Company: MYSEW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004290
Chunk: 681

Company: Myseum, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 681
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 interest entities of $107, and
a foreign currency exchange loss of $12,965. During the year ended December 31, 2023, other income, net primarily consisted of interest
income of $384,098, a gain on initial consolidation of variable interest entities of $42,737, a foreign currency exchange loss of $102,
and a realized loss on short-term investments of $47,672.

Net Loss and Net Loss Attributable Common
Shareholders

Due to the foregoing reasons, during the years ended December 31, 2024
and 2023, our net loss was $5,025,007 and $8,404,970, respectively, a decrease of $3,379,963, or 40.2%. During the year ended December
31, 2024 and 2023, we adjusted net loss for the net loss of subsidiary attributable to noncontrolling interest by $785,847 and $0, respectively
Accordingly, during the years ended December 31, 2024 and 2023, our net loss attributable to common shareholders was $4,239,160, or $(1.43)
per common share (basic and diluted) and $8,404,970, or $(4.14) per common share (basic and diluted), respectively, a decrease of $4,165,810,
or 49.6%.

Liquidity, Capital Resources and Plan of Operations 

As of December 31, 2024, we had cash and cash
equivalents of $1,196,699 and short-term investments of $2,952,512. Short-term investments include U.S. Treasury bills that are all highly
rated and have initial maturities between four and twelve months.

The accompanying consolidated financial statements have been prepared
on the basis of continuity of operations, realization of assets and the satisfaction of liabilities and commitments in the ordinary course
of business. As of December 31, 2024, we had cash and cash equivalents of $1,196,699, short-term investments of $2,952,512, and working
capital of $3,657,711. Short-term investments include U.S. Treasury zero coupon bills that are all highly rated and have initial maturities
between four and twelve months. Additionally, on January 8, 2025, the Company entered into a securities purchase agreement (the “Purchase
Agreement”) with certain institutional investors pursuant to which the Company