XML 49 R21.htm IDEA: XBRL DOCUMENT

OPERATING EXPENSES

12 Months Ended

Sep. 30, 2022

NOTE 15 – OPERATING EXPENSES

General and Administrative Expenses consists of the following:


	Year ended September 30,
	2022		2021
Professional fees	$	46,224,690	$	6,991,246
Salaries		13,714,669		6,091,520
Depreciation		966,940		720,805
Amortization		888,774		—
Lease		2,145,648		1,776,198
Settlements and penalties		1,134,707		1,532,378
Employee benefits		2,107,793		368,563
Utilities and office expense		511,899		345,766
Advertising and promotions		4,407,764		413,771
Taxes and licenses		(284,854)		73,527
Repairs and maintenance		392,679		244,868
Executive Expenses and Directors' Fees		482,455		—
Listing and Regulatory Fees		1,546,810		—
Outside Labor		352,201		—
Other		746,081		835,299
Total	$	75,338,256	$	19,393,941

Within professional fees is Common shares for services, which is the issuance of the Company’s Common Stock shares for services rendered to consultants and professional service firms. The expense is recorded at the fair value of Common Stock shares issued (see Note 10 - Share Based Compensation).

Research and Development

Research and Development as of September 30, 2022, and September 30, 2021, were $21,650,840, and $3,009,027 respectively. Research and development costs are expensed as incurred. Research and development expenses primarily consist of the engineering and design of Mullen Five EV and the design and build of the Mullen FIVE RS.