Loop Industries, Inc. - 10-Q filing on 2024-01-16

Research and Development Expenses

9 Months Ended

Nov. 30, 2023

13. Research and Development Expenses

Research and development expenses for the three-month periods ended November 30, 2023 and 2022 were as follows:

	November 30, 2023			November 30, 2022
Employee compensation	$	1,268		$	1,995
Machinery and equipment expenditures		4			1,059
External engineering		262			707
Plant and laboratory operating expenses		322			916
Tax credits		(221	)		(300	)
Other		198			205
	$	1,833		$	4,582

Research and development expenses for the nine-month periods ended November 30, 2023 and 2022 were as follows:

	November 30, 2023			November 30, 2022
Employee compensation	$	4,087		$	6,350
Machinery and equipment expenditures		1,240			4,133
External engineering		1,558			2,914
Plant and laboratory operating expenses		1,238			2,366
Tax credits		(269	)		(1,207	)
Other		507			577
	$	8,361		$	15,133