Company: MYSEW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004290
Chunk: 250

Company: Myseum, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 250
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 accretion
of stock-based expense related to stock options, which is net of the reversal of previously recognized stock-based expense due to forfeiture,
amounted to $66,580, of which $16,816 was recorded in compensation and related expenses and $49,764 was recorded in professional and consulting
expenses as reflected in the consolidated statements of operations.

F-21

DATCHAT, INC. AND SUBSIDIARIES AND CONSOLIDATED ENTITIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024 and 2023

As of December 31, 2024, a balance of $994 remains
to be expensed over future vesting periods related to unvested stock options issued for services to be expensed over a weighted average
period of 0.05 years.

During the year ended December 31, 2023, the stock
options were valued at the grant date using a Black-Scholes option pricing model with the following assumptions. The simplified method
was used for the expected option term and expected volatility was based on historical volatility:

    2023 

    Dividend rate 
     -%

    Term (in years) 
     3 years 

    Volatility 
     137.0% to 168.0%

    Risk—free interest rate 
     3.96% - 4.73%

The following is a summary of the Company’s
stock option activity for the years ended December 31, 2024 and 2023 as presented below:

     Number of Options   Weighted Average Exercise Price   Weighted Average Remaining Contractual Life (Years)   Balance on December 31, 2022   160,420   $109.90    3.91   Granted   39,000    13.14    -   Cancelled   (40,750)   35.35    -   Balance on December 31, 2023   158,670    105.30    3.12   Cancelled   (44,100)   49.13    -   Balance on December 31, 2024   114,570   $126.92    2.08   Options exercisable on December 31, 202