Company: SNBH
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001731122-25-001154
Chunk: 89

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 2
Chunk 89
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 did not generate any revenue during the six months ending June 30, 2024.

Gross Margin

We had a negative gross margin
of $4,512 for the six months ended June 30, 2025 due to shipping and other start up costs. There was no gross margin for the six months
ended June 30, 2024.

Operating Expenses

For the six months ended
June 30, 2025 and 2024, operating expenses consisted of the following:

2025
 
2024

General and Administrative

33,201

23,960

Legal and Professional

459,501

368,878

Management Fees

353,105

121,100

TOTAL OPERATING EXPENSES

845,807

513,938

    ● 
    General and administrative fees totaled $33,201 for the six months ended June 30, 2025 representing a decrease of $9,241 compared to the total of $23,960 for the six months ended June 30, 2024. The increase is attributable to costs associated with the closing of the acquisition of AIG F&B in April and getting the new operation running. The current fees relate to office expenses, bank fees, fees associated with public company expenses and some travel costs.

    ●
    Legal and professional fees primarily consisted of accounting fees, legal service fees, consulting fees, investor relations and other fees incurred for service related to being a public company. For the six months ended June 30, 2025, professional fees totaled $459,501 which is an increase of $90,623 compared to total expense of $368,878 for the six months ended June 30, 2024. The increase is attributed to the increased legal fees required to finalize and close on the acquisition of AIG F&B and the assets acquired in May. Professional fees are mainly for legal, accounting and audit fees. 

    ●
    Our management fees are comprised mainly of salaries paid to our management staff. During the six month period ended June 30, 2025, management fees totaled $353,105 representing an increase of $232,005 compared to June 30, 2024, management fees of $121,100. The increased fees related to our efforts to finalize and close on the acquisition of AIG F&B and the assets acquired in May.

22 

Loss from Operations

The Company’s operating loss for the six-month
period ended June 30, 2025, and