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19. RESEARCH AND DEVELOPMENT EXPENSES
3 Months Ended
Mar. 31, 2015
Notes to Financial Statements  
19. RESEARCH AND DEVELOPMENT EXPENSES

The total research and development expenses recognized in the income statements during the three-month period ended March 31, 2015 was $48,235, of which the consumption of bromine produced by the Company amounted to $12,321. 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.