Annual Report & Accounts 2011 - Consolidated Statements of Operations
2011 2010
Revenues:
Product sales $4,406,531 $2,055,612
Collaborative revenue 2,748,635 2,536,401
Total revenues 7,155,166 4,592,013
Costs and expenses related to product sales and collaboration revenue:
Product costs 1,810,176 1,112,658
Collaborative costs and expenses 686,091 2,156,502
Total costs and expenses 2,496,267 3,269,160
Gross profit 4,658,899 1,322,853
Costs and expenses:
General and administrative 3,470,414 3,657,560
Business development 987,217 705,004
Research and technical development 2,779,892 3,050,278
Total cost and expenses 7,237,523 7,412,842
Loss from operations (2,578,624) (6,089,989)
Other income (expense):
Interest income 29 683
Interest/other expense (13,388) (17,307)
Loss on disposal of fixed assets (129,517) -
Total other income (142,876) (16,624)
Loss from operations before income taxes (2,721,500) (6,106,613)
Income tax expense - -
Net loss (2,721,500) (6,106,613)
Discontinued operations (Note 14)
Income from discontinued operations - 10,070
Income tax expense - -
Income from discontinued operations - 10,070
Consolidated net loss $(2,721,500) $(6,096,543)
Net loss attributable to non-controlling interest 841 6,055
Net loss attributable to the Company $(2,720,659) $(6,090,488)
Net loss per common share from continuing operations
Basic and diluted $(0.05) $(0.16)
Net loss per common share from discontinued operations
Basic and diluted $(0.00) $(0.00)
Net loss attributable to TyraTech, Inc. $(0.05) $(0.16)
Weighted average number of common shares
Basic and diluted 51,843,801 37,116,234
The accompanying notes are an integral part of these consolidated financial statements.
Consolidated Statements of Operations
YEARS ENDED DECEMBER 31, 2011 & 2010
TYRATECH, INC. • ANNUAL REPORT 2011 • PAGE 31
