Company: SNBH
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001731122-25-001154
Chunk: 32

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 the three months
ended June 30, 2024.

Operating Expenses

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

2025
 
2024

Advertising and Marketing

—

—

General and Administrative

25,548

16,074

Legal and Professional

242,463

52,595

Management Fees

84,245

92,500

TOTAL OPERATING EXPENSES

352,256

161,169

    ●
    General and administrative fees totaled $25,548 for the three months ended June 30, 2025 representing an increase of $9,474 compared to the total of $16,074 for the three 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.

    ●
    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 three months ended June 30, 2025, professional fees totaled $242,463 which is an increase of $189,868 compared to total expense of $52,595 for the three months ended June 30, 2024. Legal fees related to the closing of the AIG F&B acquisition were approximately $43,000. We also recorded a charge of $176,000 for 2 million shares of our common stock issued to a former contractor as a success fee for the closing of the acquisition. The majority of the expense in 2024 was attributed to fees involved with the beginning of the search for acquisition targets and fund raising activities. 

    ●
    Our management fees are comprised mainly of salaries paid to our management staff. For the three months ended June 30, 2025, we recorded an expense of $84,245 of management fees for work associated with negotiated and closing the merger deal in April 2025. Fees totaling 92,500 were recognized for the same period of 2024 for work associated with fund raising and merger activity.

Loss from Operations

The Company’s operating loss for the three-month
period ended June 30, 2025 and 2024 was $356,768 and $161,169, respectively. The increase in operating loss of $195,599 was primarily
attributed to the non-cash expense related to stock issued for professional services and management