ClearSign Technologies Corporation

Good afternoon and welcome to the Clear Sun Combustion Corporation School Year 2018 conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your questions, please press star then Q. Please note this event is being recorded. At this time, I would like to turn the conference over to Lou Bethany, Vice President of Corporate Communications. Please go ahead, sir.

Thank you, Operator, and welcome everyone to the ClearSign Combustion Corporation full year and fourth quarter 2018 results conference call. During this conference call, the company will make forward-looking statements. Thank you for joining us today. will be successful in expanding the market for its products and other risks that are described in ClearSign's public periodic filings with the SEC, including the discussion in the risk factors section of the 2018 annual report on Form 10-K. Investors or potential investors should read these risks. ClearSign assumes no responsibility to update these forward-looking statements to reflect future events or actual outcomes and does not intend to do so. On the call with me today are Rob Hoffman, ClearSign's interim CEO and chairman of the board, Jim Deller, ClearSign's president, and Brian Fike, ClearSign's Chief Financial Officer. With that, now I'd like to turn the call over to Brian Fike. Please go ahead, Brian.

Thank you, Lou, and thank you to everyone for joining us today. Before I turn the call over to Rob, I'll review our preliminary results of operations for the full year that ended on December 31st, 2018. For the full year, revenue was $530,000 compared to revenue of $540,000 for the full year of 2017. The net loss for the 12 months ended December 31st, 2018 was $9.5 million compared to $9.7 million in the same period of 2017. Shared outstanding on December 31st, 2018 were $26,697,261. are cash resources for about $15.8 million at the end of the year. It is important to note that we have sufficient working capital available as of today to carry us well into 2020, even assuming no revenues or changes in expenditures. With that, I would like to turn the call over to our interim CEO and chairman of the board, Rob Hoffman. Please go ahead, Rob.