Published in Lab Business Week, September 24th, 2006
The company's net loss for the quarter ending June 30, 2006 was $1,294,041 versus a net loss of $653,786 during the same quarter in 2005. The company's net loss for the 9 months ended June 30, 2006 was $3,622,239 versus a net loss of $3,032,669 during the same 9 months in 2005.
The losses reported in 2005 were affected by substantial gains on derivative instruments of $319,570 for the 3 month period and $211,715 for the 9 month period. In 2006 the corresponding periods had much smaller gains on derivative instruments of $1,615 and $13,130 respectively.
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