The costs for the quarter are $1,687,027 greater, and the nine-month figure is $3,431,190 more, than was incurred during the corresponding periods ended September 30, 2010.
The largest single element of SG&A in each period is compensation costs that were paid through the issuance of the Company’s shares.
The total at September 30, 2011 was $4,541,393 including $1,620,875 which arose in the third quarter.
During the nine month period ended September 30, 2010 these compensation costs were $3,314,609 with only $301,589 having been incurred in the final three months.
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