Company: DSNY
Filing Date: 2025-04-14
Form Type: 10-Q
Source: 0001062993-25-007398
Chunk: 10

Company: DESTINY MEDIA TECHNOLOGIES INC
Filing Date: 2025-04-14
Form: 10-Q
Item: Part I, Item 2
Chunk 10
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 had the Company not capitalized software for the three months ended February 28, 2025 and February 29, 2024.

  Three Months Ended   February 28, 2025  February 29, 2024 Net loss for the period$(302,094)$(130,012)Capitalized software under development (110,058) (102,780)Adjustment to amortization for capitalized software 179,111  79,046 Adjusted net loss for the period$(233,041)$(153,746)

15

  Three Months Ended       General and administrative expenses February 28,2025  February 29,2024  $ Change  % Change  Wages and benefits$82,531 $90,829  (8,298) (9.1%) Professional fees 245,748  19,286  226,462  1174.2% Office and miscellaneous 29,802  24,251  5,551  22.9% Shareholder relations 31,664  41,790  (10,126) (24.2%) Rent 4,979  8,991  (4,012) (44.6%) Foreign exchange loss (gain) (17,052) 7,550  (24,602) (325.9%) Telecommunications 1,349  1,206  143  11.9% Bad debt 2,962  (2,589) 5,551  (214.4%) Other 12,907  13,941  (1,034) (7.4%) Total general and administrative expenses$394,890 $205,255  189,635  92.4% 

General and administrative expenses remained consistent with expectations, with a notable increase in professional fees. This increase is due to litigation-related costs.  These costs represent the final stages of this litigation, and the Company expects  a successful outcome. The Company also expects a  cost award that will offset a portion of these expenses.

  Three Months Ended       Sales and marketing expenses February 28,2025  February 29,2024  $ Change  % Change Wages and benefits$