$40K/year on average, in SF. To say nothing of bandwidth, rent etc.
I'd guess they are capitalizing ongoing costs to make themselves look better. (Which is how a former employer operated, it usually does'nt end happily). Not sure if it's fraudulant. Depends on the details.
Uhh . . . these are quarterly numbers. That's an average of $160,000 per year per employee (assuming every penny went to salaries, which of course, can't happen. But still.)