Company: MYSEW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076607
Chunk: 28

Company: Myseum, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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’s common stock. RPM Florida is a
web publishing company that leverages generative AI systems to offer consumers entertaining gaming apps and podcasting offerings in the
sports, finance, entertainment and politics categories. These shares were valued at $1,050,000, or $0.30 per share, on the measurement
date based on recent sales of shares of RPM Interactive’s common stock. Pursuant to ASU 2017-01 and ASC 805, RPM Interactive analyzed
the Exchange Agreement and the business of RPM Florida to determine if RPM Interactive acquired a business or acquired assets. Other than
owning certain in-development internal-use software, RPM Florida had no operations or no employees and was not considered a business.
Based on this analysis, it was determined that RPM Interactive acquired an asset. No goodwill was recorded since the Exchange Agreement
was accounted for as an asset purchase. In accordance with ASC 805, the fair value of the assets acquired is based on either the fair
value of the consideration given or the fair value of the assets acquired, whichever is more clearly evident, and thus, more reliably
measurable. RPM Interactive used the market price of the 3,500,000 common shares issued of $1,050,000 as the fair value of the assets
acquired since this value was more clearly evident, and thus, more reliable measurable than the fair value of the assets. This acquisition
was treated as an asset acquisition under ASC 805 “Business Combinations” since RPM Interactive did not meet the definition
of a business under ASC 805. ASC 805 requires the use of the relative fair value method for asset acquisitions to allocate the purchase
price, however, since only a single internal-use software asset was acquired, the entire purchase price shall be allocated to this asset.

14

MYSEUM, INC. AND SUBSIDIARIES

(FORMERLY DATCHAT, INC.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2025 AND 2024

(Unaudited)

During the six months ending June 30, 2025, the
Company capitalized certain software development costs incurred amounting to $174,641 since the Company’s software development projects
were in the application development stage.

For the three and six months ended June 30, 2025,
amortization of intangible assets amounted to $0. The internal-use software has not yet been placed in service as of June 30, 2025.