That sounds like a lot. Hopefully they are improving on this. Oh wait, the Admins were taking $1,752,000 last quarter alone. Sounds like that expense is getting out of control. But let's move on."
to have a knack for exaggerating and providing misinformation ...
For the three months ended March 31, 2015, general and administrative expenses increased to $1,752,127 from $537,319 in the comparable period of 2014, an increase of $1,214,808 or 226%. The increase was primarily due to the overall increase in our operations, specifically investor relations expenses and personnel expenses. This increase also includes $405,000 in accrued cash settlement expenses. In 2015 we expect to reduce our general and administrative cost footprint to a minimum requirement.
Now, what part of that says "Admin" is paying themselves $1,752,000 ???
Also, ...
For the three months ended March 31, 2015, stock compensation expense increased to $3,941,118 from $319,304 in the comparable period of 2014, an increase of $3,621,814 or 1,134%. This increase was due to ongoing investor relation efforts and a settlement expense, to be paid in common stock and warrants valued at $3,363,485, as discussed in footnote 10 of the Notes to Condensed Consolidated Financial Statements.
Just in case you forgot, all but $577,633 is non-recurring !!
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