SwingTrade Member Forum

[MikeDDKing]

Also, UCIA had some one-time expenses in fiscal Q2. From the 10-Q:

"Our G&A expenses were $3,423,641 and $6,738,060 in the three and six month periods ended March 31, 2010 compared to $3,079,675 and $6,240,129 in the same periods in 2009. The overall increase in our G&A expenses between the three and six month periods ended March 31, 2010 compared to the same periods in 2009 of $343,966, or 11.17%, and $497,931, or 7.98%, respectively, was the result of several factors. The overall increase was primarily due to the increase in compensation expense during the three and six month periods ended March 31, 2010 of $312,803 and $295,357, respectively. The increases in compensation expense related to the addition of several corporate employees during the fourth quarter of 2009 and bonuses paid to non-executive employees during the six month period ended March 31, 2010. In addition, G&A expenses generally increased during the three and six month period ended March 31, 2010 due to the relocation of our corporate headquarters. As a result, maintenance and utilities, taxes and insurance and communications expenses increased, in aggregate, $69,643 and $116,246, respectively, and depreciation expense increased $70,916 and $160,386, respectively. "