SmartMetric Inc (SMME)

[DCorleone]

Checked Websters and it seems SMME use of Completeted and Developing, aren't SYNONYMS?
Go to post top right hand smme box 2 replies one is mine. LOL
Revenue and Net Loss

For the six months ended December 31, 2015, there was no revenue and a net loss of $740,350. For the six months ended December 31, 2014, there was no revenue and a net loss of $983,063. This decreased loss of $242,713 or 24.7% resulted primarily from lower general and administrative expenses.

General and Administrative Expenses

General and administrative expenses for the six months ended December 31, 2015 were $536,552, a decrease of $260,632 or 32.7% compared to $797,184 for the comparable period in 2014. This decrease was primarily attributed to lower consulting expenses and legal and professional fees.


At December 31, 2015, the Company had an accumulated deficit of $21,767,902 and it is likely that the Company will incur additional losses in the future. While we have funded our operations since inception from operations and through private placements of equity securities, there can be no assurance that adequate financing will continue to be available to us and, if available, on terms that are favorable to us