| Components of General and Administrative Expenses |
The following table presents the Company's general and administrative expenses for the three and six months ended June 30, 2026 and 2025.
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Three Months
Ended
June 30, |
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Three Months
Ended
June 30, |
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Six Months
Ended
June 30, |
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Six Months
Ended
June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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General and administrative expenses: |
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Marketing and investor relations |
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$ |
455,093 |
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$ |
269,277 |
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$ |
629,776 |
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$ |
379,580 |
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Office and administrative costs |
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525,656 |
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61,998 |
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747,544 |
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211,138 |
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Insurance |
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327,370 |
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270,773 |
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568,670 |
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538,904 |
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Professional fees |
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1,032,125 |
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653,518 |
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1,924,719 |
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1,161,305 |
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Regulatory fees |
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498,163 |
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223,664 |
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720,916 |
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313,594 |
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Salaries and benefits |
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766,031 |
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723,043 |
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1,642,265 |
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1,301,473 |
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Stock-based compensation |
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1,356,314 |
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759,084 |
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2,334,377 |
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1,291,705 |
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Travel |
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121,140 |
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16,706 |
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242,466 |
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43,429 |
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Director fees |
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180,000 |
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135,989 |
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315,000 |
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320,989 |
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Total |
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$ |
5,261,892 |
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$ |
3,114,052 |
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$ |
9,125,733 |
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$ |
5,562,117 |
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