Thanks for passing on this info. A couple of things I found in the report:
In the "Nature of Business Discussion" on page 7, first paragraph -
"Currently the Company is in various stages of photonic device and materials development and evaluation with potential customers and strategic partners."
Lebby says in the latest presentations that we are in the prototyping phase. Not sure why he doesn't use the above language.
The next sentence -
"The Company expects to obtain a revenue stream from datacom and telecom devices, sales of non-linear optical polymers, and product development agreements prior to moving into full-scale production."
So some small revenue streams may be generated before reaching "mass commercialization". Maybe selling polymers to Polariton for their modulator? It would be nice to be paid some design fees, too.
From Note 2 on page 8, they say monthly expenses are estimated at $865,000 for the next 12 months, but that "... cash
requirements are expected to increase at a rate consistent with the Company’s path to revenue as we expand our activities and operations..." so that estimate is likely the minimum monthly outlay.
They received $3,449,650 in October from the LPC deal.
"We currently have no debt to service." An oldie but a goodie.
News 
Market Data 
Discover 
