For the year 2008, cost of sales increased by $161,917. The increase is related to the increased sales during the year 2008.
Sales and Marketing Expenses
For the year 2008, sales and marketing expenses increased $330,973 from 2007.
Research and Development Expenses
For the year 2008, research and development expenses increased $2,198,989 from 2007.
General and Administrative Expenses
For the year 2008, general and administrative expenses decreased $199,758 from 2007.
Interest Income
For the year 2008, interest income decreased $80,729 compared to 2007.
Miscellaneous Expense
For the year 2008, miscellaneous expense increased by $78,504 as compared to none for the year 2007.
Liquidity and Capital Resources
As of December 31, 2008, WaferGen had cash of $2,597,413. WaferGen has historically met its liquidity requirements through borrowings and through the sale of equity securities. As of December 31, 2008, WaferGen had working capital of $1,595,741.