Company: SNBH
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001731122-25-000581
Chunk: 1007

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1C
Chunk 1007
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valued, or the total compensation is recalculated based on the then current fair
value, at each subsequent reporting date.

Recent Accounting Pronouncements

Other accounting standards
that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact
on our consolidated financial statements upon adoption. We do not discuss recent pronouncements that are not anticipated to have an impact
on or are unrelated to our consolidated financial condition, results of operations, cash flows or disclosures.

23

RESULTS OF OPERATIONS

Comparison of Results of Operations for the Years
Ended December 31, 2024 and 2023.

Revenue

We did not generate significant
revenue for the years ended December 31, 2024 and 2023.

Operating Expenses

For the years ended December
31, 2024 and 2023:

    2024 
    2023

    Advertising and Marketing 
    $—  
     1,057 
  
    General and Administrative 
     79,790  
     109,533 
  
    Legal and Professional 
     487,196  
     139,017 
  
    Office rent 
     1,352  
     1,352 
  
    Write down inventory to net realizable value 
     150,000  
     — 
  
    Management Fees 
     163,310  
     — 

    TOTAL OPERATING EXPENSES 
    $881,648  
    $250,959 

    ●
    Our advertising and marketing expense mainly includes our costs of branding, design and materials. We have eliminated our marketing activity as we pursue a merger or acquisition

    ●
    Professional fees primarily consisted of the following:

    For the year ended December 31,

    2024 
    2023
  
    Accounting and Auditing 
    $95,700  
    $62,200 
  
    Other advisory Services 
     29,373  
     16,817 
  
    Legal Fees 
     361,223  
     60,000 
  
    Social Media Consulting 
     900  
     — 

    $487,196  
    $139,017 

    ●
    Professional fees as a whole increased by $348,179 primarily due to the
increased legal and accounting fees related to potential merger activity.

    ●
    Management fees primarily