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Prophy Research Corporation reports
Expenses graph

expenses89-03graphonly.gif

(Remember, these are just cash expenses. To date we don't have any paid labor or rent. See the "goodwill" parts later.)

 

In the early years I was spending money on patent attorneys, prototypes, pre-marketing, applications in 16 countries, etc.

 

From 1997 to 2000 the expenses were about $1,800 a year. That was roughly $600 for each of our 2 patent applications, and then a few hundred for everything else. After 2001 I did not spend any more on "Osteo", the birth defects application. It was officially abandoned Dec 2002. All I am investing in now is "OptiDose", our dose by weight application. No re-write in 2002, but in 2003 I went double - a re-write and an appeal on the old one.

 

From 2001 to 2003 our average expenses were about $900 a year. The low expenses are a good reflection of my / our subdued interest in these last few years. Don't read too much into last year's apparent increased activity, but I am getting a little more aggressive about getting approval. If we do get approved, spending will go up considerably.

Year Expenses
1989 $0
1990 $9,172
1991 $10,185
1992 $15,626
1993 $8,358
1994 $4,218
1995 $1,965
1996 $1,103
1997 $3,237
1998 $1,584
1999 $1,327
2000 $1,284
2001 $714
2002 $109
2003 $1,967
Total $60,849

On to the next page (a typical expense report - for 2003)