Monday, June 01, 2015 11:39:48 AM
'Operating Expenses
Selling, general and administrative expenses were $3,387,923 for the three months ending March 31, 2015. This significant increase over the level of selling, general and administrative expenses of like period of the prior year is again related to the use of “push-down” accounting related to the business combination that occurred in May of 2014. Also there were significant incentive packages awarded to certain employees and vendors in connection with the reorganization.
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