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Message: Hey Doc! Down in the mouth again???

Hey Doc! Down in the mouth again???

posted on May 22, 2006 01:11PM
Regarding salaries, I am glad you have a day job instead of reading 10Qs for wages.

In the entire year for 2005 salaries were:

$136,785 for CEO and $80,625 for CFO of which over $8,000 was forgiven in August 2005 for a total of less than $217,410 salaries for the entire year of 2005.

The figure you used before in your last post was for the past nine months expenses ending March 31, 2006. That figure of $691,546 represents a monthly expense average of $76,838 of which $18,118 are salaries. There are facility costs (base rent is $4,850 per month), phone bills, staff wages, and LAWYERS. Lawyers, SB2 filing, 424 filing, etc. I am sure has represented the majority of expenses in the past eighteen months.

Source for above data: SB-2/A and 10Q.

Regards,

Kent

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