Company: SNBH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001731122-25-000760
Chunk: 38

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 38
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NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

March 31, 2025

NOTE 1. ORGANIZATION AND NATURE OF OPERATIONS

Business description

The financial statements presented are those of Sentient
Brands Holdings Inc. (the “Company”). The Company was incorporated under the laws of the State of California on March 22,
2004, and, until October 2016, the Company was in the business of media advertising and acquiring high-end computer and networking equipment
from resellers and end-users and then reselling this equipment at discounted prices. The Company is currently in the business of product
development and brand management with a focus on building innovative brands in the Luxury and Premium Market space. The Company has a
Direct-to Consumer business model focusing on wellness and beauty for conscious consumers. The Company incorporates an omnichannel approach
in its marketing strategies to ensure that its products are accessible across both digital and retail channels. The Company develops Lifestyle
Brands with carefully thought-out ingredients, packaging, fragrance and design. The Company’s leadership team has extensive experience
in building world-class brands such as Hugo Boss, Victoria’s Secret, Versace, and Bath & Body Works. The Company is focused
on two key market segments targeting: wellness and responsible luxury, which the Company believes represent unique opportunities for its
Oeuvre product line. The Company intends to leverage its in-house innovation capabilities to launch new products that “disrupt”
adjacent product categories. The Company plans to grow by leveraging its deep connections within its existing network and attract consumers
through increased brand awareness and investing in unique social media marketing. The Company’s goal is to create customer experiences
that have sustainable resonance with consumers and consistently implement strategies that result in long-term profit growth.

On December 9, 2020, the Company filed a Certificate
of Amendment of Articles of Incorporation (the “Certificate”) with the State of California to (i) effect a forward stock split
of its outstanding shares of common stock at a ratio of 7 for 1 (7:1) (the “Forward Stock Split”), (ii) increase the number
of authorized shares of common stock from 50,000,000 shares to 500,000,000 shares, and (iii) effectuate a name change (the “Name
Change”). Fractional shares that resulted from the Forward Stock Split will be rounded up to the next highest number. As a result
of the Name Change, the Company’s name