Very quickly, as I am headed to work, appears that the COG number is just below 40%. I get 33%. 44 x 2 = 88 (normal MNTA share share if no reimbursement, assumes not fully paid) 88 / .45 = 195.55 (net income of product) 195.55 / 292 = 66.97% net income ratio 1 - .6697 = .3303 = 33.33% COGS Corrections eveyone?