Monday, November 16, 2015 11:31:17 AM
PER 10Q today. A revisit of DeAngelis' share selling compensation with his loose ceo title trying to justify it
The Company has paid stock based compensation, to its Chief Executive Officer totaling $1,290,000 and $3,832,500 during the nine month periods ending September 30, 2015 and 2014, respectively. However, the Company has not paid the related payroll taxes, consisting primarily of Social Security and Medicare taxes. As a result, the Company has established an accrued liability for the related taxes, along with the estimated interest and penalties of $551,903 and $479,567 at September 30, 2015 and December 31, 2014, respectively
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