Company: SNBH
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001731122-25-001154
Chunk: 46

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 46
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 merger, the articles of incorporation
and bylaws of the Nevada corporation that was newly-created as a wholly owned subsidiary of the Company became the articles of incorporation
and bylaws for the surviving entity in the migratory merger.

On May 12, 2025, the Company, through its wholly owned
subsidiary AIG F&B, acquired Assets totaling $595,441 from American Industrial Group, Inc. (“AIG”). In consideration for
the assets received, AIG F&B issued $595,441 of Acquisition Credits as defined in the Share Exchange Agreement between the Company
and AIG which was signed in April. The Company acquired machinery and equipment of $77,044, Inventory for sale of $283,452 and accounts
receivable and other assets of $234,945.

Basis of Presentation

Our financial statements are presented in conformity
with accounting principles generally accepted in the United States of America, as reported on our fiscal years ending on December 31,
2025 and 2024. We have summarized our most significant accounting policies.

Going concern

The Company currently has limited operations. These
unaudited consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates,
among other things, the realization of assets and the satisfaction of liabilities in the normal course of business.

As reflected in the accompanying unaudited consolidated
financial statements, the Company had an accumulated deficit of $5,557,260 at June 30, 2025, and had a net loss of $887,434 and net cash
flow generated from operating activities of $2,916 for the six months ended June 30, 2025, respectively. The Company has a limited operating
history, and its continued growth is dependent upon the continuation of selling its products; hence generating revenues and obtaining
additional financing to fund future obligations and pay liabilities arising from normal business operations. These matters raise substantial
doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent
on the Company’s ability to raise additional capital, implement its business plan, and generate significant revenues. There are
no assurances that the Company will be successful in its efforts to generate significant revenues, maintain sufficient cash balance or
report profitable operations or to continue as a going concern. The Company plans on raising capital through the sale of equity or debt
instruments to implement its business plan. However, there is no assurance these plans will be realized