OWC Pharmaceutical Research Corp (OWCP)

[FELLER]

The answer to your question can be understood looking at the Condensed Consolidated Statements of Cash Flows. The total G&A was $1,401,000 -- deduct Amortization of Services Receivable $179,000 plus Stock-based compensation $1,058,000 so actual expenses were $164,000.

I hope it answers your question. The guys are working on a very minimum wages and expenses, but will be rewarded IN THE FUTURE upon success of the company.

Also, if you look into and learn about Israel Research, you'll see it's FAR LESS to do research on this type of thing there compared to the USA.