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18. RESEARCH AND DEVELOPMENT EXPENSES | 6 Months Ended
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Jun. 30, 2013
Notes to Financial Statements |
18. RESEARCH AND DEVELOPMENT EXPENSES | NOTE 18 – RESEARCH AND DEVELOPMENT EXPENSES The total research and development expenses recognized in the income statements during the three-month and six-month periods ended June 30, 2013 were $54,480 and $72,182, respectively, of which the consumption of bromine produced by the Company amounted to $12,461 and $18,582, respectively. The total research and development expenses recognized in the income statements during the three-month and six-month periods ended June 30, 2012 were $62,526 and $105,324, respectively, of which the consumption of bromine produced by the Company amounted to $13,268 and $24,008, respectively.

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