Theralase® Releases FY2022 Audited Financial Statements
Selling expenses for the year ended 2022, decreased to $301,359, from $363,886 in 2021 (17% decrease).
- Selling expenses for the year ended 2022, decreased to $301,359, from $363,886 in 2021 (17% decrease).
- The decrease in selling expenses is primarily attributed to the COVID-19 pandemic, resulting in reduced advertising (51%) and salaries (17%).
- Administrative expenses for the year ended 2022, decreased to $1,277,253 from $1,562,867 in 2021, (18% decrease).
- Net research and development expenses for the year ended 2022, increased to $4,281,106 from $2,924,733 in 2021 (46% increase).