Company: MYSEW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110045
Chunk: 173

Company: Myseum, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 173
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 of our common stock, sale of common stock in our subsidiary, RPM Interactive, and the exercise of warrants. The following
trends are reasonably likely to result in changes in our liquidity over the near to long term: 

    ●
    An increase in working capital requirements to finance our current business,

    ●
    Cost of research and development,

    ●
    Addition of administrative, technical and sales personnel as the business grows, and

    ●
    The cost of being a public company.

Cash Flow Activities for the Nine Months
ended September 30, 2025 and 2024

Cash Flows from Operating Activities

Net cash used in operating activities totaled
$3,515,434 and $3,507,202 for the nine months ended September 30, 2025 and 2024, respectively, an increase of $8,232.

Net cash flow used in operating activities for
the nine months ended September 30, 2025 primarily reflected a net loss of $4,207,780 adjusted for the add-back of non-cash items consisting
of depreciation and amortization of $25,488, amortization of right of use assets of $21,760, and accretion of stock-based stock option
and common stock expense of $530,582, offset by changes in operating assets and liabilities primarily consisting of an increase in accounts
receivable of $17, an increase in prepaid expenses of $39,645, an increase in accounts payable and accrued expenses of $168,699, a decrease
in contract liabilities of $25, and a decrease in operating lease liabilities of $14,496.

28

Net cash flow used in operating activities for
the nine months ended September 30, 2024 primarily reflected a net loss of $3,949,373 adjusted for the add-back (reduction) of non-cash
items consisting of depreciation and amortization of $17,347, amortization of right of use assets of $54,065, accretion of stock-based
stock option and common stock expense of $132,430, a non-cash gain from deconsolidation of variable interest entities of $(107), foreign
currency exchange loss of $12,965, and non-cash research development expense of $166,667, offset by changes in operating assets and liabilities
primarily consisting of an increase in accounts receivable of $13, an increase in prepaid expenses of $65,899, an increase in accounts
pay