Company: SNBH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001731122-25-000760
Chunk: 40

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 40
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 which
AIGFB will acquire many of those assets and rights of AIG in exchange for acquisition credits, to be ultimately paid by the exchange of
those credits for shares of common stock of SNBH (the “Acquisition Credits”). These Acquisition Credits will be issued by
SNBH to AIG shareholders and/or their designees in accordance with an Earnout Schedule that was set forth in the Exchange Agreement, as
filed with the SEC on April 11, 2025, as an exhibit (10.16) to the Form 8K/A5.

Basis of Presentation

Our financial statements are presented in conformity
with accounting principles generally accepted in the United States of America, as reported on our fiscal years ending on December 31,
2025 and 2024. We have summarized our most significant accounting policies.

Going concern

The Company currently has limited operations. These
unaudited consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates,
among other things, the realization of assets and the satisfaction of liabilities in the normal course of business.

As reflected in the accompanying unaudited consolidated
financial statements, the Company had an accumulated deficit of $5,161,123 at March 31, 2025, and had a net loss of $491,297 and net cash
flow used in operating activities of $7,593 for the three months ended March 31, 2025, respectively. The Company has a limited operating
history, and its continued growth is dependent upon the continuation of selling its products; hence generating revenues and obtaining
additional financing to fund future obligations and pay liabilities arising from normal business operations. These matters raise substantial
doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent
on the Company’s ability to raise additional capital, implement its business plan, and generate significant revenues. There are
no assurances that the Company will be successful in its efforts to generate significant revenues, maintain sufficient cash balance or
report profitable operations or to continue as a going concern. The Company plans on raising capital through the sale of equity or debt
instruments to implement its business plan. However, there is no assurance these plans will be realized and that any additional financings
will be available to the Company on satisfactory terms and conditions, if any.

The accompanying unaudited condensed consolidated
financial statements do not include any adjustments related to the recoverability or classification of asset