Company: MYSEW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076607
Chunk: 129

Company: Myseum, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 129
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 for the next twelve months from the issuance date of this
report. 

28

Our primary uses of cash have been for research
and development, compensation and related expenses, fees paid to third parties for professional services, marketing and advertising expenses,
and general and administrative expenses. All funds received have been expended in the furtherance of growing the business. We received
funds from the sale of our common stock, sale of common stock in our subsidiary, RPM Interactive, and the exercise of warrants. The following
trends are reasonably likely to result in changes in our liquidity over the near to long term: 

    ●
    An increase in working capital requirements to finance our current business,

    ●
    Cost of research and development,

    ●
    Addition of administrative, technical and sales personnel as the business grows, and

    ●
    The cost of being a public company.

Cash Flow Activities for the Six Months
ended June 30, 2025 and 2024

Cash Flows from Operating Activities

Net cash used in operating activities totaled
$2,610,978 and $2,550,384 for the six months ended June 30, 2025 and 2024, respectively, an increase of $60,594.

Net cash flow used in operating activities for
the six months ended June 30, 2025 primarily reflected a net loss of $2,976,299 adjusted for the add-back of non-cash items consisting
of depreciation and amortization of $11,209, amortization of right of use assets of $10,318, and accretion of stock-based stock option
and common stock expense of $313,666, offset by changes in operating assets and liabilities primarily consisting of an increase in accounts
receivable of $13, a decrease in prepaid expenses of $66,258, a decrease in accounts payable and accrued expenses of $32,572, an increase
in contract liabilities of $17, and a decrease in operating lease liabilities of $3,562.

Net cash flow used in operating activities for
the six months ended June 30, 2024 primarily reflected a net loss of $2,765,915 adjusted for the add-back (reduction) of non-cash items
consisting of depreciation and amortization of $11,565, amortization of right of use assets of $35,131, accretion of stock-based stock
option and common stock expense of $116,698, a non-cash