Company: DSNY
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001062993-25-000745
Chunk: 10

Company: DESTINY MEDIA TECHNOLOGIES INC
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 2
Chunk 10
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 Office and miscellaneous 23,730  24,613  (883) (3.6%) Shareholder relations 10,370  13,506  (3,136) (23.2%) Rent 18,153  11,555  6,598  57.1% Foreign exchange gain (15,624) (9,264) (6,360) 68.7% Telecommunications 1,245  1,527  (282) (18.5%) Bad debt -  579  (579) (100.0%) Other 17,626  8,786  8,840  100.6% Total general and administrative expenses$151,329 $147,892  (3,437) (2.3%) Total general and administrative expenses have remained steady relative to the prior three months ended November 30, 2023.  Professional fees decreased from the prior period due; however we do expect this will increase in subsequent periods.  Three Months Ended November 30,       Sales and marketing expenses 2024  2023  $ Change  % Change Wages and benefits$202,912 $183,585  19,327  10.5% Advertising and marketing 22,672  22,738  (66) 0.2% Rent 4,574  8,034  (5,156) (43.1%) Telecommunications 400  1,500  (1,100) (73.3%) Total sales and marketing expenses$230,558 $215,857  14,791  6.8% The rise in wages and benefits is attributed to an increase in marketing related expenditures as the Company increased marketing staff to coincide with product related additions designed to facilitate greater customer driven distributions.  Three Months Ended November 30,       Product development expenses 2024  2023  $ Change  % Change Wages and benefits$316,577 $234,823  81,754  34.8% Software services 24,880  22,502  2,378  10.6% Rent 14,579  17,