Cytomedix (GTF)

General and Administrative Expenses

General and administrative expenses fell $34,000 (8%) to $413,000 comparing the three months ended March 31, 2009, to the same period last year. The decrease was primarily due to lower equity-based compensation ($68,000), patent amortization ($38,000) as the Company wrote-off the remaining value of its patents in the fourth quarter of 2008, and recruiting fees ($37,000), partly offset by increased travel expenses ($61,000), director fees ($23,000), and various other expenses.

General and Administrative Expenses

General and administrative expenses rose $291,000 (18%) to $1,930,000 comparing the year ended December 31, 2008, to the same period in the previous year. Increases in marketing ($137,000), travel ($124,000), recruiting fees ($58,000), and various other expenses, were partially offset by decreases in non-cash equity-based compensation to Directors and service providers ($143,000), and NYSE Amex filing fees ($39,000).

General and Administrative Expenses

General and administrative expenses rose $291,000 (18%) to $1,930,000 comparing the year ended December 31, 2008, to the same period in the previous year. Increases in marketing ($137,000), travel ($124,000), recruiting fees ($58,000), and various other expenses, were partially offset by decreases in non-cash equity-based compensation to Directors and service providers ($143,000), and NYSE Amex filing fees ($39,000).

General and Administrative Expenses

General and administrative expenses rose $291,000 (18%) to $1,930,000 comparing the year ended December 31, 2008, to the same period in the previous year. Increases in marketing ($137,000), travel ($124,000), recruiting fees ($58,000), and various other expenses, were partially offset by decreases in non-cash equity-based compensation to Directors and service providers ($143,000), and NYSE Amex filing fees ($39,000).

General and Administrative Expenses

General and administrative expenses rose $291,000 (18%) to $1,930,000 comparing the year ended December 31, 2008, to the same period in the previous year. Increases in marketing ($137,000), travel ($124,000), recruiting fees ($58,000), and various other expenses, were partially offset by decreases in non-cash equity-based compensation to Directors and service providers ($143,000), and NYSE Amex filing fees ($39,000).

General and Administrative Expenses

General and administrative expenses rose $291,000 (18%) to $1,930,000 comparing the year ended December 31, 2008, to the same period in the previous year. Increases in marketing ($137,000), travel ($124,000), recruiting fees ($58,000), and various other expenses, were partially offset by decreases in non-cash equity-based compensation to Directors and service providers ($143,000), and NYSE Amex filing fees ($39,000).

General and Administrative Expenses

General and administrative expenses rose $291,000 (18%) to $1,930,000 comparing the year ended December 31, 2008, to the same period in the previous year. Increases in marketing ($137,000), travel ($124,000), recruiting fees ($58,000), and various other expenses, were partially offset by decreases in non-cash equity-based compensation to Directors and service providers ($143,000), and NYSE Amex filing fees ($39,000).

General and Administrative Expenses

General and administrative expenses rose $5,000 (1%) to $483,000 and $345,000 (31%) to $1,473,000 comparing the three and nine months ended September 30, 2008, to the same periods last year.

The change for the three month period was nominal.

For the nine month period, the increase was primarily due to increased recruiting fees ($94,000), travel ($79,000), and employee benefits ($35,000) driven by more employees, higher marketing costs ($83,000), and minor increases in various other expenditures, partially offset by reduced equity-based compensation to the Board of Directors and outside service providers ($58,000).

General and Administrative Expenses

General and administrative expenses rose $253,000 (87%) to $543,000 and $340,000 (52%) to $990,000 comparing the three and six months ended June 30, 2008, to the same periods last year.

For the three month period, the increase was primarily due to increased equity-based compensation to the Board of Directors and outside service providers ($50,000), increased marketing expense ($45,000), increased travel expense related to sales, business development, and investor relations efforts ($30,000), increased personnel placement fees ($24,000), increased insurance expense ($22,000) as the Company recorded a refund in 2007, and minor increases in various other expenditures.

For the six month period, the increase was primarily due to increased equity-based compensation to the Board of Directors and outside service providers ($66,000), increased marketing expense ($62,000), increased personnel placement fees ($52,000), increased travel expense related to sales, business development, and investor relations efforts ($34,000), increased administrative support services ($26,000), and minor increases in various other expenditures.

General and Administrative Expenses

General and administrative expenses rose $88,000 (24%) to $447,000 comparing the three months ended March 31, 2008, to the same period last year. The increase was primarily due to higher personnel placement fees ($28,000), investor services fees ($28,000), and marketing services ($17,000).

General and Administrative Expenses

General and administrative expenses fell $544,000 (26%) to $1,551,000 comparing the year ended December 31, 2006, to the same period in the previous year. The decrease was due primarily to decreases in equity-based compensation ($297,000), travel related expenditures ($163,000), AMEX filing fees ($52,000), investor services ($43,000), and depreciation of fixed assets ($35,000), partially offset by increases in marketing related activities ($30,000).

General and Administrative Expenses

General and administrative expenses fell $544,000 (26%) to $1,551,000 comparing the year ended December 31, 2006, to the same period in the previous year. The decrease was due primarily to decreases in equity-based compensation ($297,000), travel related expenditures ($163,000), AMEX filing fees ($52,000), investor services ($43,000), and depreciation of fixed assets ($35,000), partially offset by increases in marketing related activities ($30,000).

General and Administrative Expenses

General and administrative expenses fell $40,000 (12%) to $290,000 and $71,000 (10%) to $650,000 comparing the three and six months ended June 30, 2007, respectively, to the same periods last year.

For the three month period, the decrease was primarily due to lower bad debt expense ($55,000) as a result of lower sales and improved collections efforts, lower depreciation ($17,000) as the Company has been able to utilize its existing inventory of centrifuges without replacement, and lower franchise tax fees ($12,000). These decreases were partially offset by increases in equity-based compensation ($30,000) to the Company’s directors and outside service providers and higher insurance expense ($22,000).

For the six month period, the decrease was primarily due to lower bad debt expense ($40,000) as a result of lower sales and improved collections efforts, lower depreciation ($35,000) as the Company has been able to utilize its existing inventory of centrifuges without replacement, and smaller reductions in several other expense accounts. These decreases were partially offset by higher insurance expense ($22,000), and higher retirement plan match expense ($20,000).

General and Administrative Expenses

General and administrative expenses fell $31,000 (8%) to $360,000 comparing the three months ended March 31, 2007 to the same period last year. The decrease was due primarily due to decreases in equity-based compensation ($24,000).

General and Administrative Expenses

General and administrative expenses rose $37,000 (8%) to $478,000 and fell $34,000 (3%) to $1,128,000 comparing the three and nine months ended September 30, 2007, respectively, to the same periods last year. The changes were nominal.

General and Administrative Expenses

General and administrative expenses fell $149,000 (26%) to $423,000 and $667,000 (38%) to $1,106,000 comparing the three and nine months ended September 30, 2006, respectively, to the same periods last year.

For the three month period, the decrease was due primarily due to decreases in equity-based compensation to the board of directors and outside service providers ($156,000).

For the nine month period, the decrease was due primarily to decreases in equity-based compensation to the board of directors and outside service providers ($417,000), reduced travel related expenditures ($117,000), reduced AMEX filing fees ($52,000), and reduced investor services ($51,000), partially offset by increases in marketing related activities ($46,000).

General and Administrative Expenses

General and administrative expenses fell $528,000 (63%) to $311,000 and $518,000 (43%) to $683,000 comparing the three and six months ended June 30, 2006, respectively, to the same periods last year.

For the three month period, the decrease was due primarily due to decreases in equity-based compensation to the board of directors and outside service providers ($322,000) and reduced travel related expenditures ($91,000).

For the six month period, the decrease was due primarily to decreases in equity-based compensation to the board of directors and outside service providers ($261,000), reduced travel related expenditures ($108,000), reduced AMEX filing fees ($55,000), and reduced personnel placement fees ($30,000).

General and Administrative Expenses

General and administrative expenses rose $10,000 (3%) to $372,000 comparing the three months ended March 31, 2006 to the same period last year. The increase was primarily due to an increase in non-cash equity-based compensation for the service providers and the board of directors ($61,000), partially offset by decreased travel related costs and American Stock Exchange filing fees.

General and Administrative Expenses

General and administrative expenses fell $617,000 (23%) to $2,095,000 comparing the year ended December 31, 2005 to the same period in 2004.

The decrease was primarily due to a decrease in non-cash equity-based compensation for the board of directors and outside service providers ($619,000).

General and Administrative Expenses

General and administrative expenses fell $53,000 (15%) to $295,000 and $133,000 (17%) to $630,000 comparing the three and six months ended June 30, 2007, respectively, to the same periods last year.

For the three month period, the decrease was primarily due to lower bad debt expense ($55,000) as a result of lower sales and improved collections efforts, decreased equity-based compensation ($19,000) to an outside service provider, lower depreciation ($17,000) as the Company has been able to utilize its existing inventory of centrifuges without replacement, and lower franchise tax fees ($12,000). These decreases were partially offset by increases in equity-based compensation ($32,000) to the Company’s directors and higher insurance expense ($22,000).

For the six month period, the decrease was primarily due to decreased equity-based compensation ($113,000) to an outside service provider, lower bad debt expense ($40,000) as a result of lower sales and improved

General and Administrative Expenses

General and administrative expenses fell $80,000 (19%) to $335,000 comparing the three months ended March 31, 2007 to the same period last year. The decrease was due primarily due to decreases in equity-based compensation to an outside service providers ($63,000) due to the expiration of a contract that was not renewed.

General and Administrative Expenses

General and administrative expenses rose $98,000 (17%) to $670,000 and fell $378,000 (21%) to $1,395,000 comparing the three and nine months ended September 30, 2006, respectively, to the same periods last year.

For the three month period, the increase was due primarily due to increases in equity-based compensation to the board of directors and outside service providers ($98,000). Beginning in 2006, equity-based compensation for the board of directors is calculated using the fair value method per current accounting guidance.

For the nine month period, the decrease was due primarily to decreases in equity-based compensation to the board of directors and outside service providers ($122,000), reduced travel related expenditures ($117,000), reduced AMEX filing fees ($52,000), and reduced investor services ($51,000), partially offset by increases in marketing related activities ($46,000).

General and Administrative Expenses

General and administrative expenses fell $484,000 (59%) to $330,000 and $475,000 (40%) to $725,000 comparing the three and six months ended June 30, 2006, respectively, to the same periods last year.

For the three month period, the decrease was due primarily due to decreases in equity-based compensation to the board of directors and outside service providers ($304,000) and reduced travel related expenditures ($91,000).

For the six month period, the decrease was due primarily to decreases in equity-based compensation to the board of directors and outside service providers ($220,000), reduced travel related expenditures ($108,000), reduced AMEX filing fees ($55,000), and reduced personnel placement fees ($30,000).

General and Administrative Expenses

General and administrative expenses rose $34,000 (9%) to $396,000 comparing the three months ended March 31, 2006 to the same period last year. The increase was primarily due to an increase in non-cash equity-based compensation for the service providers and the board of directors ($84,000), partially offset by decreased travel related costs and American Stock Exchange filing fees.