QMDT (mentioned on motherboard by 10bagger):
According to their 10Q for latest qtr, their profit appears to be from a rather strange NEGATIVE Q&A expense, that is, it appears that their profit was based on a one-time adjustment to G&A expenses. I cannot remember ever seeing a negative G&A expense before.
Their revenues are relatively low compared to mktcap, and the only potential big increase in revenues may be associated with add-ons to a govt R&D contract for studying use of their product to reduce scarring from burns.
Seems a little risky at best.
'peeker
Here are a couple of excerpts from the 10Q:
From the Statements of Operations, Expenses section:
General and administrative expenses (142,039)
Operating Profit. Operating profit for the three months ended March 31, 2013 was $193,398 as compared to a loss of $307,085 for the three months ended March 31, 2012, representing a decreased loss of 163% or $500,483. The decrease loss was primarily attributable to a decrease in operating expenses of $436,777 and an increase in revenues of $63,705. The decrease in operating expenses was primarily due to the following: (a) a decrease in research and development expenses of $92,293 or 44%; (b) a decrease in general and administrative expenses of $352,751 or 167%; and (c) a decrease in licensing and patent expenses of $8,580 or 14%.
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