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Operating Expenses

6 Months Ended

Jun. 30, 2025

7 OPERATING EXPENSES

For the periods ended at June 30, 2025 and 2024, expenses comprised of the following:

	January 1 -		January 1 -
	June 30, 2025		June 30, 2024
Cost of revenues		7,367,528		9,886,487
General and administrative expenses		12,184,292		9,053,084
Selling and marketing expenses		3,067,288		6,461,905
Research and development expenses		1,111,242		611,317
Total		23,730,350		26,012,793

For the periods ended at June 30, 2025 and 2024, cost of revenue comprised of the following:

	January 1 -		January 1 -
	June 30, 2025		June 30, 2024

Personnel expenses		2,843,652		2,782,661
Depreciation expense		1,446,749		4,040,986
Operating lease expense		1,055,675		953,398
Data cost expenses		767,983		270,062
Rental vehicle maintenance and repair expenses		466,647		886,114
Commission expenses		286,128		180,449
Amortization expense		149,743		134,587
Fuel expenses		80,650		113,963
Other		270,301		524,267
Total		7,367,528		9,886,487

For the periods ended at June 30, 2025 and 2024 general and administrative expenses comprised of the following:

	January 1 -		January 1 -
	June 30, 2025		June 30, 2024

Personnel expenses		8,582,640		5,828,792
Consulting and legal expenses		1,783,094		2,008,036
Office expenses		365,900		206,062
Depreciation expense		199,074		183,498
Travelling expenses		126,420		141,575
Other		1,127,164		685,121
Total		12,184,292		9,053,084

For the periods ended at June 30, 2025 and 2024, selling and marketing expenses comprised of the following:

	January 1 -		January 1 -
	June 30, 2025		June 30, 2024
Advertising consulting expense		2,446,843		1,711,132
Social media expense		343,437		2,152,126
Promotion expense		86,554		1,240,311
Other		190,454		1,358,336
Total		3,067,288		6,461,905