"Wow! Half a million in a quarter for an R&D"?? Huh?
They spent $15,478 for the ENTIRE QTR "R&D" expenses? Not half a million? They ended the qtr with about $90K total cash left, not half a million?
See pages 4 and 5 of 10-Q. They spent $831,362 on G&A expenses (salaries, rent, overhead, whatever- for a 3 or 4 person company), that's where the bulk of any cash/money went, as is typical for them.
There's no half a million for R&D? What line of the 10-Q is that on?
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