Company: SNBH
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001731122-25-001154
Chunk: 34

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 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 2024 was $850,319 and $513,938, respectively. The increased in operating loss of $336,381 was primarily
attributed to the increased professional fees and management fees related to our efforts to finalize and close on the acquisition of AIG
F&B and the assets acquired in May.

Interest Expense

Interest Expense is related to our convertible and
    other notes payable. During the six months ended June 30, 2025, interest expense totaled $89,466 compared to $127,970 for the same period
    in 2024. The decrease in 2025 is a result of the several conversions of debt into equity during the first quarter of 2025.

Income Taxes

We did not have any income
taxes expense for the six months ended June 30, 2025 and 2024.

Net Loss

Our net loss for the six months period ended June 30, 2025 and 2024 was
$887,434 and $641,908, respectively.

Liquidity and Capital
Resources

The consolidated financial
statements have been prepared using generally accepted accounting principles in the United States of America (“GAAP”) applicable
for a going concern, which assumes that the Company will realize its assets and discharge its liabilities in the ordinary course of business.