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ACCRUED STOCK-BASED CONSULTING EXPENSES
12 Months Ended
Dec. 31, 2022
Accrued Stock-based Consulting Expenses  
ACCRUED STOCK-BASED CONSULTING EXPENSES

NOTE 9 –ACCRUED STOCK-BASED CONSULTING EXPENSES

 

At December 31, 2022, Accrued stock-based consulting expenses was $3,601,987. Accrued stock-based consulting expenses are related to consulting fees due to Aggia for Sadot operations. Based on the servicing agreement with Aggia, the consulting fees are calculated at approximately 80% of the Net income generated by the Sadot business segment. For the year ended December 31, 2022, $3,601,987 is also recorded as Stock-based consulting expense in the accompanying Consolidated Statements of Operations. The Stock-based consulting expense is expected to be paid in stock in 2023.

 

 

MUSCLE MAKER, INC. & SUBSIDIARIES

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS