Posted On: 03/17/2013 11:51:40 AM
Post# of 43066
Research and Development
The Company is engaged in research and development activities. Research and development costs are charged as operating expense of the Company as incurred. For the years ended December 31, 2012, 2011 and 2010 the Company expensed $445,945, $1,452,932 and $761,231, respectively, towards research and development costs. Components of the processors that are fabricated or purchased with research and development plans and then used on the processor in production are capitalized into the cost of the processor and depreciated over the remaining life of the processor.
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