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Re: jjj373 post# 29232

Wednesday, 06/29/2011 4:32:45 PM

Wednesday, June 29, 2011 4:32:45 PM

Post# of 43775
What's got me guessing is the "General and Administrative" expense line item on page 15 of report. G&A is $2,170,500 and is usually a subset of SG&A number or total direct and indirect cost of selling to generate revenue. The "S" details are in the report but no real breakdown of what's in the G&A numbers; side note on rent being $60,000 in other places of report so where's the other expenses ($2,100,000) for a company with one employee left on payroll and the execs not receiving actual pay but accrued! Anyway the delta between the G&A and revenue is $52,450 so they spent $2.27M to make $52K. Oh wait, maybe you can put your cost of selling stock in the SG&A and not your company's products...Which is this company focused on selling?