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Re: None

Tuesday, 05/23/2017 1:24:04 PM

Tuesday, May 23, 2017 1:24:04 PM

Post# of 6329
Say what!! At the dime of investors? During the quarter ended March 31, 2017, our operating expenses were $676,552 compared to $196,892 during the same period for the prior fiscal year. During the three months ended March 31, 2017, our operating expenses were comprised of salary and consulting fees of $100,000, professional fees of $79,414, rent expense of $281,753, travel expense of $142,999, other general and administrative items of $72,386. By comparison, for the three months ended March 31, 2016, our operating expenses were comprised of salary and consulting fees of $0, professional fees of $43,071, rent expense of $89,387, travel of $0, other general and administrative items of $5,954. Expenses incurred during the first quarter ended March 31, 2017 compared to first quarter ended March 31, 2016 increased primarily due to an increase in the use of salaries and consulting fees, professional fees, and rent expense. Professional fees generally include financial, legal and administrative contracted services.

https://www.sec.gov/Archives/edgar/data/1653821/000143774917009736/cenb20170331_10q.htm
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