Company: DJTWW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001140361-25-040977
Chunk: 191

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 191
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 406.9 

      17

Future minimum payments under non-cancellable leases for operating leases for the remaining terms of the leases following the year ended September 30, 2025, are as follows:

            2025 (remainder of)

            $
          
           285.7 

            2026

           1,009.6 

            2027

           1,005.1 

            2028

           770.9 

            2029

           87.9 

            Total future minimum lease payments

           3,159.2 

            Amount representing interest

           (367.7 
          
            )

            Present value of net future minimum lease payments

            $
          
           2,791.5 

NOTE 11 - INCOME TAXES

    The estimated annual effective tax rate applied to the nine months ended September 30, 2025, is 0.4% which differs from the US federal statutory rate of 21% principally due to the projection of U.S. net operating loss for the fiscal 2025 with full application of a valuation allowance and the change in the net deferred tax liability remaining after application of the valuation allowance (“naked credit” or “hanging credit”).  As of September 30, 2025, we had US Federal and state net operating loss carryforwards (“NOLs”) with a tax benefit of $43,816.9. NOLs are available for use indefinitely.

NOTE 12 – RELATED PARTY TRANSACTIONS

    Administrative Services Arrangement

    An affiliate of the Digital World Sponsor ARC agreed to make available to the Digital World certain general and administrative services, including office space, utilities and administrative services, as Digital World required from time to time. The agreement with the Sponsor was terminated on April 5, 2023, and $221.0 was unpaid as of September 30, 2025.

    Advances

    During 2022, the Digital World Sponsor paid, on behalf of Digital World, $470.8 to a vendor for costs incurred by Digital World and $41.0 directly to Digital World. As of September 30, 2025, our obligation to the Sponsor for such payments was outstanding in the amount of $41.0.

    Placement Agent Fee

    We paid a placement agent fee to Yorkville Securities, LLC (“Yorkville Securities”), an entity under common ownership with our consolidated VIE, Yorkville America, in the amount of