I believe that yes, the payment was included under G&A for last Q:
The settlement payment of $185,000 included the Former Officer’s salary, unemployment compensation and legal expenses incurred in connection with the complaint, which has been fully recorded and included in general and administrative expenses.
This is another expense that we will not have for the final quarter:
" In accordance with the vesting periods, $28,995 and $77,320 were recorded as general and administrative expenses related to these options for the three months and nine months ended March 31, 2017"
Therefore, Q4 looks like it already has (185K + 77k + 29K) less expense than previous Q. thats 291k less expense and 280k more revenue (see below):
Singapore Metals & Minerals Pte Ltd will return approximately $3.77 million (RMB 26 million) to the Company. This includes approximately $3.49 million (RMB 24.09 million) advanced freight expenses paid by the Company, and the remaining $0.28 million (RMB 1.91 million) will be recognized as net service revenue for the Company in the fourth quarter of 2017.
The 3.77 million to be returned is (i am assuming??) from the "due from related parties" on the balance sheet. Which all that will do essentially is shift assets around... (from due from to cash).
If all goes well we have 571k more on the bottom line.. (291 less expense with 280 more revenue). Could equate to +.05 EPS additional over last QTR. puts us between .18 and .20 for the quarter, equates .50+ for the trailing 12 months.
One thing I am not able to calculate for certain is the expense to the consultant. Somehow they are amortizing this over the period of the agreement. Therefore roughly 52k per qtr expense for 3 years (straight line method).
