Company: SNBH
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001731122-25-001154
Chunk: 8

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 of incorporation and bylaws for the surviving entity in the migratory merger.

In addition, on January 29, 2021, the Company, merged with and into its
wholly owned subsidiary, Sentient Brands Holdings Inc., a Nevada corporation, pursuant to an Agreement and Plan of Merger between Sentient
Brands Holdings Inc., a California corporation, and Sentient Brands Holdings Inc., a Nevada corporation. Sentient Brands Holdings Inc.,
a Nevada corporation, continued as the surviving entity of the migratory merger. Pursuant to the migratory merger, the Company changed
its state of incorporation from California to Nevada and each share of its common stock converted into one share of common stock of the
surviving entity in the migratory merger. No dissenters’ rights were exercised by any of the Company’s stockholders in connection
with the migratory merger.

Following the consummation of the migratory merger, the articles of incorporation
and bylaws of the Nevada corporation that was newly-created as a wholly owned subsidiary of the Company became the articles of incorporation
and bylaws for the surviving entity in the migratory merger.

On May 12, 2025, the Company, through its wholly owned
subsidiary AIG F&B, acquired Assets totaling $595,441 from American Industrial Group, Inc. (“AIG”). In consideration for
the assets received, AIG F&B issued $595,441 of Acquisition Credits as defined in the Share Exchange Agreement between the Company
and AIG which was signed in April. The Company acquired machinery and equipment of $77,044, Inventory for sale of $283,452 and accounts
receivable and other assets of $234,945.

Basis of Presentation

Our financial statements are presented in conformity
with accounting principles generally accepted in the United States of America, as reported on our fiscal years ending on December 31,
2025 and 2024. We have summarized our most significant accounting policies.

Going concern

The Company currently has limited operations. These
unaudited consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates,
among other things, the realization of assets and the satisfaction of liabilities in the normal course of business.

As reflected in the accompanying unaudited consolidated
financial statements, the Company had an accumulated deficit of $5,557,260 at June 30, 2025, and had a net loss of $887,434 and net cash
flow generated from operating activities of $