Company: DSNY
Filing Date: 2025-04-14
Form Type: 10-Q
Source: 0001062993-25-007398
Chunk: 56

Company: DESTINY MEDIA TECHNOLOGIES INC
Filing Date: 2025-04-14
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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 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$152,217 $250,120  (97,903) (39.1%) Advertising and marketing 10,444  22,430  (11,986)  (53.4%) Rent 8,962  10,858  (1,896) (17.5%) Telecommunications 300  1,593  (1,293) (81.2%) Total sales and marketing expenses$171,923 $285,001  (113,078)  (39.7%) 

Sales and marketing expenses declined as the Company restructured its business development group, leading to a reduction in overall staffing. Looking ahead, the Company expects to increase these expenditures