appendix Financials patent expenses and reimbursements Patent expenses totaled $7.2 million for the year. Reimbursements received in FY10 totaled $4.265 million. At 59% of incurred expense, our reimbursement rate is much better than the industry average as reported by AUTM. We have analyzed our patent expenses on technology cases for which we are not receiving licensee reimbursement. As the table below shows, over the past four years we have incurred only 3.4% of our patenting cost
in the first year of a technology case’s life. Cases between 1 and 3 years old, when we would typically be converting provisional patents, account for over 48% of our total expense. About 48% of our total patent costs have been spent on older cases. This is especially interesting when compared with the age of the technology cases that are being licensed.
t r a n s
Analysis of Patent Expenses for Unlicensed Cases by Age of Case (000)
f
Age of Case When Patent Expense was Paid
e
Fiscal Year Total <1 year FY 2010 $3,173 $151 FY 2009 $3,592 $130 FY 2008 $2,661 $ 21 FY 2007 $3,048 $121 4-year Total $12,474 $423 Percent 3.4%
1-3 years $1,236 $1,840 $1,373 $1,594 $6,043 48.4%
4-6 years 7-10 years $769 $749 $664 $ 607 $674 $433 $607 $585 $2,714 $2,374 21.8% 19.0%
>10 years $268 $351 $160 $141 $920 7.4%
operating expenses FY10 office expenses totaled $5.55 million and the breakdown of these expenses is shown in the table below.
(000)
Salaries Benefits Other Office Expenses Credits Total Office Expenses
FY08
FY09
FY10
$3,272 $1,025 $1,115 $(300) $5,112
$3,488 $1,055 $830 $(294) $5,079
$3,825 $1,125 $876 $(279) $5,547
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