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

GENERAL AND ADMINISTRATIVE EXPENSES

v3.25.4
GENERAL AND ADMINISTRATIVE EXPENSES
 12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
GENERAL AND ADMINISTRATIVE EXPENSES

NOTE 28 — GENERAL AND ADMINISTRATIVE EXPENSES

 

General and administrative expenses for the years ended December 31, 2025, 2024 and 2023 include the following:

 

    2025     2024     2023  
    Years Ended December 31,  
    2025     2024     2023  
Salaries, wages, bonuses, and other benefits   $ 6,233,904     $ 7,645,095     $ 10,630,328  
Professional and consulting fees     7,798,374       5,923,530       6,281,371  
Marketing     2,188,579       1,418,186       2,821,845  
Insurance     1,111,164       1,013,213       1,330,582  
Other     675,915       445,398       1,355,592  
(Reversal)/provision for doubtful debts     (267,488 )     (578,225 )     2,764,577  
Stock-based compensation     7,574,295       4,217,563       532,466  
Utilities     241,250       424,940       896,588  
Travel     344,394       174,088       966,336  
Development charges     616,765       811,583       879,438  
Rent expense     275,574       317,493       384,185  
Repairs and maintenance     121,988       10,916       392,698  
Athletic program expenses     -       81,343       398,896  
Cost of Fund Raised     835,000       -       -  
Total general and administrative expenses   $ 27,749,714     $ 21,905,123     $ 29,634,902