Annual report pursuant to Section 13 and 15(d)

Research and Development, Policy (Policies)

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Research and Development, Policy (Policies)
12 Months Ended
Dec. 31, 2016
Policies  
Research and Development, Policy

Research and development - Research and development costs are expensed as incurred and consist of direct and overhead-related expenses. Expenditures to acquire technologies, including licenses, which are utilized in research and development and that have no alternative future use are expensed when incurred. Technology the Company develop for use in its products is expensed as incurred until technological feasibility has been established after which it is capitalized and depreciated.