| GENERAL AND ADMINISTRATIVE EXPENSES |
18. GENERAL AND ADMINISTRATIVE EXPENSES
The following table shows the major categories of general and administrative
expenses for the years end December 31, 2025 and 2024 and for the period from November 9, 2023 (inception) to December 31,2023.
| | |
For the year ended
December 31, | | |
For the
period from
November 9,
2023
(inception) to | |
| | |
2025 | | |
2024 | | |
2023 | |
| Audit and accounting* | |
$ | 319,342 | | |
$ | - | | |
$ | 5,000 | |
| Consulting fees | |
| 3,018,692 | | |
| 542,070 | | |
| 6,738 | |
| Director fees | |
| 482,333 | | |
| - | | |
| - | |
| Filing and listing fees | |
| 630,936 | | |
| - | | |
| - | |
| Insurance | |
| 1,053,620 | | |
| 4,822 | | |
| - | |
| Legal fees | |
| 2,828,970 | | |
| 7,500 | | |
| 299,726 | |
| Travel and subsistence | |
| 194,689 | | |
| 157,933 | | |
| 22,317 | |
| Other expenses | |
| 370,094 | | |
| 131,709 | | |
| - | |
| Other professional services | |
| 197,763 | | |
| 70,447 | | |
| - | |
| Payroll | |
| 926,203 | | |
| 900,935 | | |
| - | |
| Rent and lease | |
| 131,161 | | |
| 52,100 | | |
| - | |
| Stock based compensation | |
| 1,162,531 | | |
| - | | |
| - | |
| Value added tax | |
| 612,247 | | |
| 244,237 | | |
| - | |
| | |
$ | 11,928,581 | | |
$ | 2,111,753 | | |
$ | 333,781 | |
| * | Accounting and audit costs totaling $225,113 were expensed as incurred and classified as merger and acquisition expenses in 2024. |
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