PRIME ACQUISITION CORP | CIK:0001485922 | 3

  • Filed: 5/2/2018
  • Entity registrant name: PRIME ACQUISITION CORP (CIK: 0001485922)
  • Generator: Novaworks Software
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1485922/000168316818001159/0001683168-18-001159-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1485922/000168316818001159/pacqf-20171231.xml
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  • ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory

    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)