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Consolidated Statements of Operations
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TyraTech, Inc. Annual Report 2008 Consolidated Statements of Operations Y ears Ended December 31, 2008 and 2007 27 2008 2007 Revenues: P P r oduct sales $ 1,048,583 $ 404,979 L L i cense and royalty revenue � 100,000 C C ol laborative revenue 4,890,288 5,525,037 G ross revenues 5,938,871 6,030,016 C C o ntra revenues from sales incentives provided in warrants � (482,919 ) N N N et revenue 5,938,871 5,547,097 C osts and expenses related to product sales and collaboration revenue 4,409,089 2,439,558 Gross profit 1,529,782 3,107,539 C osts and expenses: General and administrative 9,433,492 8,139,193 Business and development 6,360,795 6,206,324 R R e search and technical development 4,575,338 4,517,300 T otal cost and expenses 20,369,625 18,862,817 L L L oss from operations (18,839,843 ) (15,755,278 ) O ther (income) expense: Interest income (442,299 ) (758,004 ) Interest/other expense 4,579 1,032,859 C C h ange in fair value of warrant liabilities (997,312 ) (10,971 ) L L o ss on extinguishment of liability � 518,692 T otal other (income) expense (1,435,032 ) 782,576 L L L oss before income taxes (17,404,811 ) (16,537,854 ) Income taxes � � N N N et loss $ (17,404,811 ) $ (16,537,854 ) N et loss per common share: Basic and diluted $ (0.84 ) $ (0.84 ) W eighted average number of common shares: Basic and diluted 20,702,527 19,756,955 See accompanying notes to consolidated financial statements.