Company: SNBH
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001731122-25-001574
Chunk: 122

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 4
Chunk 122
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 all material respects, our
financial condition, results of operations and cash flows for the periods presented.

To
remediate the material weakness in our documentation, evaluation and testing of internal controls we plan to engage a third-party firm
to assist us in remedying this material weakness once resources become available.

We
intend to remedy our material weakness with regard to insufficient segregation of duties by hiring additional employees in order to segregate
duties in a manner that establishes effective internal controls once resources become available.

Changes
in Internal Controls over Financial Reporting

There
were no changes (including corrective actions with regard to material weakness) in our internal controls over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, our internal
control over financial reporting.

29

PART
II - OTHER INFORMATION

ITEM
1. LEGAL PROCEEDINGS

From
time to time, we are subject to ordinary routine litigation incidental to our normal business operations. We are not currently a party
to any litigation the outcome of which, if determined adversely to us, would individually or in the aggregate be reasonably expected
to have a material adverse effect on our business, operating results, cash flows or financial condition.

ITEM
1A. RISK FACTORS

Risk
factors describing the major risks to our business can be found under Item 1A, “Risk Factors”, in our Annual Report on Form
10-K for the year ended December 31, 2024. There has been no material change in our risk factors from those previously discussed in the
Annual Report on Form 10-K.

ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

On
February 6, 2025, the Company issued 3,000,000 shares of its common stock to two individual for consulting services.

On February
11, 2025, the Company issued 3,680,000 shares of its common stock to George Furlan as a bonus related to the merger.

On February
11, 2025, the Company issued 1,700,000 shares of its common stock to James Mansour in full settlement of his amount due for past services.
See Note 8.

On February 20, 2025, the Company issued 3,272,031 shares of its common stock to satisfy the previous conversion of
debt. See Note 5.

On February 26