Annual Report & Accounts 2009 - Consolidated Statements of Operations
T YR AT ECH, INC. / ANNUAL R EPORT 20 0 9
Consolidated Statements of Operations
Years Ended December 31, 2009 and 2008
2009
2008
Revenues:
Product sales
$ 2,901,622
$ 1,048,583
Collaborative revenue
3,740,222
4,890,288
G
ross revenues
6,641,844
5,938,871
Costs and expenses related to product sales and collaborative revenue:
Product costs
3,804,263
1,628,865
Collaborative costs and expenses
2,560,368
2,780,224
T
otal costs and expenses
6,364,631
4,409,089
Gross profit
277,213
1,529,782
Costs and expenses:
General and administrative
6,630,044
9,443,492
Business and development
3,147,861
5,683,072
Research and technical development
4,393,367
5,253,061
T
otal cost and expenses
14,171,272
20,369,625
L
oss from operations
(13,894,059
)
(18,839,843
)
Other income (expense):
Interest income
15,271
442,299
Interest/other expense
(3,138
)
(4,579
)
Change in fair value of warrant liabilities
612
997,312
T
otal other income
12,745
1,435,032
L
oss before income taxes
(13,881,314
)
(17,404,811
)
Income tax expense
-
-
N
et loss
$ (13,881,314
)
$ (17,404,811
)
Net loss attributable to non-controlling interest
28,467
-
N
et loss attributable to TyraTech, Inc.
$ (13,852,847
)
$ (17,404,811
)
Net loss per common share attributable to TyraTech, Inc.:
Basic and diluted
$ (0.66
)
$ (0.84
)
Weighted average number of common shares:
Basic and diluted
21,068,343
20,702,527
The accompanying notes are an integral part of these consolidated financial statements.
