Company: MYSEW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004290
Chunk: 384

Company: Myseum, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 384
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ment loss on digital currencies and
other digital assets

During the year ended December 31, 2024 and 2023,
operating expenses included an impairment charge related to the write down of digital assets of $0 and $23,381, respectively.

Loss from Operations

During the year ended December 31, 2024, loss from operation amounted
to $5,280,903 as compared to $8,784,031 during the year ended December 31, 2023, a decrease of $3,503,128, or 39.9%.

Other Income (Expense)

Other income (expenses) primarily consisted of interest income, gain
on initial consolidation of variable interest entities, a forerign curreny exchange loss, a gain on deconsolidation of variable interest
entities, and realized gains on short-term investments. During the years ended December 31, 2024 and 2023, we reported other income, net
of $255,896 and $379,061, respectively.

During the year ended December 31, 2024, other
income, net primarily consisted of interest income of $268,754, a gain on deconsolidation of variable interest entities of $107, and
a foreign currency exchange loss of $12,965. During the year ended December 31, 2023, other income, net primarily consisted of interest
income of $384,098, a gain on initial consolidation of variable interest entities of $42,737, a foreign currency exchange loss of $102,
and a realized loss on short-term investments of $47,672.

Net Loss and Net Loss Attributable Common
Shareholders

Due to the foregoing reasons, during the years ended December 31, 2024
and 2023, our net loss was $5,025,007 and $8,404,970, respectively, a decrease of $3,379,963, or 40.2%. During the year ended December
31, 2024 and 2023, we adjusted net loss for the net loss of subsidiary attributable to noncontrolling interest by $785,847 and $0, respectively
Accordingly, during the years ended December 31, 2024 and 2023, our net loss attributable to common shareholders was $4,239,160, or $(1.43)
per common share (basic and diluted) and $8,404,970, or $(4.14) per common