Discontinued Operations

9 Months Ended

Sep. 30, 2012

Discontinued Operations

Discontinued Operations

8.Discontinued Operations

The operations of Spherix Consulting, Inc. have been retroactively adjusted as discontinued operations as a result of the December 3, 2012 sale (see note 15 “Subsequent Events”).  The Spherix Consulting segment generated nearly all of the Company’s revenue and provided technical support for the Company’s Biospherics segment.  The sale will help to reduce our overhead and allow the Company’s remaining staff to better focus their energies on the Biospherics drug development activities and to concentrate on the identification of additional business opportunities.

	Three Months Ended Sept. 30,						Nine Months Ended Sept. 30,
	2012			2011			2012			2011
Revenue	$	177,591		$	198,464		$	593,256		$	690,817
Direct cost and operating expense	(111,135		)	(87,399		)	(354,600		)	(336,714		)
Selling, general and administrative expense	(199,604		)	(236,391		)	(562,079		)	(590,857		)
Income from discontinued operations before taxes	$	(133,148	)	$	(125,326	)	$	(323,423	)	$	(236,754	)