| SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES |
General
and administrative expenses for the years ended December 31, 2025, 2024 and 2023 include the following:
SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES
| |
|
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 |
|
|