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Thursday, 11/13/2014 8:05:37 PM

Thursday, November 13, 2014 8:05:37 PM

Post# of 79848
Are operating expenses going to increase in the future quarters for scam company ADTM compared to the 2014 Q3?

The answer is YES, as is highlight in red below from the 2014 Q3 10Q:



http://www.sec.gov/Archives/edgar/data/1428397/000114420414067703/v393453_10q.htm

Operating Expenses

For the three months ended September 30, 2014, our operating expenses increased to $3,894,144, compared to $2,259,927 in the comparable period of 2013, an increase of $1,634,217 or 72%.

For the three months ended September 30, 2014, stock compensation expense increased to $1,000,695 from $868,899 in the comparable period of 2013, an increase of $131,796 or 15%. The increase was primarily due to a larger number of options issued during the three months ended September 30, 2014.

For the three months ended September 30, 2014, legal and professional fees decreased to $290,704 from $339,713 in the comparable period of 2013, a decrease of $49,009 or 14%. The decrease was primarily due to a more efficient allocation of internal resources and a better management of current open litigation matters, financial matters, equity issues and other activities.

For the three months ended September 30, 2014, our selling expenses that we incurred increased to $500,437 from $0 in the comparable period of 2013, an increase of $500,437 or 100 %. The increase was primarily due to an expansion of our sales and marketing personnel and related costs. We expect sales and marketing expenses to increase in absolute dollars in future periods, but at a slower growth rate.

For the three months ended September 30, 2014, the research and development costs that we incurred increased to $439,263 from $8,635 in the comparable period of 2013, an increase of $430,628 or 4,987%. We believe that continued investment in technology is critical to attaining our strategic objectives, and, as a result, we expect research and development expenses to increase in absolute dollars in future periods.

For the three months ended September 30, 2014, the general and administrative expenses that we incurred increased to $1,153,669 from $993,108 in the comparable period of 2013, an increase of $160,561 or 16%. The increase was primarily due to the overall increase in our operations, specifically investor relations expenses and personnel expenses. We expect general and administrative expenses to increase in absolute dollars in future periods.

For the three months ended September 30, 2014, depreciation and amortization increased to $509,376 from $49,572 in the comparable period of 2013, an increase of $459,804 or 928%. The increase was primarily due to the overall increase in furniture and fixtures and intangibles assets acquired that are being amortized over their estimated useful lives. We expect depreciation and amortization to increase in absolute dollars in future periods.

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