Replies to post #11056 on Speedemissions Inc. (SPMI)

[Lazarus]

well, if you look at the last Q you will see General and Administrative Expenses running ~ $506,000

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Examples of general and administrative expenses include building rent, consultant fees, depreciation on office equipment, insurance, supplies, subscriptions, and utilities. Salary and benefits attributable to corporate management, as well as any legal staff, are also classified as general and administrative expenses. Expenditures for research and development are usually aggregated in a different expense category.


Read more: General And Administrative Expense (G&A) https://www.investopedia.com/terms/g/general-and-administrative-expenses.asp#ixzz5GLa95Vpi
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When you spread that amount over 21 operating smog stations and do the math -- it only comes out to around $8k per mo -- per station.

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Anyway - no worries. Suggest you sell if you own shares and certainly don't buy any if you don't