Company: MYSEW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004290
Chunk: 718

Company: Myseum, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 718
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 shares of RPM
Florida in exchange for 3,500,000 shares of RPM Interactive’s common stock. RPM Florida is a web publishing company that leverages
generative AI systems to offer consumers entertaining gaming apps and podcasting offerings in the sports, finance, entertainment and politics
categories (See Note 5).

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES

Basis of presentation

On September 19, 2023, the Company filed a Certificate
of Change (the “Certificate of Change”) with the Secretary of State of the State of Nevada to effectuate a 1-for-10 reverse
stock split (the “Reverse Stock Split”) of the Company’s issued and outstanding and authorized shares of common stock,
par value $0.0001 per share (“Common Stock”). The Reverse Stock Split became effective on September 19, 2023. Proportional
adjustments for the Reverse Stock Split were made to the Company’s outstanding stock options, warrants and equity incentive plans,
and authorized shares. On December 27, 2023, the Company filed a Certificate of Change (the “Certificate of Change”) with
the Secretary of State of the State of Nevada to increase the number of authorized common stock from 18,000,000 shares to 180,000,000
shares. All share and per-share data and amounts have been retroactively adjusted as of the earliest period presented in the consolidated
financial statements to reflect the Reverse Stock Split.

The Company consolidates its subsidiaries that
are wholly-owned and majority owned, and entities that are variable interest entities (“VIE”) where the Company is determined
to be the primary beneficiary. The Company’s consolidated financial statements include the accounts of the parent entity. DatChat,
Inc., its wholly-owned subsidiary, DatChat Patents II, LLC, and RPM Interactive, which was a majority-owned subsidiary through August
27, 2024 and became a VIE after August 27, 2024, and VIE entities, Metabizz, LLC and Metabizz SAS through March 31, 2024, at which date
the Metabizz VIE entities were deconsolidated. All intercompany accounts and transactions have been eliminated in consolidation.

F-8

DATCHAT, INC. AND SUBSIDIARIES AND CONSOLIDATED ENTITIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024 and 2023

On March 31