RDAR — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2019-06-14

• General and Administrative. In the course of our operations, we incur operating expenses composed primarily of computer and internet expenses, professional fees, payroll, and other general and administrative costs. General and administrative expenses are essentially the cost of doing business, and e…

• Professional Fees. We expect to continue to incur professional fees in relation to maintaining our public reporting status with the Securities and Exchange Commission. During the period ended June 30, 2016, we incurred $187,494 in professional fees as compared to $22,043 for the period ended June 30…

• Salaries and Wages. As of June 30, 2016, we had no employees. Salaries and wages expensed during the quarters ended June 30, 2016 and 2015 were zero and zero, respectively.

• Interest Expense. During the three months ended June 30, 2016, we incurred $366,177 of interest expense related to our notes payable. In the period ended June 30, 2015, interest expense was $22,043.

• Change in Fair Value of Derivatives. During the three months ended June 30, 2016, we recorded a loss of $116,780 related to the change in the fair value of our derivative liability. The significant change in the derivative liability was attributed to the decreased difference between the closing mark…

Text removed vs the prior filing · source: 10-Q · 2019-06-14

• Executive Compensation. Executive compensation accrued to our corporate officers and directors was $24,000 during the three months ended September 30, 2016 and $24,000 in the comparable period ended September 30, 2015.

• General and Administrative. In the course of our operations, we incur operating expenses composed primarily of computer and internet expenses, professional fees, payroll, and other general and administrative costs. General and administrative expenses are essentially the cost of doing business, and e…

• Professional Fees. We expect to continue to incur professional fees in relation to maintaining our public reporting status with the Securities and Exchange Commission. During the period ended September 30, 2016, we incurred $22,587 in professional fees as compared to $86,869 for the period ended Sep…

• Salaries and Wages. As of September 30, 2016, we had no employees. Salaries and wages expensed during the quarters ended September 30, 2016 and 2015 were zero and zero, respectively.

• Interest Expense. During the three months ended September 30, 2016, we incurred $143,564 of interest expense related to our notes payable. In the period ended September 30, 2015, interest expense was $137,204.