Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

GENERAL AND ADMINISTRATIVE EXPENSES

v3.25.1
GENERAL AND ADMINISTRATIVE EXPENSES
 12 Months Ended
Dec. 31, 2024
Notes and other explanatory information [abstract]  
GENERAL AND ADMINISTRATIVE EXPENSES

NOTE 27 — GENERAL AND ADMINISTRATIVE EXPENSES

 

General and administrative expenses for the years ended December 31, 2024, 2023 and 2022 include the following:

 

    2024     2023     2022  
    Years Ended December 31,  
    2024     2023     2022  
Salaries, wages, bonuses, and other benefits   $ 7,913,467     $ 10,637,715     $ 8,909,585  
Professional and consulting fees     6,086,252       6,334,152       2,284,436  
Marketing     1,427,727       2,844,825       1,917,377  
Insurance     1,013,482       1,337,151       713,481  
Other     464,325       1,422,394       846,112  
(Reversal)/provision for doubtful debts     (575,384 )     2,821,611       1,509,486  
Stock-based compensation     4,217,563       532,466       1,308,784  
Utilities     447,203       914,546       952,056  
Travel     195,641       980,317       851,139  
Development charges     811,583       879,438       847,068  
Rent expense     349,918       401,307       351,730  
Repairs and maintenance     11,373       399,605       304,938  
Athletic program expenses     81,343       398,896       277,602  
Total general and administrative expenses   $ 22,444,493     $ 29,904,423     $ 21,073,794