Leet Technology Inc (LTES)

[Fyreball27]

I'm confused--looks like a good report but some of the numbers seem a little wonky--

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I would also like to comment briefly on our general and administrative expenses as these financial statements are based on GAAP accounting principles. This increase would have been smaller except for we paid a settlement of $50,000 to an ex-employee as well as a preferred stock purchase agreement with myself for preferred, restricted, non-tradable stock in exchange for approximately $45,000 of debt owed to me by BDIC. This transaction was applied as an expense under general and administrative expenses at $350,000 but in reality didn't cost BDIC a single penny.. In quarters that we do not have similar one-time transactions we expect our general and administrative expenses to drop around 65% to around $125,000 to $150,000 per quarter for the foreseeable future.
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Can someone help me understand how adding the $50K settlement and the $45K debt comes up to a $350K general and administrative expense? And they are dropping the G&A to $125k to $150K per quarter without those expenses but my math only gets it to $350-$95K=$255K

Can someone help me understand this? Thanks!!