Company: DSNY
Filing Date: 2025-04-14
Form Type: 10-Q
Source: 0001062993-25-007398
Chunk: 59

Company: DESTINY MEDIA TECHNOLOGIES INC
Filing Date: 2025-04-14
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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50,264)$46,036 

17

  Six Months Ended       General and administrative expenses February 28,2025  February 29,2024  $ Change  % Change Wages and benefits$163,270 $164,275  (1,005) (0.6%) Professional fees 260,838  42,430  218,408  514.7% Office and miscellaneous 53,532  48,864  4,668  9.6% Shareholder relations 42,034  55,296  (13,262) (24.0%) Rent 23,132  20,546  2,586  12.6% Foreign exchange gain (32,676) (1,714) (30,962) 1806.4% Telecommunications 2,594  2,733  (139) (5.1%) Bad debt 2,962  (2,010) 4,972  (247.4%) Other 30,533  22,727  7,806  34.3% Total general and administrative expenses$546,219 $353,147  193,072  54.7% 

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.

  Six Months Ended       Sales and marketing expenses February 28,2025  February 29,2024  $ Change  % Change  Wages and benefits$ 355,129 $433,705  (78,576) (18.1%) Advertising and marketing 33,116  45,168  (12,052) (26.7%) Rent 13,536  18,892  (5,356) (28.4%) Telecommunications 700  3,093  (2,393) (77.4%) Total sales and marketing expenses$402,481 $500,858  (