Company: DSNY
Filing Date: 2025-07-14
Form Type: 10-Q
Source: 0001062993-25-012768
Chunk: 37

Company: DESTINY MEDIA TECHNOLOGIES INC
Filing Date: 2025-07-14
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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(582.9%) Telecommunications 7,338  7,039  299  4.2% Bad debt 2  736  (734) (99.7%) Other 35,872  32,334  3,538  10.9% Total general and administrative expenses$752,412 $513,087  239,325  46.6% 

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. The increase in wages and benefits is primarily due to a one time recruitment fee.

  Nine Months Ended       Sales and marketing expenses May 31, 2025  May 31, 2024  $ Change  % Change Wages and benefits$541,162 $672,298  (131,136) (19.5%) Advertising and marketing 71,607  75,807  (4,200) (5.5%) Rent 17,474  28,273  (10,799) (38.2%) Telecommunications 998  4,788  (3,790) (79.2%) Total sales and marketing expenses$631,241 $781,166  (149,925) (19.2%) 

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, with a focus on marketing-related initiatives, as upcoming Play MPE® platform enhancements are anticipated to drive greater customer adoption.

  Nine Months Ended       Product development expenses May 31, 2025  May 31, 2024  $ Change  % Change Wages and benefits$965,312 $854,536  110,776  13.0% Software services 80,561  75,283  5,278  7.0% Rent 54,911  54,053  858  1.6% Telecommunications 162,965  100,457