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

GENERAL AND ADMINISTRATIVE EXPENSES

v3.23.1
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