Company: MYSEW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004290
Chunk: 636

Company: Myseum, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 636
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 Disclosures (Subtopic 220-40), which requires entities
to provide more detailed disaggregation of expenses in the income statement, focusing on the nature of the expenses rather than their
function. The new disclosures will require entities to separately present expenses for significant line items, including but not limited
to, depreciation, amortization, and employee compensation. Entities will also be required to provide a qualitative description of the
amounts remaining in relevant expense captions that are not separately disaggregated quantitatively, disclose the total amount of selling
expenses and, in annual reporting periods, provide a definition of what constitutes selling expenses. This pronouncement is effective
for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, with early
adoption permitted. The Company does not expect the adoption of this new guidance to have a material impact on the consolidated financial
statements. 

Management does not believe that any other recently
issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on its consolidated financial statements.

NOTE 3 – SHORT-TERM INVESTMENTS

On December 31, 2024 and 2023, the Company’s
short-term investments consisted of the following:

    December 31, 2024  
    December 31, 2023 

    Cost  
    Unrealized Gain  
    Fair Value  
    Cost  
    Unrealized Gain  
    Fair Value 
  
    US Treasury zero coupon bills 
    $2,952,512  
    $             -  
    $2,952,512  
    $5,189,263  
    $47,518  
    $5,236,781 
  
    Total short-term investments 
    $2,952,512  
    $-  
    $2,952,512  
    $5,189,263  
    $47,518  
    $5,236,781 

As of December 31, 2024, short-term investments
mature between January 2025 and November 2025.

NOTE 4 – PROPERTY AND EQUIPMENT

On December 31, 2024 and 2023, property and
equipment consisted of the following:

    Useful life 
    December 31, 2024  
    December 31, 2023 
  
    Furniture and fixture