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.
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)