Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

GENERAL AND ADMINISTRATIVE EXPENSES

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GENERAL AND ADMINISTRATIVE EXPENSES
 12 Months Ended
Dec. 31, 2022
GENERAL AND ADMINISTRATIVE EXPENSES

NOTE 25 — GENERAL AND ADMINISTRATIVE EXPENSES

 

General and administrative expenses for the years ended December 31, 2022 and 2021 include the following:

 

    2022     2021  
    Years Ended December 31,  
    2022     2021  
Salaries, wages, bonuses, and other benefits   $ 8,909,585     $ 4,197,397  
Professional and consulting fees     2,284,436       660,117  
Marketing     1,917,377       73,277  
Other     1,559,593       1,151,991  
Provision for doubtful debts     1,509,484       (39,108 )
Stock-based compensation     1,308,784       293,837  
Utilities     952,056       142,019  
Travel     851,139       13,356  
Development charges     847,068       456,180  
Rent expense     351,730       250,994  
Repairs and maintenance     304,938       11,144  
Athletic program expenses     277,604       —  
Total general and administrative expenses   $ 21,073,794     $ 7,211,204