Company: MYSEW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044159
Chunk: 52

Company: Myseum, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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 and the satisfaction of liabilities and
commitments in the ordinary course of business. As of March 31, 2025, we had cash and cash equivalents of $1,265,478, short-term investments
of $5,785,219, and working capital of $6,506,071. Short-term investments include U.S. Treasury zero coupon bills that are all highly rated
and have initial maturities between four and twelve months. On January 8, 2025, the Company entered into a securities purchase agreement
(the “Purchase Agreement”) with certain institutional investors pursuant to which the Company agreed to sell to such investors
1,200,000 shares of common stock of the Company at a purchase price of $4.25 per share of Common Stock (the “Offering”). The
closing of the sales of these securities under the Purchase Agreement took place on January 9, 2025 and we received net proceeds of $4,532,000.
Net cash used in operations was $1,405,389 for the three months ended March 31, 2025. Until such time that the Company implements its
growth strategy, it expects to continue to generate operating losses in the foreseeable future, mostly due to corporate overhead, research
and development, and costs of being a public company. We believe that our existing working capital and cash on hand will provide sufficient
cash to enable the Company to meet its operating needs and debt requirements for the next twelve months from the issuance date of this
report. 

26 

Our primary uses of cash have been for research
and development, compensation and related expenses, fees paid to third parties for professional services, marketing and advertising expenses,
and general and administrative expenses. All funds received have been expended in the furtherance of growing the business. We received
funds from the sale 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 Three Months
ended March 31, 2025 and 2024

Cash Flows from Operating Activities

Net cash used in operating activities totaled
$1,405,