development.

It's all about acquiring funding to get the Firefly to market.
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