"For the three months ended June 30, 2015, our general and administrative expenses increased by $281,985 compared to the three months ended June 30, 2014, which was primarily due to (i) an increase of $234,939 in non-cash share based compensation charged to expense, which was mainly due to vested stock options we granted in 2014 to our directors and contractors; and (ii) an increase of foreign exchange loss of $51,253. We also received $90,000 during this quarter from one of our joint venture partners in accordance with a Farmout Agreement to offset some of our monthly operational expenses. After adjusting for the non-cash items listed above, our general and administrative expenses were $179,743 for the three months ended June 30, 2015 compared to $184,231 for the three months ended June 30, 2014"
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