General and administrative expenses

12 Months Ended

Dec. 31, 2013

General and administrative expenses [Abstract]

12. General and administration expenses


	For the year ended
	Dec 31,2013		Dec 31,2012		Dec 31,2011
Staff salaries		2,020,970		1,493,475		1,360,582
Share based compensation (non-cash)		571,321		11,250		16,674
Office administration		590,518		245,477		466,550
Bank charges and foreign exchange		61,295		48,942		45,326
Auditors’ remuneration		870,394		109,517		96,720
Other professional fees		589,720		535,857		181,948
Other administration costs		965,717		530,621		431,231

		5,669,935		2,975,139		2,599,031

Of the above $721,375 related to costs in relation to ASCs initial public offering that were expensed as incurred. Audit remuneration for the year arises solely on fees incurred for independent audit services.