Note 17 - Related Party Transactions

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

Note 17 – Related Party Transactions

Brown and Brown

The Company uses Brown & Brown (“Brown”), which acquired Hays Companies, as an insurance broker. Brown is considered a related party as an executive of Brown served previously on the Board of Directors of SharpLink Israel through February 2024. The Company paid $405,417 and $921,565 for the years ending December 31, 2024 and 2023, respectively for insurance coverage brokered by Brown. SharpLink Israel’s former director earned no commissions for the placement of these policies.

The Company leases office space in Canton, Connecticut from CJEM, LLC (CJEM), which is owned by a previous executive of the Company, who left the Company in January 2024. The Company paid rent expense of $3,200 and $38,400 in years ending December 31, 2024 and 2023 See Note 3.