Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

5. Other Expenses

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5. Other Expenses
 12 Months Ended
Dec. 31, 2017
Other Expenses  
Other Expenses

Note 5 — Other Expenses

 

Details of other expenses is shown in the table below:

 

    2017     2016*     2015*  
Rental costs   $ 24,012     $ –     $ 6,697  
Staff costs     249,624       252,850       201,423  
Sundry operating expenses     623,165       202,932       283,601  
Taxation on buildings     175,699       172,120       172,489  
Administrative and other expenses     157,315       153,930       834,640  
Maintenance expenses     260,287       260,156       244,221  
Insurance costs     24,838       120,949       122,492  
Legal expenses     84,886       128,166       356,775  
Professional fees     329,952       488,327       489,209  
Bank fees     15,919       26,407       22,023  
Licenses, registration & fees     6,346       7,411       5,821  
Non-employee stock based compensation     95,419       370,040       260,819  
Travel expense     28,534       62,317       70,848  
Total other expenses   $ 2,075,996     $ 2,245,605     $ 3,071,058  

  

*   Restated for discontinued operations (see note 9 — Discontinued Operations)