Company: MYSEW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004290
Chunk: 541

Company: Myseum, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 541
---
  
    $73,977 

Operating lease liabilities are summarized
below:

    December 31, 2024  
    December 31, 2023 
  
    Office lease 
    $198,898  
    $198,898 
  
    Reduction of lease liability 
     (198,898) 
     (115,224)
  
    Total lease liability 
     -  
     83,674 
  
    Less: current portion 
     -  
     83,674 
  
    Long term portion of lease liability 
    $-  
    $- 

F-17

DATCHAT, INC. AND SUBSIDIARIES AND CONSOLIDATED ENTITIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024 and 2023

NOTE 7 – RELATED PARTY TRANSACTIONS

Due to Related Party

The Company’s officer, Mr. Darin Myman,
from time to time, provided advances to the Company for working capital purposes. During the year ended December 31, 2023, the Company
repaid $1,315 of advances. On December 31, 2024 and 2023, the Company had no payable to the officer.

Research and Development

On July 19, 2022, the Company entered into a software
development agreement with Metabizz. On February 14, 2023, the Company began consolidating Metabizz as VIEs. For the period from January
1, 2023 to date of consolidation (February 14, 2023), the Company paid Metabizz $185,600 for software development services which is included
in research and development expense on the accompanying consolidated statements of operations.

Other

See Note 9 for Employment Agreement with the Company’s
chief executive officer, Darin Myman.

During the years ended December 31, 2024 and 2023,
the wife of the Company’s chief executive officer was employed as an executive secretary and earned $72,000 and $72,000, respectively.

On January 10, 2024, VR Interactive LLC (“VR
Interactive”), a company 45% owned by Darin Myman, the Company’s CEO and 3.75% owned by Peter Shelus, the Company’s
chief technology officer and director, purchased 8,000,000 shares of RPM Interactive from the Metabizz shareholders for