Company: MYSEW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076607
Chunk: 126

Company: Myseum, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 126
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During the six months ended June 30, 2025 and 2024, we reported professional and consulting expenses of $866,380 and $503,899, respectively,
an increase of $362,481, or 71.9%. The increase was primarily attributable to an increase in investor relations of $210,303, an increase
in accounting fees of $96,574, an increase in legal fees of $91,196, an increase in other consulting fees of $29,908, an increase in Edgar
agents fees of $21,745, and an increase in consulting fees – related party of $18,000, offset by a decrease in stock-based consulting
fees of $105,162, and a decrease in other professional fees of $83.

Research and development expenses

During the three months ended June 30, 2025 and
2024, we incurred $5,000 and $226,058 in research and development expenses, a decrease of $221,058, or 97.8%. During the six months ended
June 30, 2025 and 2024, we incurred $11,000 and $459,976 in research and development expenses, a decrease of $448,976, or 97.6%. Research
and development costs were incurred in connection with our Metaverse software development project, including the development of Habytat
which was in the preliminary stage. As of June 30, 2025, we ceased development of our Metaverse software.

27

General and administrative expenses

During the three months ended June 30, 2025 and
2024, general and administrative expenses amounted to $239,662 and $235,443, an increase of $4,219, or 1.8%. The increase was primarily
attributable to an increase in computer and internet expenses of $12,356, and an increase in proxy meeting expenses of $10,000, offset
by a decrease in other general and administrative expenses of $18,137.

During the six months ended June 30, 2025 and
2024, general and administrative expenses amounted to $433,165 and $479,069, a decrease of $45,904, or 9.6%. The decrease was primarily
attributable to a decrease in computer and internet expenses of $14,141, a decrease in proxy meeting expenses of $9,288, and a decrease
in other general and administrative expenses of $22,475