Company: MYSEW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110045
Chunk: 59

Company: Myseum, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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5
and 2024, general and administrative expenses amounted to $229,602 and $156,998, an increase of $72,604, or 46.2%. The increase was primarily
attributable to an increase in amortization expense of $9,212, an increase in proxy meeting expenses of $42,865, an increase in computer
and internet expenses of $17,804, and an increase in other general and administrative expenses of $2,723.

During the nine months ended September 30, 2025
and 2024, general and administrative expenses amounted to $662,767 and $636,067, an increase of $26,700, or 4.2%. The increase was primarily
attributable to an increase in amortization expense of $9,212, and an increase in proxy meeting expenses of $33,577, offset by a decrease
in other general and administrative expenses of $16,089.

27

Loss from Operations

During the three months ended September 30, 2025,
loss from operations amounted to $1,280,601 as compared to $1,238,184 during the three months ended September 30, 2024, an increase of
$42,417, or 3.4%. During the nine months ended September 30, 2025, loss from operations amounted to $4,347,875 as compared to $4,168,706
during the nine months ended September 30, 2024, an increase of $179,169, or 4.3%. The increase was primarily a result of the changes
in operating expenses discussed above

Other Income (Expense)

Other income (expenses) primarily consisted of
interest income, gain on deconsolidation of variable interest entities, and foreign currency exchange loss. During the three months ended
September 30, 2025 and 2024, we reported other income, net of $49,120 and $54,726, respectively, which solely consisted of interest income.
During the nine months ended September 30, 2025 and 2024, we reported other income, net of $140,095 and $219,333, respectively.

During the nine months ended September 30, 2025,
other income, net solely consisted of interest income of $140,095. During the nine months ended September 30, 2024, other income, net
primarily consisted of interest income of $232,191,