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18. RESEARCH AND DEVELOPMENT EXPENSES
3 Months Ended
Mar. 31, 2013
Notes to Financial Statements  
18. RESEARCH AND DEVELOPMENT EXPENSES

The total research and development expenses recognized in the income statements during the three-month period ended March 31, 2013 was $17,702, of which the consumption of bromine produced by the Company amounted to $6,120. The total research and development expense recognized in the income statements during the three-month period ended March 31, 2012 was $42,798, of which the consumption of bromine produced by the Company amounted to $10,740.