SGA seem the same for 2016 and 2017......
Selling, General and Administrative Expenses . Selling, general and administrative expenses for the quarter ended June 30, 2016 were approximately $5.4 million, compared to approximately $3.4 million for the quarter ended June 30, 2015, an increase of approximately $2.1 million. The increase was primarily due to: (i) an approximately $1.2 million increase for consultants mostly paid in our common stock due to the appreciation in the market price; (ii) an approximately $674,000 increase for the newly hire employees along with the Blum employees; (iii) an approximately $392,000 increase in amortization of intangibles acquired with the Blum acquisition; (iv) an approximate $264,000 increase in director compensation; (v) an increase of $189,000 for accounting fees related to the acquisition of Black Oak; (vi) an increase of $67,000 in travel to our medical marijuana dispensaries in Nevada and California; (viii) an increase of $94,000 for security at the Blum Oakland dispensary; (ix) approximately $38,000 commissions paid to Edible Garden brokers: (x) advertising increased by $49,000; (xi) $53,000 for rent for additional space under lease; (xii) and $31,000 increase in additional insurance required to run the dispensaries. These increases were offset by: (i) an approximately $205,000 decrease in legal fees; (ii) an approximately decrease of $1.15 million for no warrants issued in the quarter ended June 30, 2016 versus the warrants issued in 2015.
Selling, general and administrative expenses for the three months ended September 30, 2016 were approximately $6.0 million, compared to approximately $2.1 million for the three months ended September 30, 2015, an increase of approximately $3.9 million or 286 percent. The increase was primarily due to: (i) an approximately $401,000 increase in amortization expense due to intangible assets acquired in the Black Oak Gallery acquisition (ii) an approximately $304,000 increase in depreciation for additional farm equipment used by Edible Garden, depreciation incurred at Black Oak Gallery and the assets placed in service at the MediFarm dispensaries; (iii) an approximately $2,262,000 increase in salaries and wages for the staff hired at the Black Oak Gallery and MediFarm dispensaries; (iv) an approximately $430,000 increase in consulting in connection with MediFarm’s, MediFarm I’s, and MediFarm II’s proposed cannabis business in Nevada; (v) an approximately $141,000 increase in security incurred at the Black Oak Gallery and MediFarm dispensaries;
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