Company: SNBH
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001731122-25-000581
Chunk: 138

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1A
Chunk 138
---
    
     8,000 
  
    Common stock issued to vendor in lieu of payment 
     1,660,131  
     1,660  

     125,340  
        
     127,000 
  
    Net loss 
        
     —  
        
     —  
     
    -

     (477,734) 
     (477,734)
  
    Balances December 31, 2023 
     56,140,518  
    $56,141  
     1,000,000  
     1,000  
     
    -

    $1,542,429  
    $(3,533,380) 
    $(1,933,810)

The accompanying notes are an integral part of these
consolidated financial statements

F-6

    SENTIENT BRANDS HOLDINGS INC.
  
    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
  
    DECEMBER 31, 2024 AND 2023 

NOTE 1. ORGANIZATION AND NATURE OF OPERATIONS

Business description

The financial statements presented are those of Sentient
Brands Holdings Inc. (the “Company”). The Company was incorporated under the laws of the State of California on March 22,
2004, and, until October 2016, the Company was in the business of media advertising and acquiring high-end computer and networking equipment
from resellers and end-users and then reselling this equipment at discounted prices. The Company is currently in the business of product
development and brand management with a focus on building innovative brands in the Luxury and Premium Market space. The Company has a
Direct-to Consumer business model focusing on  wellness and beauty for conscious consumers. The Company incorporates
an omnichannel approach in its marketing strategies to ensure that its products are accessible across both digital and retail channels.
The Company develops Lifestyle Brands with carefully thought-out ingredients, packaging, fragrance and design. The Company’s leadership
team has extensive experience in building world-class brands such as Hugo Boss, Victoria’s Secret, Versace, and Bath & Body
Works. The Company is focused on two key market segments targeting: wellness and responsible luxury, which the Company believes represent
unique opportunities for its Oeuvre product line. The Company intends to leverage its in-house innovation capabilities to launch new products
that “disrupt” adjacent product categories. The Company plans to grow by leveraging