Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 245

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 19
Chunk 245
---
  
                                          Dec 31,          Dec 31,      Dec 31,      
                                             2024             2023      2022         
 ─────────────────────────────────────────────────────────────────────────────────────
  Advertising consulting expense        3,287,180        2,501,107      178,403      
  Social media expense                  2,655,883        2,444,491      1,046,590    
  Rider referral program expense        1,755,561          532,103      66,586       
  Personnel expense                       891,015          518,240      --           
  Promotional operating expense           376,786          781,886      257,039      
  Data cost expense                            --          505,889      --           
  Other                                   381,382           64,061      97,526       
  Total                                 9,347,807        7,347,777      1,646,144    

F-35

MARTI TECHNOLOGIES, INC. AND ITS SUBSIDIARIES

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2024

(Amounts expressed in US$
unless otherwise stated.)

17 - OTHER EXPENSES

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

                                     January 1 -      January 1 -      January 1 -  
                                         Dec 31,          Dec 31,          Dec 31,  
                                                             2023             2022  
                                            2024                                    
 ────────────────────────────────────────────────────────────────────────────────────
  Driver fine subsidies                2,228,702        1,315,829               --  
  Penalty payments                       350,888          349,412          103,714  
  Lawsuit provision expense (*)          183,997          846,218          175,209  
  Donations and grant                     26,785          121,496            7,857  
  Custom tax provision expense                --           32,304           78,232  
  Other                                  265,283          108,384           34,112  
  Total                                3,055,655        2,773,643          399,124  

  (*)      Lawsuit provision expenses consist of the