My apologies. Correction is 42.2%. As I was trying
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Posted On: 08/19/2020 9:38:01 AM
My apologies. Correction is 42.2%. As I was trying to remember 42% or 44% from reading the financials, my fat fingers slipped a 1 in there. Below is compensation excerpt from the quarterly financials.
Compensation, professional fees, and selling, general and administrative (collectively, “SGA”) expenses for the three months ended June 30, 2020 were $539,000 compared to $379,000 for the three months ended June 30, 2019, an increase of $160,000 or 42.2%. The increase was due primarily to an increase in employee stock-based compensation and professional fees. SG&A expenses consist primarily of salaries, benefits and overhead costs for executive and administrative personnel, insurance, fees for professional services, including consulting, legal, and accounting fees, plus travel costs and non-cash stock compensation expense for the issuance of stock options to employees and other general corporate expenses.
Compensation, professional fees, and selling, general and administrative (collectively, “SGA”) expenses for the three months ended June 30, 2020 were $539,000 compared to $379,000 for the three months ended June 30, 2019, an increase of $160,000 or 42.2%. The increase was due primarily to an increase in employee stock-based compensation and professional fees. SG&A expenses consist primarily of salaries, benefits and overhead costs for executive and administrative personnel, insurance, fees for professional services, including consulting, legal, and accounting fees, plus travel costs and non-cash stock compensation expense for the issuance of stock options to employees and other general corporate expenses.
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