Notes to Consolidated Financial Statements (continued)
43
Information concerning the various segments of the Company for the years December 31, 2008 and 2007 is summarized
as follows:
2008
2007
N
et revenues
P P
es
ticides
$ 6,069,731
$ 5,257,097
Sustainable solutions
(130,860
)
290,000
$ 5,938,871
$ 5,547,097
L
oss
P P
es
ticides
$ (15,306,603
)
$ (15,909,209
)
Sustainable solutions
(2,098,208
)
(628,645
)
$ (17,404,811
)
$ (16,537,854
)
Identifiable assets
P P
es
ticides
$ 11,856,606
$ 30,065,841
Sustainable solutions
1,626,170
319,072
$ 13,482,776
$ 30,384,913
Depreciation and amortisation
P P
es
ticides
$ 479,618
$ 870,931
Sustainable solutions
—
—
$ 479,618
$ 870,931
C
apital expenditures
P P
es
ticides
$ 404,626
$ 851,802
Sustainable solutions
—
—
$ 404,626
$ 851,802
Interest income
P P
es
ticides
$ 442,299
$ 758,004
Sustainable solutions
—
—
$ 442,299
$ 758,004
Stock compensation
P P
es
ticides
$ 3,778,525
$ 3,754,412
Sustainable solutions
312,306
218,031
$ 4,090,831
$ 3,972,443
A
ll significant revenue and identifiable assets of the Company are currently in the United States of America.
(15) Contingencies
Litigation
In November, Molecular Securities, Inc. ("Molecular") filed a Complaint against TyraTech, Inc. ("Company") asserting claims for breach of contract and quantum meruit. Molecular alleges that it is owed US$2,760,470 for services it allegedly provided to TyraTech plus interest, attorneys´ fees, and costs. TyraTech strongly refutes this claim and is vigorously defending itself in the lawsuit. The Company has not recorded any liability for this lawsuit.
TyraTech, Inc. Annual Report 2008
