Replies to post #38475 on First American Scientific Corp. (fka FASC)

[sambeaux]

RJ, I have often wondered the same
things. Start up money is important..
but after that many headaches..
especially paperwork type headaches.

[TRCPA]

RJ.......the auditor's fees for the SEC reporting for the two recent years show up every year in the annual 10K.

http://sec.gov/Archives/edgar/data/1002822/000100201411000476/fasc10k-6302011.htm

Page 39....

2011 $ 42,500 BehlerMick PS.
2010 $ 39,500 BehlerMick PS.

As for total operating expenses, FASC is now down to less than $150K per quarter; last quarter was $145,465....on page 4 of link below.

http://sec.gov/Archives/edgar/data/1002822/000100201412000293/fasc10q03312012-a1.htm

Also, of that $145,465, $39,483 are non-cash flow items, depreciation and amortization. The difference between the two, $105,982, is the real cash flow operating expenses for the quarter.

On the sales side, it looks like FASC will make something like $150-$250K profit on the sale of new KDS now......depending on the model.

So you can see how little it takes to become profitable, and how fast profitability can grow with any sales growth here. And that is not even counting anything from the joint ventures, royalties, profit-sharing etc.

Its a fabulous business model now; and sales growth is the key.

[TRCPA]

RJ....as far as your comment on public companies, don't forget that you can always raise capital with new share issues, in lieu of going to the bank. Obviously, this can't be done with private companies