Monday, April 27, 2015 12:39:34 PM
In that vein I reread the 10k on the weekend and found more stuff that doesn't make sense. For example:
"Selling, general and administrative expenses for the years ended December 31, 2014 and 2013 were $5,624,312 and $3,064,786, respectively, an increase of $2,559,526 or 83.5%. Included in the selling, general and administrative expenses for the year ended December 31, 2014 was $1,519,950 of non-cash stock compensation expense for the issuance by the Company of warrants and stock options to management, staff and consultants. Excluding this non-cash compensation expense from selling, general and administrative expenses, the year ending December 31, 2014 would result in a total of $4,104,362, respectively, a significant reduction in true selling, general and administrative expenses, excluding the non-cash charges." (bold italics added)
So if "cash" SG&A was $3,064,786 in 2013 and $4,104,362 in 2014 how can this represent a "significant reduction in true selling, general and administrative expenses."
Am I reading this wrong or is this more misleading excuse making crap?
FEATURED Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM