Company: MYSEW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044159
Chunk: 77

Company: Myseum, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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 with the deconsolidation of Metabizz, LLC and Metabizz SAS, during the three months ended March 31, 2024, the
Company recorded a gain on deconsolidation of $107.

Immediately following the August 27, 2024 Asset Purchase Agreement with the Seller (See Note 1), the Company owned 46.7% of RPM Interactive.
Based on the Company’s analysis, on August 27, 2024, the Company determined that RPM Interactive met the definition of a VIE under
the VIE model, which provides for situations in which control may be demonstrated other than by the possession of voting rights in RPM
Interactive. Based on Company’s analysis, the Company continues to have the power to direct the activities of RPM Interactive that
most significantly impact RPM Interactive’s economic performance and the obligation to absorb losses of RPM Interactive that could
potentially be significant to RPM Interactive or the right to receive benefits from RPM Interactive that could potentially be significant
to RPM Interactive. As of March 31, 2025 and December 31, 2024, the Company retains approximately 34.0% and 39.7%

The Company’s consolidated balance sheets
included the following assets and liabilities from its VIE:

    March 31,  
    December 31, 

    2025  
    2024 
  
    Cash 
    $214,810  
    $429,714 
  
    Prepaid expenses 
     10,981  
     16,956 
  
    Deferred offering costs 
     102,500  
     - 
  
    Intangible assets, net 
     1,122,625  
     1,050,000 
  
    Total assets 
    $1,450,916  
    $1,496,670 

    Due to DatChat (eliminates in consolidation) 
    $5,097,985  
    $4,990,706 
  
    Accounts payable and accrued expenses 
     100,298  
     26,845 
  
    Total liabilities 
    $5,198,283  
    $5,017,551 

7 

DATCHAT, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2025 AND 2024

(Unaudited)

Liquidity

The accompanying unaudited consolidated