YES! ANOTHER WEEK without financial filings, but don't blame Cyclone, they paid up front. (LOL)
POMPANO BEACH, FL, June 8, 2016. Cyclone Power Technologies (OTCPK: CYPW) will be filing its required Reports to bring the financials up to date, and is releasing the following progress report to its shareholders:
POMPANO BEACH, FL, August 1, 2016, Cyclone Power Technologies (OTCPK: CYPW) has engaged and paid SEC attorneys and auditors to bring the company current on all financial reporting.
POMPANO BEACH, FL, Sep 29, 2016 - Cyclone Power Technologies (OTC PINK: CYPW)Cyclone is still working diligently on getting the financials brought up to date, audited and filed; there have been some unforeseen delays due to reporting requirements associated with derivatives accounting and inventory aging. We anticipate filing within the next few weeks as these issues have now been resolved. Bruce Schames, CFO, said
Here's a summary from the annual reports for the last several years (2014 is just up to end of Q3 since Cyclone has stopped filing financial reports):
Year______________General and Administrative___Research and Development
2014__________________1,606,575___________________713,237
2013__________________2,100,104___________________772,795
2012_________________ 2,203,713_________________1,091,501
2011__________________2,628,835___________________983,276
2010__________________1,522,917___________________842,425
2009__________________1,332,757_________________1,115,795
2008__________________1,225,411___________________866,380
Totals________________12,620,312__________________6,385,409
So why is it that Cyclone spent $2 on "General and Administrative" for every $1 on R&D? (Thanks Buddy)
