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These excerpts taken from the MNKD 10-K filed Mar 14, 2008. General
and administrative expenses
The following table provides a comparison of the general and
administrative expense categories for the years ended
December 31, 2006 and 2005 (dollars in thousands):
General and administrative expenses for the year ended
December 31, 2006 increased as compared to the year ended
December 31, 2005. Salaries, employee related and other
general expenses increased primarily due to increased headcount
and administrative services. The increase in stock-based
compensation expense was due to the adoption of SFAS 123R
on January 1, 2006 as compared to the stock-based
compensation benefit in 2005 that resulted from the fluctuation
of our stock price on stock options that were repriced in
November 2003.
General and administrative expenses The following table provides a comparison of the general and administrative expense categories for the years ended December 31, 2006 and 2005 (dollars in thousands):
General and administrative expenses for the year ended December 31, 2006 increased as compared to the year ended December 31, 2005. Salaries, employee related and other general expenses increased primarily due to increased headcount and administrative services. The increase in stock-based compensation expense was due to the adoption of SFAS 123R on January 1, 2006 as compared to the stock-based compensation benefit in 2005 that resulted from the fluctuation of our stock price on stock options that were repriced in November 2003. This excerpt taken from the MNKD 10-K filed Mar 16, 2007. General
and administrative expenses
The following table provides a comparison of the general and
administrative expense categories for the years ended
December 31, 2005 and 2004 (dollars in thousands):
General and administrative expenses for the year ended
December 31, 2005 increased as compared to the year ended
December 31, 2004. Increased administrative services
resulted in increased headcount, compensation adjustments and
other employee related expenses. Additionally, litigation,
public company compliance (including the Sarbanes-Oxley Act) and
our establishment of a marketing function in 2005 increased both
professional fees and consulting expenses. Offsetting increases
to general and administrative expenses for these periods was a
decrease in stock-based compensation expense resulting from the
effect of the fluctuation of our stock price on the valuation of
stock options that were repriced in November 2003.
This excerpt taken from the MNKD 10-K filed Mar 16, 2006. General
and administrative expenses
The following table provides a comparison of the general and
administrative expense categories for the years ended
December 31, 2004 and 2003 (dollars in thousands):
General and administrative expenses for the year ended
December 31, 2004 decreased compared to the year ended
December 31, 2003. The decrease was primarily due to
transition and severance expenses resulting from the
consolidation in 2003 of our California operations into our
Valencia, California facility and reduction of our California
workforce, offset by an increase in 2004 in non-cash stock-based
compensation expense.
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