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, 2023
Notes and other explanatory information [abstract]  
GENERAL AND ADMINISTRATIVE EXPENSES

NOTE 26 — GENERAL AND ADMINISTRATIVE EXPENSES

 

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

 

    2023     2022     2021  
    Years Ended December 31,  
    2023     2022     2021  
Salaries, wages, bonuses, and other benefits   $ 10,637,715     $ 8,909,585     $ 4,197,397  
Professional and consulting fees     6,334,152       2,284,436       660,117  
Marketing     2,844,825       1,917,377       73,277  
Insurance     1,337,151       713,481          
Other     1,422,394       846,112       1,151,991  
Provision for doubtful debts     2,821,611       1,509,486       (39,108 )
Stock-based compensation     532,466       1,308,784       293,837  
Utilities     914,546       952,056       142,019  
Travel     980,317       851,139       13,356  
Development charges     879,438       847,068       456,180  
Rent expense     401,307       351,730       250,994  
Repairs and maintenance     399,605       304,938       11,144  
Athletic program expenses     398,896       277,602       -  
Total general and administrative expenses   $ 29,904,423     $ 21,073,794     $ 7,211,204