Annual Report & Accounts 2010 - Consolidated Statements of Operations
Consolidated Statements of Operations
Years Ended December 31, 2010 and 2009
2010 2009
Revenues:
Product sales $ 2,055,612 $ 2,590,618
C ollaborative revenue 2,536,401 3,740,222
Total revenues 4,592,013 6,330,840
Costs and expenses related to product sales and collaborative revenue:
Product costs 1,112,658 1,895,052
C ollaborative costs and expenses 2,156,502 2,560,368
Total costs and expenses 3,269,160 4,455,420
Gross profit 1,322,853 1,875,420
Costs and expenses:
General and administrative 3,657,560 6,535,727
Business development 705,004 2,042,435
Research and technical development 3,050,278 4,393,367
Total cost and expenses 7,412,842 12,971,529
L oss from operations (6,089,989) (11,096,109)
Other (expense) income:
Interest income 683 15,271
Interest/other expense (17,307) (2,526)
Total other (expense) income (16,624) 12,745
L oss from continuing operations before income taxes (6,106,613) (11,083,364)
Income tax expense - -
Net loss from continuing operations $ (6,106,613) $ (11,083,364)
Discontinued operations (Note 3):
Income (loss) from discontinued operations before income taxes 10,070 (2,797,950)
Income tax expense - -
Income (loss) from discontinued operations 10,070 (2,797,950)
Consolidated net loss $ (6,096,543) $ (13,881,314)
Net loss attributable to non-controlling interest 6,055 28,467
Net loss attributable to TyraTech, Inc. including discontinued operations $ (6,090,488) $ (13,852,847)
Net loss per common share from continuing operations
Basic and diluted $ (0.16) $ (0.53)
Net loss per common share from discontinued operations
Basic and diluted $ 0.00 $ (0.13)
Net loss per common share attributable to TyraTech, Inc.
Basic and diluted $ (0.16) $ (0.66)
Weighted average number of common shares outstanding
Basic and diluted 37,116,234 21,068,343
The accompanying notes are an integral part of these consolidated financial statements.
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