Posted by: player1234 Date: Monday, March 16, 2009 8:06:18 PM
In reply to: tkc who wrote msg# 176434 Post # of 176475
The 10K is out today and it staves off the executive compensation issues until the proxy. This is normal for Wave.
"Information regarding executive compensation will appear in Wave's Proxy Statement for the 2009 Annual Meeting of Stockholders, to be filed pursuant to Regulation 14A on or before April 30, 2009, under the caption "Executive Compensation." Such information is incorporated herein by reference. "
The 10k can be found at
xml.10kwizard.com
According to the 10K, only $500,000 of the overall $4.4 million increase in AP is due to payroll. A $3.8 million increase, $4.5 million total, is payable to traditional sources (i.e. vendors).
(6) Accounts Payable and Accrued Expenses
Accounts payable and accrued expenses as of December 31 consisted of the following:
2008 2007
Accounts payable
$ 4,513,954 $ 747,737
Accrued consulting and professional fees
589,202 405,289
Accrued payroll and related costs
1,945,735 1,433,417
State & local taxes payable
225,798 296,784
Accrued software licenses
162,500 162,500
Other accrued expenses
218,645 207,593
Total accounts payable and accrued expenses
$ 7,655,834 $ 3,253,320 |
