Over the same period, General and Administrative expenses were EUR 4.5 million for first half 2019, a decrease of EUR 1.0 million compared to first half 2018, driven primarily by the decrease of non-cash expense
associated with the vesting of warrants and by lower consulting fees for the period.
Stock-based compensation expense is a non-cash expense
that is affected by changes in market factors including the price of Cypress' common shares, which are not within the control of management.
The vast majority of this tax provision will be a non-cash expense
until the company fully utilizes its net operating losses.
The second quarter of 2019 operating loss includes $1.9 million in non-cash stock based compensation expense, $1.0 million in non-cash expense
related to the upfront stock issuance for the UCSF Klotho license agreement, $1.0 million in non-cash change in fair value of contingent consideration and $0.6 million of non-cash rent expense related to the new South San Francisco lease agreement.
In a nutshell, amortisation is a non-cash expense
where the cost of an 'asset' - a player - is written off over the length of his contract.
The most common mistakes for companies starting business in terms of working capital evaluation are: 1) Not allocating a single QR to a working capital need, thinking the only investment required is the purchase of the fixed assets and the payment of the first month's of salary: "I have already people interested in my product, why we will not get the sales?" 2) More conservative approach, in addition of the amount of fixed assets and other investments, to allocate capital to fund a working capital need based on a rule of thumb of six months of the operating result being the revenues minus operating expenses (not including any non-cash expense
as the depreciation).
The company said the third quarter loss includes a USD272,961 non-cash expense
recorded in respect of share options granted during 2018 as well as USD184,890 of expenditures related to developing its telemedicine platform and upgrading its SIAscope technology.
The firm said that, income tax expense for the second quarter alone amounted to P710 million due mainly to the utilization of the company's deferred tax assets, which is a non-cash expense
Additionally, an adjustment was made to operating expenses related to the new GASB guidance for the standard retirement age, resulting in a $24.7 million increase in operating expenses; the GASB adjustment is a non-cash expense
. All of the above contributed to a 14.3% reduction in CFADS in 2017 to $33.2 million.
It is a non-cash expense
, so if you take it away, it is a $200,000 loss," she said.
The 2016 net loss included a non-cash expense
of $566.3 million for impairments.
Excluding the impact of non-cash expense
, research and development (R&D) expenses of USD1.94m was reported for the first quarter ended 30 September 2017, a rise over R&D of USD676,892 for the same period in the prior year.