Company: SNBH
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001731122-25-000581
Chunk: 167

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1B
Chunk 167
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 2024, as compared with $68,544 for the year ended December 31, 2023. Our net loss of $1,136,446 is the main component
of our negative operating cash flow in 2024. This was offset for non-cash expenses that were paid with the Company’s common stock
totaling $380,750 and a write down of our inventory totaling $150,000. In addition our prepaid expenses decreased by $8,453 and accounts
payable increased by $149,000. For the year ended December 31, 2023, our net loss of $477,734 is the main component of our negative operating
cash flow. This was offset for non-cash expenses that were paid with the Company’s common stock totaling $140,900. In addition,
our inventory decreased by $24,539 and accounts payable increased by $184,849. An increase in prepaid expenses used $8,453 of cash.

Cash flows from Investing Activities

There are no Investing activities in for the year
ended December 31, 2024 or 2023.

Cash flows from Financing Activities

Cash flows provided by financing activities during
the year ended December 31, 2024 amounted to $325,500 as compared with $68,795 for the year ended December 31, 2023. During 2024, we
received net proceeds from short term loans totaling $11,500. We also received $314,000 from the sale of common stock. During 2023, we
received net proceeds from short term loans totaling $22,795. We also increased our stock subscription payable for $85,000. During 2023,
we also received $38,000 from the sale of common stock and $8,000 from the exercise of warrants to purchase common stock.

25

We will need to raise additional
funds, particularly if we are unable to generate positive cash flow as a result of our operations. We estimate that based on current plans
and assumptions, that our available cash will be insufficient to satisfy our cash requirements under our present operating expectations.
Other than working capital and advance received from related parties and funds received pursuant to securities purchase agreements, we
presently have no other significant alternative source of working capital. We have used these funds to fund our operating expenses, pay
our obligations and grow our company. We will need to raise significant additional capital to fund our operations and to provide working
capital for our ongoing operations and obligations.