Company: MYSEW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044159
Chunk: 144

Company: Myseum, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 144
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 the three months ended March 31, 2025,
loss from operations amounted to $1,660,446 as compared to $1,663,419 during the three months ended March 31, 2024, a decrease of $2,973,
or 0.2%.

Other Income (Expense)

Other income (expenses) primarily consisted of
interest income, gain on deconsolidation of variable interest entities, and foreign currency exchange loss. During the three months ended
March 31, 2025 and 2024, we reported other income, net of $41,336 and $101,612, respectively.

During the three months ended March 31, 2025,
other income, net solely consisted of interest income of $41,336. During the three months ended March 31, 2024, other income, net primarily
consisted of interest income of $114,470, gain on deconsolidation of variable interest entities of $107, and a foreign currency exchange
loss of $12,965.

Net Loss and Net Loss Attributable to Common
Shareholders

Due to the foregoing reasons, during the three months ended March 31,
2025 and 2024, our net loss was $1,619,110 and $1,561,807, respectively, an increase of $57,303, or 3.7%. During the three months ended
March 31, 2025 and 2024, after adjusting net loss for the net loss of subsidiary attributable to noncontrolling interest of $145,914 and
$423,995, respectively, net loss attributable to common shareholders of was $1,473,196, or ($0.36) per common share (basic and diluted)
and $1,137,812, or ($0.41) per common share (basic and diluted), respectively, an increase of $335,384, or 29.5%.

Liquidity, Capital Resources and Plan of Operations 

As of March 31, 2025, we had cash and cash equivalents
of $1,265,478 and short-term investments of $5,785,219. Short-term investments include U.S. Treasury zero coupon bills that are all highly
rated and have initial maturities between four and twelve months.

The accompanying unaudited consolidated financial
statements have been prepared on the basis of continuity of operations, realization of assets and the satisfaction of liabilities and
commitments in the ordinary