Company: MYSEW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044159
Chunk: 24

Company: Myseum, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 fixture 
    5 years 
    $56,575  
    $56,575 
  
    Computer equipment 
    3 – 5 years 
     39,590  
     39,590 
  
    Leasehold improvements 
    3 years 
     4,350  
     4,350 

     100,515  
     100,515 
  
    Less: accumulated depreciation 
      
     (72,620) 
     (67,079)

    $27,895  
    $33,436 

For the three months ended March 31, 2025 and 2024, depreciation of
property and equipment amounted to $5,541 and $5,782, respectively.

NOTE 5 – INTERNAL-USE SOFTWARE

As of March 31, 2025 and December 31, 2024, internal-use software,
net consists of the following:

    Useful Life (Years) 
    March 31, 2025  
    December 31, 2024 
  
    Internal-use software 
    3 Years 
    $1,122,625  
    $1,050,000 
  
    Less accumulated amortization 
      
     -  
     - 
  
    Internal-use software, net 
      
    $1,122,625  
    $1,050,000 

On October 29, 2024 (the “Closing Date”
and measurement date), RPM Interactive entered into and closed on a Share Exchange Agreement (the “Share Exchange Agreement”)
with (i) RPM Florida and (ii) the shareholders of RPM Florida (See Note 1). Pursuant to the Share Exchange Agreement, RPM Interactive
acquired 100% of the shares of RPM Florida in exchange for 3,500,000 shares of RPM Interactive’s common stock. RPM Florida is a
web publishing company that leverages generative AI systems to offer consumers entertaining gaming apps and podcasting offerings in the
sports, finance, entertainment and politics categories. These shares were valued at $1,050,000, or $0.30 per share, on the measurement
date based on recent sales of shares of RPM Interactive’s common stock. Pursuant to ASU 2017-01 and ASC 805, RPM Interactive analyzed
the Exchange Agreement and the business of RPM Florida to determine if RPM Interactive acquired a business or acquired assets.