EXHIBIT 10.8

   

 EXHIBIT 10.8
 

  	 	 	 	 	 	 	 
	  
	  
	  
	  
	  
	  
	  

	 DETAILED BUDGET FOR INITIAL BUDGET PERIOD
	 FROM
	 THROUGH
	  

	 DIRECT COSTS ONLY
	 04/01/13
	 08/31/13
	  

	 PERSONNEL 
	 ROLE ON PROJECT
	 5 month % Effort
	 INST.BASE ANNUAL SALARY
	 SALARY
 REQUESTED
	 FRINGE
 BENEFITS
	 

 TOTALS

	 Vladimir Zharov, PhD
	 Sub-Investigator
	 75%
	 $214,600
	 $67,063
	 $16,766
	 $83,829

	 Ekaterina Galanzha, PhD
	 Sub-Investigator
	 75%
	 $91,106
	 $28,471
	 $7,118
	 $35,589

	 Yulian Menyeav, PhD
	 Research Associate
	 90%
	 $46,165
	 $17,312
	 $4,328
	 $21,640

	 Dmitry Nedosekin
	 Research Associate
	 90%
	 $48,464
	 $18,174
	 $4,544
	 $22,718

	 Mazen Juratli, MD
	 Research Associate
	 33%
	 $50,000
	 $6,875
	 $1,719
	 $8,594

	 Mustafa Sarimollaoglu
	 Research Associate
	 100%
	 $42,000
	 $17,500
	 $4,375
	 $21,875

	 Scott Ferguson
	 Research Technician
	 5%
	 $72,175
	 $1,504
	 $376
	 $1,880

	 To Be Named
	 Technician
	 100%
	 $30,000
	 $12,500
	 $3,125
	 $15,625

	 SUBTOTALS
	 $169,399
	 $42,351
	 $211,750

	 EQUIPMENT (Itemize)
	  
	  
	  
	  
	  
	  

	 Ultrasound Imagery System
	 $16,000
	  
	  
	  
	  
	  

	 3-D Automated Stage
	 $11,000
	  
	  
	  
	  
	  

	 Focused transducers
	 $7,000
	  
	  
	  
	  
	  

	 Infrared Endoscopic System
	 $5,500
	  
	  
	  
	  
	  

	  
	  
	  
	  
	  
	  
	 $39,500

	 Travel
	  
	  
	  
	  
	  
	  

	 PI and Co-I to travel to two conferences
	 $8,000
	  
	  
	  
	  
	  

	  
	  
	  
	  
	  
	  
	 $8,000

	 SUPPLIES (Itemize by category)
	  
	  
	  
	  
	  
	  

	 Fibers, lens, mechanical holders
	 $3,500
	  
	  
	  
	  
	  

	  
	  
	  
	  
	  
	  
	 $3,500

	 TOTAL DIRECT COSTS FOR INITIAL BUDGET PERIOD 
	  
	  
	  
	  
	 $262,750



 

 


  
 
 

  	 	 	 	 	 	 	 
	 DETAILED BUDGET FOR INITIAL BUDGET PERIOD
	 FROM
	 THROUGH
	  

	 DIRECT COSTS ONLY
	 09/01/13
	 03/31/14
	  

	 PERSONNEL 
	 ROLE ON PROJECT
	 7 month % Effort
	 INST.BASE ANNUAL SALARY
	 SALARY   REQUESTED
	 FRINGE    BENEFITS
	 TOTALS

	 Laura Hutchins, MD
	 Principal Investigator
	 10%
	 $323,245
	 $18,856
	 $4,714
	 $23,570

	 Vladimir Zharov, PhD
	 Sub-Investigator
	 80%
	 $214,600
	 $100,147
	 $25,037
	 $125,184

	 Ekaterina Galanzha, PhD
	 Sub-Investigator
	 80%
	 $91,106
	 $42,516
	 $10,629
	 $53,145

	 Yulian Menyeav, PhD
	 Research Associate
	 100%
	 $46,165
	 $26,930
	 $6,733
	 $33,663

	 Dmitry Nedosekin
	 Research Associate
	 95%
	 $48,464
	 $26,857
	 $6,714
	 $33,571

	 Mustafa Sarimollaoglu
	 Research Associate
	 100%
	 $42,000
	 $24,500
	 $6,125
	 $30,625

	 Scott Ferguson
	 Research Technician
	 10%
	 $72,175
	 $4,210
	 $1,053
	 $5,263

	 Eric Siegel
	 Biostatician
	 10%
	 $81,266
	 $4,741
	 $1,185
	 $5,926

	 To Be Named
	 Engineer
	 100%
	 $45,000
	 $26,250
	 $6,563
	 $32,813

	 To Be Named
	 Technician
	 100%
	 $30,000
	 $17,500
	 $4,375
	 $21,875

	 SUBTOTALS
	 $292,507
	 $73,128
	 $365,635

	 EQUIPMENT (Itemize)
	  
	  
	  
	  
	  
	  

	 Optical endoscopic system with CCD camera
	  
	 $6,000
	  
	  
	  
	  

	 Focused ultrasound transducers
	  
	 $10,000
	  
	  
	  
	  

	 High speed hardware and software
	  
	 $20,000
	  
	  
	  
	  

	  
	  
	  
	  
	  
	  
	 $36,000

	 SUPPLIES (Itemize by category)
	  
	  
	  
	  
	  
	  

	 Lens, electrical and mechanical components
	  
	 $20,000
	  
	  
	  
	  

	  
	  
	  
	  
	  
	  
	 $20,000

	 PATIENT CARE / CLINICAL COSTS
	  
	  
	  
	  
	  
	  

	 Kits for blood tests ex vivo
	  
	 $14,850
	  
	  
	  
	  

	  
	  
	  
	  
	  
	  
	 $14,850

	 TOTAL DIRECT COSTS FOR INITIAL BUDGET PERIOD 
	  
	  
	  
	  
	 $436,485