Company: MYSEW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110045
Chunk: 58

Company: Myseum, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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734, respectively, an
increase of $62,856, or 61.8%. The increase was primarily due to an increase in promotions, branding and digital marketing strategies
and social media ads.

Professional and consulting expenses

During the three months ended September 30, 2025
and 2024, we reported professional and consulting expenses of $221,275 and $222,220, respectively, a decrease of $945, or 0.4%. The decrease
was primarily attributable to a decrease in accounting fees of $10,804, a decrease in stock-based consulting fees of $655, a decrease
in other consulting fees of $2,500, offset by an increase in investor relations of $5,018, an increase in Edgar filing agent fees of $3,014,
an increase in other professional fees of $3,210, and an increase in legal fees of $1,772.

During the nine months ended September 30, 2025 and 2024, we reported professional and consulting expenses of $1,087,655 and $726,119,
respectively, an increase of $361,536, or 49.8%. The increase was primarily attributable to an increase in investor relations of $215,322,
an increase in legal fees of $92,967, an increase in accounting fees of $85,770, 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, 202