Telix QSAM Inc (QSAM)

[BuddyWhazhizname]

Sept. 30/16: TOTAL CURRENT ASSETS $5,737
TOTAL CURRENT LIABILITIES $1,818,226

EXPENSES
For the nine months ended September 30, 2016

Payroll.............................$512,561
Professional fees....................692,416
Research and development.............355,884
Other, general and administrative....166,492

Total Expenses.....................1,727,353


I.e., even when their ONLY business was R&D, only 20.6% of the spending went into R&D.

Q2P's business plan going forward is still the same: raise money from investors and steer as much as possible to insiders.