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17. RESEARCH AND DEVELOPMENT EXPENSES | 6 Months Ended
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Jun. 30, 2014
Notes to Financial Statements |
17. 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, 2014 were $32,558 and $63,338, respectively, of which the consumption of bromine produced by the Company amounted to $8,574 and $17,508, respectively. 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.

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