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Posted On: 04/19/2017 11:36:49 PM
Post# of 15624
Thanks for having critical thought here. I'm not that great at deciphering financial statements. Could some of that be categorized as "Professional Fees"?
From page 64
NOTE 9 - GENERAL AND ADMINISTRATIVE EXPENSES
US dollars
Year ended
December 31,
2016 2015
Salaries and related expenses 91,962 389,233
Professional fees (*) 1,725,065 732,467
Travel and expenses 25,685 67,787
Depreciation 9,686 9,123
Insurance 20,600 24,367
Other 133,218 157,052
2,006,216 1,380,029
(*) Including stock based compensation 1,468,859 371,209
Quote:
Non-cash compensation is medical benefits (nevermind, Israel has free healthcare), company cars, travel expenses, and what else?
From page 64
NOTE 9 - GENERAL AND ADMINISTRATIVE EXPENSES
US dollars
Year ended
December 31,
2016 2015
Salaries and related expenses 91,962 389,233
Professional fees (*) 1,725,065 732,467
Travel and expenses 25,685 67,787
Depreciation 9,686 9,123
Insurance 20,600 24,367
Other 133,218 157,052
2,006,216 1,380,029
(*) Including stock based compensation 1,468,859 371,209
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