Company: MYSEW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110045
Chunk: 170

Company: Myseum, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 170
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 an increase in other consulting fees of $33,408, an increase
in Edgar filing agent fees of $24,174, an increase in consulting fees – related party of $12,000, and an increase in other professional
fees of $3,712, offset by a decrease in stock-based consulting fees of $105,817.

Research and development expenses

During the three months ended September 30, 2025
and 2024, we incurred $0 and $363,472 in research and development expenses, a decrease of $363,472, or 100.0%. During the nine months
ended September 30, 2025 and 2024, we incurred $11,000 and $823,448 in research and development expenses, a decrease of $812,448, or 98.7%.
Research and development costs were incurred in connection with our Metaverse software development project, including the development
of Habytat which was in the preliminary stage. In 2024, we ceased development of our Metaverse software.

General and administrative expenses

During the three months ended September 30, 2025
and 2024, general and administrative expenses amounted to $229,602 and $156,998, an increase of $72,604, or 46.2%. The increase was primarily
attributable to an increase in amortization expense of $9,212, an increase in proxy meeting expenses of $42,865, an increase in computer
and internet expenses of $17,804, and an increase in other general and administrative expenses of $2,723.

During the nine months ended September 30, 2025
and 2024, general and administrative expenses amounted to $662,767 and $636,067, an increase of $26,700, or 4.2%. The increase was primarily
attributable to an increase in amortization expense of $9,212, and an increase in proxy meeting expenses of $33,577, offset by a decrease
in other general and administrative expenses of $16,089.

27

Loss from Operations

During the three months ended September 30, 2025,
loss from operations amounted to $1,280,601 as compared to $1,238,184 during the three months ended September 30, 2024, an increase of
$42,417, or 3.4%. During the nine months ended September 30, 2025, loss from operations