General and administrative (G&A) expenses for the second quarter of 2012 were $13.7 million, an increase of $5.7 million from the first quarter of 2012, primarily due to Columbus labor force salary, training and related pre-startup expenses, and $1.3 million higher non-cash stock-based compensation. Year-over-year expenses increased $6.6 million from the second quarter of 2011, mainly driven by higher Columbus related expenses, and $1.0 million higher non-cash stock-based compensation expense, partially offset by lower consulting expenses.Depreciation and amortization expenses for the second quarter of 2012 were $0.7 million, in line with depreciation and amortization expenses recorded in the first quarter of 2012 and $0.1 million higher than the second quarter of 2011.
KiOR Reports Second Quarter 2012 Results
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