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Critical Outcome Technologies Inc.

03:46 PM EST - Critical Outcome Technologies Inc. : reported a first-quarter net loss of $979,089 or $0.02 per share, compared to a net loss of $858,771 or $0.02 per share last year. Consistent with the prior year, there were no operating revenues generated in the quarter. The increased loss of $120,318 resulted from five main sources: increased research and development of $183,092, increased salaries and benefits of $137,328, lower interest revenue of $31,208 offset by decreased stock-based compensation of $199,019 and lower professional fees of $46,986. Critical Outcome Technologies Inc. shares V.COT are trading even at $0.50.