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18. RESEARCH AND DEVELOPMENT EXPENSES | 3 Months Ended
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Mar. 31, 2014
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, 2014 was $30,780, of which the consumption of bromine produced by the Company amounted to $8,934. 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.

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