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IWG TECHNOLOGIES INC V.IWG

"IWG Technologies Inc through its subsidiary is engaged in developing, manufacturing and selling aircraft water treatment equipment, on-demand water heaters and water systems."


TSXV:IWG - Post by User

Post by Sir_Holleron Aug 06, 2014 11:50am
144 Views
Post# 22813730

One time expenses

One time expenses
"Engineering and product development expenses of $249,562 for the quarter represent a 109% 
increase from $119,595 the prior year. For the nine month period, expenses of $589,539 are 52%higher than $386,994 in the previous year. In both cases, these increases are due to expensing
costs in the third quarter related to prior modifications to a product, and shifting engineering 
resources to near term sustaining engineering efforts. These expenses are not expected to 
continue at the same level given upcoming product development projects that meet the strict 
criteria for capitalization."

 
 
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