(Total Views: 276)
Posted On: 04/18/2017 1:13:57 PM
Post# of 15624
I wasn't happy about the amount of funds spent on general and administrative versus R&D.
"we incurred a net loss of $2,287,329 due principally to general and administrative expenses of $2,006,216 and research and development expenses of $141,858"
Rent is low. They only general and administrative cost they have are staffing.
So, did they just pay themselves $2 Million in bonuses in 2016?!?!
Hope I'm missing something, because that's how I'm reading this.
"we incurred a net loss of $2,287,329 due principally to general and administrative expenses of $2,006,216 and research and development expenses of $141,858"
Rent is low. They only general and administrative cost they have are staffing.
So, did they just pay themselves $2 Million in bonuses in 2016?!?!
Hope I'm missing something, because that's how I'm reading this.
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