Company: MYSEW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076607
Chunk: 158

Company: Myseum, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 158
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 awards, which is generally the vesting period. The
Black-Scholes-Merton option-pricing model includes various assumptions, including the fair market value of our common stock, expected
life of stock options, the expected volatility, and the expected risk-free interest rate, among others. These assumptions reflect our
best estimates, but they involve inherent uncertainties based on market conditions generally outside of our control. As a result, if other
assumptions had been used, stock-based compensation expense, as determined in accordance with authoritative guidance, could have been
materially impacted. Furthermore, if we use different assumptions on future grants, stock-based compensation expense could be materially
affected in future periods.

Recently Issued Accounting Pronouncements

Refer to the notes to the unaudited consolidated
financial statements.

Results of Operations

Revenue

During the three months ended June 30, 2025 and
2024, we generated minimal revenues of $78 and $151, respectively. During the six months ended June 30, 2025 and 2024, we generated minimal
revenues of $161 and $282, respectively. Revenue consisted of subscription revenues.

26

Operating expenses

For the three months ended June 30, 2025, operating
expenses amounted to $1,406,906 as compared to $1,267,254 for the three months ended June 30, 2024, an increase of $139,652, or 11.0%.
For the six months ended June 30, 2025, operating expenses amounted to $3,067,435 as compared to $2,930,804 for the six months ended June
30, 2024, an increase of $136,631, or 4.7%. For the three and six months ended June 30, 2025 and 2024, operating expenses consisted of
the following:

    Three Months Ended June 30,  
    Six Months Ended June 30, 

    2025  
    2024  
    2025  
    2024 
  
    Compensation and related expenses 
    $679,107  
    $522,596  
    $1,646,387  
    $1,420,260 
  
    Marketing and advertising expenses 
     72,241  
     32,883  
     110,503  
     67,600 
  
    Professional and consulting expenses 
     410