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Note 1: Nature of Operations and Summary of Significant Accounting Policies Back To Table of Contents: Research and Development (Policies)
12 Months Ended
Dec. 31, 2016
Policies  
Research and Development

Research and Development

Research and development expenses are expensed as incurred, and consist primarily of personnel, facilities, equipment and supplies for research and development activities. Participation from government departments for development of approved projects is recognized as a reduction of expense as the related costs are incurred.