![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, April 10, 2015 2:17:44 PM
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Selling, General and Administrative expenses were $797,463 for the September 30, 2014 period, compared to $47,659 for the September 30, 2013 period. This change in selling, general and administrative expenses for the nine months ended September 30, 2014 was primarily due to payments made under the Amended Subscription Agreement associated with our proposed acquisition of IHMML (the “Subscription Agreement”) and increased accounting, legal services and compliance fees. The Company had a net loss of $47,638,046 for the September 30, 2014 period compared to a net loss of $53,408 for the September 30, 2013 period. The increase in net loss for the nine month period ended September 30, 2014 is due to the payments owed under the Subscription Agreement and increased accounting, legal and compliance fees."
From 10-q filed 11/14/14 part 5 and also part 6/7 elaborate further on the payment for services via shares....
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