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Re: ilduce456 post# 8486

Monday, 10/05/2015 2:16:57 PM

Monday, October 05, 2015 2:16:57 PM

Post# of 21159
Do you really think HYSR is ever going to build a prototype?

I really see a patent grant....or a potential partnership/Join Venture way ever before we see a prototype developed by HyperSolar themselves...


Results of Operations for the Year Ended June 30, 2015 compared to the Year Ended June 30, 2014.

Operating Expenses

Operating expenses consists primarily of research and development expenses and general and administrative expenses incurred in connection with the operation our business. For the year ended June 30, 2015 operating expenses were $542,404 and $558,669 for the prior period ended June 30, 2014. The net decrease of $16,265 in operating expenses consisted primarily of research and development costs in the amount of $15,628 together with professional fees in the amount of $34,524, offset against an increase in marketing expenses of $13,687, and an overall increase in other general and administrative expenses of $20,200. Marketing expenses consist of expenses incurred in connection with our public responses. Other general administrative expenses consist of health insurance expenses, rental expense and other office expenses.
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