Thanks Taurean7 and Alhotcop9 So I guess Alexium's COGS is...

Thanks Taurean7 and Alhotcop9

So I guess Alexium's COGS is likely to be perhaps a small component for chemicals and freighting charges but a large part payments to Toll manufacturers. This is a good model as it will indeed mean less inventory (largely chemicals) and more a COGS that ties into the sales process. I'd like to hear this one discussed further / explained on a future webcast by Management.

However I'm still trying to figure out how Alexium went from a COGS in June of $7.357m to $3.149m in September (a drop of more than 50%!) when sales were largely the same between quarters and the margin only improved 5% (from 18% to 23%).