Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 244

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 244
---
$
unless otherwise stated.)

16 - OPERATING EXPENSES (continued)

For the years ended at December 31, 2024, 2023
and 2022, general and administrative expenses consists of the following:

                                             January 1 -      January 1 -      January 1 -  
                                                 Dec 31,          Dec 31,          Dec 31,  
                                                    2024             2023             2022  
 ────────────────────────────────────────────────────────────────────────────────────────────
  Personnel expenses (*)                      43,433,010        8,277,874        5,876,014  
  Consulting and legal expense                 3,116,868        4,344,986        1,334,304  
  Depreciation and amortization expense          538,160          680,959          640,590  
  Insurance expense                              529,939          328,014               --  
  Software expense                               431,510           44,909          134,423  
  Transportation expense                         288,026          159,869          161,727  
  Office expenses                                237,232          276,905          301,422  
  Travelling expense                             161,415          163,411          148,672  
  Office rent expense                            165,833               --               --  
  Communication expense                          106,121          165,436           87,886  
  Non-income-based taxes                          26,341          109,566           37,820  
  Loss on disposal                                    --          235,185               --  
  Other                                          214,123          342,931          317,731  
  Total                                       49,248,578       15,130,045        9,040,589  

  (*)      The amount includes US$ 35,660,544 (2023: US$ 1,991,885 and                                                        
           2022: US$ 1,662,883) relating to compensation expenses for various shares granted to employees and non-employees.  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

For the years ended at December 31, 2024, 2023
and 2022, selling and marketing expenses consists of the following:

                                      January 1 -      January 1 -      January 1 -