Insighter, please do your own research instead of parroting other bashers. The parent company did not spend on R&D because it is being done by the subsids and the consortium. From the 10K:
The development, commercialization and construction of our BiB aerostat system, masts and copter program is done by our subsidiary LTAS, while the development of our Argus airship is done through the Ohio LTA UAS Consortium we entered into in August 2013.
Our research and development efforts are largely focused on our BiB aerostat systems and other LTAS products.
The LTAS tethered powered aircraft are currently under development and can be integrated with any of our aerostat systems as well as our mast systems.
On August 27, 2013, we signed a teaming agreement with three other companies to establish a consortium to further develop, test and commercialize our other LTA UAS product, the Argus One. As part of the agreement, the Argus One development program was relocated to Ohio from its prior location in Easton, Maryland.
