I was under the impression that they were all being paid about $1,000 a month in 2014 and 2015, and that they increased that to $3,000 a month in 2016.
However, looking at the 10Ks more closely I found this:
What exactly is "non-cash compensation"?
Then I looked at the 2015 10K, in the same area, and found this:
If I'm doing the math correctly, that's $7,350,902 in "non-cash compensation" for the last 3 years. Versus $400,930 on R&D.
Non-cash compensation is medical benefits (nevermind, Israel has free healthcare), company cars, travel expenses, and what else?
However, looking at the 10Ks more closely I found this:
Quote:Our general and administrative expenses increased $626,187 during the year ended December 31, 2016 as compared during the year ended December 31,2015. The increase was due to a significant increase in non-cash compensation expense $1,097,650. During the year ended December 31, 2016, our research and development expenses decreased by $129,536 or 47.7% as compared to the same period in the prior year.
What exactly is "non-cash compensation"?
Then I looked at the 2015 10K, in the same area, and found this:
Quote:We have not generated any revenue during the years ended December 31, 2015 and 2014. We have operating expenses related to general and administrative expenses and research and development expenses. During the year ended December 31, 2015, we incurred a net loss of $1,654,988 due to general and administrative expenses of $1,380,029, research and development expenses of $271,394, interest expenses of $491 and expenses due to amortization of debt discount of $3,074 as compared to a net loss of $5,070,673 due to general and administrative expenses of $4,873,223, research and development expenses of $160,325, interest expenses of $3,185, interest income of $94 and amortization of debt discount of $34,034.
Our general and administrative expenses decreased by $3,493,194 or 72% during the year ended December 31, 2015 as compared to the same period in the prior year due to a significant decrease in non-cash compensation expense. During the year ended December 31, 2015, our research and development expenses increased by $111,069 or 69% as compared to the same period in the prior year.
If I'm doing the math correctly, that's $7,350,902 in "non-cash compensation" for the last 3 years. Versus $400,930 on R&D.
Non-cash compensation is medical benefits (nevermind, Israel has free healthcare), company cars, travel expenses, and what else?
