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18. RESEARCH AND DEVELOPMENT EXPENSES | 9 Months Ended
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Sep. 30, 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 and nine-month periods ended September 30, 2013 were $33,198 and $105,380, respectively, of which the consumption of bromine produced by the Company amounted to $8,803 and $27,385, respectively. The total research and development expenses recognized in the income statements during the three-month and nine-month periods ended September 30, 2012 were $28,478 and $133,802, respectively, of which the consumption of bromine produced by the Company amounted to $8,701 and $32,709, respectively.

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