Company: DJTWW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001140361-25-040977
Chunk: 94

Company: Trump Media & Technology Group Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 94
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442

            %

            Investment income

            12,069.5

            -

            12,069.5

            100

            %

            Loss on the extinguishment of debt

            -

            (542.3

            )

            542.3

            100

            %

            Change in fair value of derivative liabilities

            -

            (225,916.0

            )

            225,916.0

            100

            %

            Loss before income taxes

            $

            (106,182.1

            )

            $

            (363,216.1

            )

            257,034.0

            71

            %

Revenues

Revenues increased $59.1, or 2%, to $2,677.4 for the nine months ended September 30, 2025 compared to revenue of $2,618.3 for the nine months ended September 30, 2024. The increase
      was primarily attributable to revenue generated from paid subscriptions to the Patriot Package on our nascent Truth+ streaming service.

Cost of revenue

Cost of revenue increased $873.5, or 345%, to $1,126.4 for the nine months ended September 30, 2025 compared to $252.9 for the nine months ended September 30, 2024. The increase was
      primarily due to content license and data center lease costs that support our burgeoning Truth+ platform.

Research and development expense

Research and development expense decreased $8,005.8, or 19%, to $33,908.1 for the nine months ended September 30, 2025 compared to $41,913.9 for the nine months ended September 30,
      2024. The decrease was primarily driven by lower stock-based compensation expense of $18,496.1 in the nine months ended September 30, 2025 compared to $30,142.5 of stock-based compensation expense recorded in the nine months ended September 30, 2024.
      The 2024 charge related to the issuance of convertible notes to certain vendors engaged in the development of our live TV streaming platform, Truth+. The decrease in stock-based compensation expense was marginally offset by higher year-over-year
      consulting and server costs related to the launch of Truth+.

      33

Sales and marketing expense

Sales and marketing expense decreased $2,664.2, or 60%, to $1,770.