actually, wrong the balance sheet does not include expenses, revenues and net losses it is the Income Statement that includes expenses, revenues and net losses It is pretty obvious who doesn't know what the difference between a balance sheet and an Income Statement is To those knowing how to read a balance sheet: Expenses decreased more than revenues, and decreased revenues were in compliance with FDA procedures. Guess what? Bottom line across the board is decreased losses. Decreased losses = gain. Very good financial management while meeting FDA requirements. $CRYO