"Expenses (not including interest expense) for the quarter ended October 31, 2009 were $1,339,512 compared to $852,325 for the quarter ended October 31, 2008. The increase can be attributed to higher stock based compensation expense, salary increases in line with the growth of the ActiveMine(TM) product and expenditures related to the development of the ActiveMine(TM) product."

I'll be interested to see how much of an increase in salary/compensation expense over Q4(if any) and Q1 2008 based on 2 completed installs.