Company: MYSEW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110045
Chunk: 62

Company: Myseum, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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, amortization of right of use assets of $21,760, and accretion of stock-based stock option
and common stock expense of $530,582, offset by changes in operating assets and liabilities primarily consisting of an increase in accounts
receivable of $17, an increase in prepaid expenses of $39,645, an increase in accounts payable and accrued expenses of $168,699, a decrease
in contract liabilities of $25, and a decrease in operating lease liabilities of $14,496.

28

Net cash flow used in operating activities for
the nine months ended September 30, 2024 primarily reflected a net loss of $3,949,373 adjusted for the add-back (reduction) of non-cash
items consisting of depreciation and amortization of $17,347, amortization of right of use assets of $54,065, accretion of stock-based
stock option and common stock expense of $132,430, a non-cash gain from deconsolidation of variable interest entities of $(107), foreign
currency exchange loss of $12,965, and non-cash research development expense of $166,667, offset by changes in operating assets and liabilities
primarily consisting of an increase in accounts receivable of $13, an increase in prepaid expenses of $65,899, an increase in accounts
payable and accrued expenses of $185,469, a decrease in contract liabilities of $30, and a decrease in operating lease liabilities of
$60,823. 

Cash Flows from Investing Activities

Net cash (used in) provided by investing activities
amounted to $(1,589,111) and $1,269,566 for the nine months ended September 30, 2025 and 2024, respectively.

During the nine months ended September 30, 2025,
we received gross proceeds from the sale of short-term investments of $4,430,372 and purchased short-term investments of $5,824,170. Additionally,
we purchased property and equipment of $4,475 and capitalized internal-use software of $190,838.

During the nine months ended September 30, 2024,
we received gross proceeds from the sale of short-term investments of $9,757,175 purchased short-term investments of $8,487,609.

Cash Flows from Financing Activities

Net cash provided by financing activities totaled
$4,365,472 and $1,916,771 for the nine months ended September