Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. OWC Pharmaceutical Research Corp. (OWCP) Message Board

I was under the impression that they were all bein

Message Board Public Reply | Private Reply | Keep | Replies (2)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 15624
(Total Views: 492)
Posted On: 04/19/2017 10:48:00 PM
Avatar
Posted By: Triple9
Re: HumanBeing #7539
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:

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?


(0)
(0)




OWC Pharmaceutical Research Corp. (OWCP) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us