Re: Form 20-F
in response to
by
posted on
Mar 17, 2016 06:10PM
Thank you Splicetrock for postint this
Business of POET Technologies Inc.
POET is a developer of opto-electronic and photonic fabrication processes and products. Photonics integration is fundamental to increasing functional scaling and lowering the cost of current photonic solutions. POET believes that its advanced opto-electronics process platform enables substantial improvements in energy efficiency, component cost and size in the production of smart optical components, the engines driving applications ranging from data centers to consumer products to military applications. Silicon Valley-based POET’s patented module-on-a-chip process, which integrates digital, high-speed analog and optical devices on the same chip, is designed to serve as an industry standard for smart optical components.
The Company currently operates at a loss. We have no revenues. Our expenses, directly or indirectly, relate to the development and commercialization of the POET process or our status as a publicly traded Company. During the fiscal year ended December 31, 2015, research and development expenses were $3,532,492 while general and administration expenses were $8,614,109. Included in general and administrative and research and development are non-cash share based expenses of $4,265,704 and $552,416, respectively, relating to the fair value of stock based compensation. We have yet to commercialize the POET technology. To date, proceeds from the issuance of its common shares have financed the Company’s continuing operations and research and development initiatives.
As of December 31, 2015, we had over $14.5 million in current assets and approximately $515,000 of accounts payable and accrued liabilities. We are confident that the current level of working capital is sufficient to support the Company beyond 2016 as we work toward the goal of monetizing the POET process
I heard tell that if you lie to this EGAR dude you are in DEEPS..T
We have enough cash till well into 2017 and this Q aint done yet dont give up yet
disrupt it and they will come
later griz