Company: DJTWW
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001140361-25-018209
Chunk: 9

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 2
Chunk 9
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 Research and development expense

        Research and development expense decreased $20,593.7, or 62%, to $12,564.9 for the three months ended March 31, 2025 compared to $33,158.6 for the three months ended March 31,
          2024. The decrease was primarily driven by lower stock-based compensation expense of $7,561.0 in the first quarter of 2025 compared to $30,142.5 of stock-based compensation expense recorded in the first quarter of 2024. The 2024 charge related to
          the issuance of convertible notes to certain vendors engaged in the development of our live TV streaming platform, Truth+. The decrease in stock-based compensation expense was marginally offset by higher year-over-year consulting, software, and
          server costs related to the launch of Truth+.

        Sales and marketing expense

        Sales and marketing expense decreased $573.0, or 54%, to $497.4 for the three months ended March 31, 2025 compared to $1,070.4 for the three months ended March 31, 2024. The
          decrease was primarily driven by a $600.0 bonus paid to an entity owned by a former director of and consultant to Private TMTG during the first quarter of 2024. The decrease was marginally offset by an increase in the volume of marketing in the
          first quarter of 2025 compared to 2024.

        General and administration expense

        General and administration expense decreased $39,617.1, or 61%, to $25,178.0 for the three months ended March 31, 2025 compared to $64,795.1 for the three months ended March
          31, 2024. The decrease was primarily due to lower  stock-based compensation awards of $10,290.7 during the first quarter of 2025, compared to $59,975.5 of cash and stock-based compensation awards to employees and vendors in connection with the
          merger transaction recorded in the first quarter of 2024.  These savings were partially offset by higher fees for legal and other professional services.

        21

        Depreciation and amortization

        Depreciation and amortization expense increased $1,773.6, or 31,671%, to $1,779.2 for the three months ended March 31, 2025 compared to $5.6 for the three