Company: SNBH
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001731122-25-001574
Chunk: 61

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 61
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 tax liability 

    September 30, 
    December 31,

    2025 
    2024
  
    Deferred Tax Assets 

    Net Operating Losses 
    $(863,496) 
    $980,663 

    Less: Valuation Allowance 
     (863,496) 
     (980,663)

    Deferred Tax Assets - Net 
    $—  
    $— 

Deferred
taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating
loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences
are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a
valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets
will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of
enactment. The U.S. federal income tax rate is 21%.

Segment
Reporting

The
Company applies ASC 280, Segment Reporting, in determining reportable segments for its financial statement disclosure. Operating segments
are defined as components of an entity for which separate financial information is available and that is regularly reviewed by the Chief
Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance.
The Company’s CODM is its Chief Executive Officer (“CEO”). The Company has determined that it operates as a single
operating segment and has one reportable segment.

Impairment
of Long-Lived Assets

Long-lived
assets and certain identifiable intangible assets to be held and used are reviewed for impairment whenever events or changes in circumstances
indicate that the carrying amount of such assets may not be recoverable. Determination of recoverability is based on an estimate of undiscounted
future cash flows resulting from the use of the asset and its eventual disposition. Measurement of an impairment loss for long-lived
assets and certain identifiable intangible assets that management expects to hold, and use is based on the fair value of the asset. Long-lived
assets and certain identifiable intangible assets to be disposed of are reported at the lower of carrying amount or fair value less costs
to sell.

Recently
Issued and Adopted Accounting Standards

From
time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board or other