Company: SNBH
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001731122-25-001574
Chunk: 17

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 each totaling $141,823
     were eliminated.

During
the nine months ended September 30, 2025, the Company issued 6,110,000 shares to George Furlan, its CEO, for management services including
a bonus of 3,680,000 related to the closing of share exchange agreement with AIG F&B.

These
balances are unsecured, non-interest bearing, and are expected to be settled in the normal course of business.

The
Company recorded fees of $54,800 from AIG Group for management and consulting services related to the Company’s merger and ongoing
operations. This balance is included in accounts payable and accrued expenses at September 30, 2025.

Management
believes all related party transactions were made on terms equivalent to those that prevail in arm’s length transactions and were
approved by the Company’s Board of Directors or an authorized committee.

    11

Income
Taxes

The
Company’s income tax benefit differs from the expected income tax benefit by applying the U.S. Federal statutory rate of 21% to
net income (loss) as follows:

The
tax effects of temporary differences that give rise to the Company’s net deferred tax liability as of September 30, 2025 and December
31, 2024 are as follows:

    Schedule
of net deferred tax liability 

    September 30, 
    December 31,

    2025 
    2024
  
    Deferred Tax Assets 

    Net Operating Losses 
    $(863,496) 
    $980,663 

    Less: Valuation Allowance 
     (863,496) 
     (980,663)

    Deferred Tax Assets - Net 
    $—  
    $— 

Deferred
taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating
loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences
are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a
valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets
will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of
enactment. The U.S. federal income tax rate is 21%.

Segment
Reporting

The
Company applies ASC