Company: SNBH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001731122-25-000760
Chunk: 21

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 21
---
 an individual in exchange for the cancellation of all debt and related accrued interest. See Note 5.

On April 3, 2025, the Company issued 1,032,465 shares
of its common stock to an individual in exchange for the cancellation of all debt and related accrued interest. See Note 5.

On April 15, 2025, the Company issued 300,000 shares
to a consultant for management services.

On April 16, 2025, the Company issued 2,000,000 shares
to a service provider for services provided related to the merger with AIG.

On April 17, 2025, the Company issued 430,000 shares
to a consultant for management services.

On April 28, 2025 the Company sold 600,000 shares
of its common stock to an investor for $30,000. As of the date of this filing, the shares have not yet been issued.

On May 12, 2025, the Company, through its wholly owned
subsidiary AIG F&B, acquired Assets totaling $595,441 from American Industrial Group, Inc. (“AIG”). In consideration for
the assets received, AIG F&B issued $595,441 of Acquisition Credits as defined in the Share Exchange Agreement between the Company
and AIG which was signed in April. The Company acquired machinery and equipment of $77,044, Inventory for sale of $283,452 and accounts
receivable and other assets of $234,945.

No other matters were identified affecting the accompanying
financial statements and related disclosures.

15

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion
and analysis of the results of operations and financial condition of Sentient Brands Holdings Inc. for the three months ended March 31,
2025 and 2024 should be read in conjunction with the Sentient Brands Holdings Inc. unaudited condensed consolidated financial statements
and the notes thereto contained elsewhere in this report. Our discussion includes forward-looking statements based upon current expectations
that involve risks and uncertainties, such as our plans, objectives, expectations and intentions. Actual results and the timing of events
could differ materially from those anticipated in these forward-looking statements as a result of a number of factors, including those
set forth under the Risk Factors, Special Note Regarding Forward-Looking Statements and Business sections in our Form 10-K as filed with
the Securities and