Kudos to management for reducing the payrolls and
Post# of 72440
Posted On: 09/13/2016 3:54:26 PM
Kudos to management for reducing the payrolls and bonuses during this difficult time.
"Fiscal 2016 compared to Fiscal 2015 - Officers' payroll and payroll tax expenses decreased during fiscal 2016 primarily related to a decrease in bonus paid. The officers’ payroll and payroll tax expenses represented one officer’s annual payroll and payroll tax expenses and 10% of payroll and payroll tax expenses paid for Mr. Menon. The Company recorded 90% of annual payroll paid to Mr. Menon and his payroll tax expenses under Research and Development Expense."
Officers' payroll and payroll tax expenses: $528,000 (2016), $801,000 (2015).
https://www.sec.gov/Archives/edgar/data/13552...k.htm#ITEM
"Fiscal 2016 compared to Fiscal 2015 - Officers' payroll and payroll tax expenses decreased during fiscal 2016 primarily related to a decrease in bonus paid. The officers’ payroll and payroll tax expenses represented one officer’s annual payroll and payroll tax expenses and 10% of payroll and payroll tax expenses paid for Mr. Menon. The Company recorded 90% of annual payroll paid to Mr. Menon and his payroll tax expenses under Research and Development Expense."
Officers' payroll and payroll tax expenses: $528,000 (2016), $801,000 (2015).
https://www.sec.gov/Archives/edgar/data/13552...k.htm#ITEM
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