General and Administrative Expenses |
Note
8: General and Administrative Expenses
The
following table presents general and administrative expenses for the three and nine months ended September 30, 2024, and 2023:
Schedule
of General and Administrative Expenses
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
| |
Three
Months Ended
September 30, | | |
Nine
Months Ended
September 30, | |
| |
2024 | | |
2023 | | |
2024 | | |
2023 | |
Office, consulting,
investor relations, insurance and travel(1) | |
$ | 266,572 | | |
$ | 525,187 | | |
$ | 760,395 | | |
$ | 1,842,468 | |
Professional fees | |
| 55,922 | | |
| 95,758 | | |
| 474,509 | | |
| 1,539,313 | |
Management fees, salaries
and benefits(2) | |
| 87,364 | | |
| 76,724 | | |
| 262,006 | | |
| 229,367 | |
Share-based compensation(2) | |
| 43,490 | | |
| 86,396 | | |
| 184,127 | | |
| 364,991 | |
Filing, listing, dues
and subscriptions | |
| 24,521 | | |
| 38,665 | | |
| 112,843 | | |
| 164,462 | |
Total | |
$ | 477,869 | | |
$ | 822,730 | | |
$ | 1,793,880 | | |
$ | 4,140,601 | |
|
(1) |
Office, consulting, investor relations, insurance and travel
expenses include costs for Blender Media Inc. (“Blender”), a company controlled by a direct family member of a co-chairman
and director of GoldMining (Note 13). |
|
|
|
|
(2) |
During the three and nine months ended September 30, 2024,
and 2023, share-based compensation and management fees, salaries and benefits include costs allocated from GoldMining (Note 13). |
U.S.
GOLDMINING INC.
NOTES
TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited
– Expressed in U.S. Dollars)
|