Cost of revenues and general and administrative expenses

12 Months Ended

Dec. 31, 2023

Cost of revenues and general and administrative expenses

Cost of revenues and general and administrative expenses

15. Cost of revenue and general and administrative expenses

	Year Ended December 31,
	2023		2022
Cost of revenue consist of:
Subcontractor and other project costs	$	64,806,072	$	17,847,124
Employee costs		18,935,014		14,036,117
Electricity		9,502,666		6,975,129
Fuel oil		9,024,836		10,203,690
Depreciation		5,632,998		5,261,463
Maintenance		2,992,872		2,786,258
Insurance		2,061,497		1,782,333
Retail license royalties		1,842,924		1,590,250
Other		3,485,249		3,267,485
	$	118,284,128	$	63,749,849
	Year Ended December 31,
	2023		2022
General and administrative expenses consist of:
Employee costs	$	13,690,152	$	11,209,635
Professional fees		2,012,092		1,760,279
Insurance		1,903,856		2,067,625
Directors’ fees and expenses		980,759		991,592
Office rent		882,686		793,380
Amortization of intangible assets		574,093		582,778
Investor relations		534,979		354,158
Business development expenses		578,086		395,660
Provision for credit losses		408,489		—
Computer supplies, software licenses		387,335		322,310
Bank charges		341,263		490,237
Depreciation		190,010		163,714
Other		2,268,566		1,938,866
	$	24,752,366	$	21,070,234