North Bay Resources Inc (NBRI)

[Spanky227]

This is such nonsense bringing up as a smoking gun for Perry milking the company. SG&A expenses are basically every conceivable cost there is to run a business. These include:

Example of Chart of Accounts for SG&A Expenses

An example of a complex chart of accounts for selling, general and administrative expenses organized by related categories versus a simple chart of accounts organized alphabetically.

100 SALARIES & WAGES
110 S & W – Exempt
120 S & W – Non-Exempt
130 S & W – Officers
140 S & W – Incentives
150 S & W – Commissions
160 S & W – Overtime
170 S & W – Severence

200 FRINGE BENEFITS
210 401K Match
220 Allocations to Other Departments
230 Education Assistance / Training & Educ
240 Insurance – Workers Comp
250 Insurance – Medical & Dental
260 Insurance – Group Life
270 Other Miscellaneous Employee Benefits
280 PR Tax – FICA
290 PR Tax – Unemployment

300 TRAVEL, LIVING & ENTERTAINMENT
310 TLE – Airfares
320 TLE – Lodging
330 TLE – Meals
340 TLE – Entertainment
350 TLE – Auto Leasing
360 TLE – Auto Expense
370 TLE – Conventions & /Seminars
380 TLE – Miscellaneous
390 TLE – Cellphones & Pagers

400 OTHER MISCELLANEOUS EXPENSES
410 MISC – Bad Debts
420 MISC – Bank Charges
430 MISC – Computer & Software Related
440 MISC – Contributions / Donations
450 MISC – Dues & Subscriptions
460 MISC – Insurance – Auto & General
470 MISC – Office Supplies & Expense
480 MISC – Postage
490 MISC – Misc. Taxes & Licenses

500 OUTSIDE SERVICES
510 O / S – Advertising Expense
520 O / S – Legal Fees
530 O / S – Accounting
540 O / S – Consultant Fees
550 O / S – Promotional Expense
560 O / S – Recruiting Fees
570 O / S – Contract Labor
580 O / S – Janitorial Service
590 O / S – Security

600 RENTALS & LEASES
610 RENTALS Office Rent
620 RENTALS Equipment Rental
630 RENTALS Office Equipment
640 RENTALS Vehicle Leases

700 FACILITIES
710 FAC – Telephone & Fax
720 FAC – Utilities
730 FAC – Electricity
740 FAC – Water
750 FAC – Repairs – Building
760 FAC – Repairs – Office Equipment
770 FAC – Real Estate Taxes

800 NON – CASH EXPENSES
810 DDA – Amortization – Leasehold Improvements
820 DDA – Amortization – Intangible Assets
830 DDA – Depreciation – Buildings

900 NON – OP INCOME
910 Interest Income
920 Gain ( Loss ) on Sale of Investments
930 Other Miscellaneous Income

So to sum up this angle you are taking. It's pure bogus nonsense & 100% hyperbole.