Company: MYSEW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076607
Chunk: 161

Company: Myseum, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 161
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 expenses of $10,000, offset
by a decrease in other general and administrative expenses of $18,137.

During the six months ended June 30, 2025 and
2024, general and administrative expenses amounted to $433,165 and $479,069, a decrease of $45,904, or 9.6%. The decrease was primarily
attributable to a decrease in computer and internet expenses of $14,141, a decrease in proxy meeting expenses of $9,288, and a decrease
in other general and administrative expenses of $22,475.

Loss from Operations

During the three months ended June 30, 2025, loss
from operations amounted to $1,406,828 as compared to $1,267,103 during the three months ended June 30, 2024, an increase of $139,725,
or 11.0%. During the six months ended June 30, 2025, loss from operations amounted to $3,067,274 as compared to $2,930,522 during the
three months ended June 30, 2024, an increase of $136,752, or 4.7%. The increase was primarily a result of the changes in operating expenses
discussed above

Other Income (Expense)

Other income (expenses) primarily consisted of
interest income, gain on deconsolidation of variable interest entities, and foreign currency exchange loss. During the three months ended
June 30, 2025 and 2024, we reported other income, net of $49,639 and $62,995, respectively, which solely consisted of interest income.
During the six months ended June 30, 2025 and 2024, we reported other income, net of $90,975 and $164,607, respectively.

During the six months ended June 30, 2025, other
income, net solely consisted of interest income of $90,975. During the six months ended June 30, 2024, other income, net primarily consisted
of interest income of $177,465, gain on deconsolidation of variable interest entities of $107, and a foreign currency exchange loss of
$12,965.  

Net Loss and Net Loss Attributable to Common
Shareholders

Due to the foregoing reasons, during the three
months ended June 30, 2025 and 2024, our net loss was $1,357,189