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Financial report summary
?Management Discussion
- For the year ended December 31, 2023, we had net income of $3,786,635, which consisted of earnings on cash (investments) held in trust of $5,299,109, partially offset by general and administrative expenses of $1,512,474. General and administrative expenses increased by $564,317 for the year ended December 31, 2023 mainly due to increases in legal expenses and additional fees paid to third party service providers.
- For the year ended December 31, 2022, we had net income of $2,434,705, which consisted of earnings on cash (investments) held in trust of $3,382,862, partially offset by general and administrative expenses of $948,157.