One way to protect ANO's competive advantage is to spend adequatly in R&D. From the annual report :
Research costs are expensed in the period in which they are incurred. Development costs are capitalised when it is probable that the project will be a success considering its commercial and technical feasibile.
Looking at the balance sheet aproximaly $425k was spent on development last year. I cannot find how much was expended in research. How much do you think should be an appropriate number for R&D?
One way to protect ANO's competive advantage is to spend...
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