Company: MYSEW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004290
Chunk: 1279

Company: Myseum, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9
Chunk 1279
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F-17

DATCHAT, INC. AND SUBSIDIARIES AND CONSOLIDATED ENTITIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024 and 2023

NOTE 7 – RELATED PARTY TRANSACTIONS

Due to Related Party

The Company’s officer, Mr. Darin Myman,
from time to time, provided advances to the Company for working capital purposes. During the year ended December 31, 2023, the Company
repaid $1,315 of advances. On December 31, 2024 and 2023, the Company had no payable to the officer.

Research and Development

On July 19, 2022, the Company entered into a software
development agreement with Metabizz. On February 14, 2023, the Company began consolidating Metabizz as VIEs. For the period from January
1, 2023 to date of consolidation (February 14, 2023), the Company paid Metabizz $185,600 for software development services which is included
in research and development expense on the accompanying consolidated statements of operations.

Other

See Note 9 for Employment Agreement with the Company’s
chief executive officer, Darin Myman.

During the years ended December 31, 2024 and 2023,
the wife of the Company’s chief executive officer was employed as an executive secretary and earned $72,000 and $72,000, respectively.

On January 10, 2024, VR Interactive LLC (“VR
Interactive”), a company 45% owned by Darin Myman, the Company’s CEO and 3.75% owned by Peter Shelus, the Company’s
chief technology officer and director, purchased 8,000,000 shares of RPM Interactive from the Metabizz shareholders for cash amounting
to $120,000. Mr. Myman is a partner in VR Interactive. Therefore, VR Interactive, a related party, became a 25% non-controlling interest
in RPM Interactive.

NOTE 8 – STOCKHOLDERS’ EQUITY

Shares Authorized

On September 19, 2023, the Company filed a Certificate
of Change (the “Certificate of Change”) with the Secretary of State of the State of Nevada to effectuate a 1-for-10 reverse
stock split (the “Reverse Stock Split”) of the Company’s issued and outstanding