Company: SNBH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001731122-25-000760
Chunk: 62

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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 adoption until a future date are not expected to have a material impact
on our consolidated financial statements upon adoption. We do not discuss recent pronouncements that are not anticipated to have an impact
on or are unrelated to our consolidated financial condition, results of operations, cash flows or disclosures.

RESULTS OF OPERATIONS

Comparison of Results of Operations for the three
months ended March 31, 2025 and 2024

Revenue

We did not generate any revenue
during the three months ending March 31, 2025 and 2024.

Operating Expenses

For the three months ended
March 31, 2025 and 2024, operating expenses consisted of the following:

2025
 
2024

Advertising and Marketing

—

—

General and Administrative

7,652

7,886

Legal and Professional

217,038

316,283

Management Fees

268,860

28,600

TOTAL OPERATING EXPENSES

493,550

352,769

21

    ●
    General and administrative fees totaled $7,652 for the three months ended March 31, 2025 representing a decrease of $234 compared to the total of $7,886 for the three months ended March 31, 2024. We have implemented austerity measures as we seek additional capital and merger or acquisition opportunities.

    ●
    Legal and professional fees primarily consisted of accounting fees, legal service fees, consulting fees, investor relations and other fees incurred for service related to being a public company. For the three months ended March 31, 2024, professional fees totaled $217,038 which is a decrease of $99,245 compared to total expense of $316,283 for the three months ended March 31, 2024. The majority of the expense in the first quarter of 2024 is related to the merger deal which was consummated in April 2025. The majority of the expense in 2024 was attributed to the $258,000 non-cash expense of market value of 2,000,000 shares issued to a consultant related to the merger deal. 

    ●
    Our management fees are comprised mainly of salaries paid to our management staff. For the first three months of 2024, we recorded an expense of $268,860 of management fees for work associated with negotiated and closing the merger deal in April 2025. Fees totaling 28,600 were recognized for the first three months of 2024 for work associated with fund raising