Research and development increased $676,811 or 32% from $2,088,988 for the three months ended September 30, 2006 to $2,765,799 for the three months ended September 30, 2007. General and administrative expenses increased to $1,332,181 for the three months ended September 30, 2007 from $1,029,393 for the three months ended September 30, 2006. Amortization decreased by $2,308,988 or 78% to $659,318 for the three months ended September 30, 2007 as compared to $2,968,306 for the same period in fiscal 2007. Recovery of future income taxes decreased from $2,729,422 for the three-month period ended September 30, 2006 to Nil for the three-month period ended September 30, 2007. Interest income for the three months ended September 30, 2007, was $596,479 as compared to $73,241 for the three months ended September 30, 2006. read more

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