Company: MYSEW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076607
Chunk: 109

Company: Myseum, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 109
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% installments every 6 months beginning on the 6-month
anniversary of the date of grant. The stock options were valued at $1,239,324 on the grant date using a Black-Scholes option pricing model
which will be recognized as stock-based compensation expense over the vesting period.

On June 8, 2025, the Company granted an aggregate
of 65,000 options to purchase the Company’s common stock, consisting of 45,000 options to the employees of the Company and 20,000
options to consultants of the Company. The options each have a term of 5 years from the date of grant and are exercisable at an exercise
price of $4.00 per share. The options vest in equal 25% installments every 6 months beginning on the 6-month anniversary of the date of
grant. The stock options were valued at $159,575 on the grant date using a Black-Scholes option pricing model which will be recognized
as stock-based compensation expense and stock-based professional fees over the vesting period.

During the six months ended June 30, 2025 and
2024, certain employees were terminated and accordingly, 12,750 and 18,100 unvested options were forfeited, resulting in reversals of
previously recognized stock-based compensation $19,883 and $27,031, respectively.

19

MYSEUM, INC. AND SUBSIDIARIES

(FORMERLY DATCHAT, INC.)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2025 AND 2024

(Unaudited)

During the six months ended June 30, 2025, accretion
of stock-based expense related to stock options amounted to $313,666 of which $312,174 was recorded in compensation and related expenses
and $1,492 was recorded in professional and consulting expenses as reflected in the unaudited consolidated statements of operations. During
the six months ended June 30, 2024, the Company recognized total stock-based expenses related to stock options of $54,082 of which $10,044
was recorded in compensation and related expenses and $44,038 was recorded in professional and consulting expenses as reflected in the
unaudited consolidated statements of operations. As of June 30, 2025, a balance of $1,066,345 remains to be expensed over future vesting
periods related to