Replies to post #13816 on US Stem Cell Inc (USRM)

[Dragon Lady]

Quote: "Ok. How much is the ACTUAL amount of "cash" that Mike Tomas was given in "cash" compensation in 2014>?"

Do the math.

Here's his compensation PER THE COMPANY'S SEC FILING- cite any other information contrary to their own SEC filings. Since he got a very large raise in mid 2014 one will obviously have to use prorated calculations in their math to compute the 2013 pay rate up until mid 2014 when the large raise was given- and then compute the remaining amount for 2014 post the pay increase.

From the last filed 10-Q, PAGE 23:

"Employment agreements
On July 28, 2014, the Company’s Board of Directors approved the 2014/2015 salary for Mike Tomas, Chief Executive Officer, at $525,000 per year, beginning July 1, 2014 with an incentive bonus ranging from $150,000 to $500,000. In addition, the Board of Directors will grant Mr. Tomas options to be determined on or before June 30, 2015. The Company’s Board of Directors approved a bonus of $500,000 and options to acquire 10,000,000 shares of the Company’s common stock for ten years with four year vesting and a cashless exercise provision at an exercise price equal to the five day average closing price of the Company’s common stock as of August 1, 2014. The cash bonus may be paid in the form of a six month promissory note."

Given that raise in mid 2014, the base pay rate alone at present (THAT HE COLLECTS EACH MONTH) is:

$525,000 / 12 = $43,750 per month he receives in base pay alone since July 1, 2014. Then add in the bonus amounts etc. Simple math.

All in the SEC filings - and the "marketing, general, admin" expense line of course can be seen increasing massively at the same time as the Tomas and Comella large base pay raises and bonuses were issued- as one would expect from an accounting standpoint.

See PAGE 5, same 10-Q filing (most recent) "Condensed Statement of Operations". Salaries and bonuses of course per standard accounting are entered and listed under the expense line entry titled:
"Marketing, general and administrative"

It's all there, just read the SEC filing, the latest filed 10-Q.