Company: MYSEW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004290
Chunk: 380

Company: Myseum, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 380
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.5% of RPM Interactive. On August 27, 2024, based on the Company’s analysis, 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.

Stock-based compensation

Stock-based compensation is accounted for based
on the requirements of the Share-Based Payment Topic of ASC 718, “Compensation — Stock Compensation” (“ASC 718”),
which requires recognition in the financial statements of the cost of employee, non-employee and director services received in exchange
for an award of equity instruments over the period the employee, non-employee or director is required to perform the services in exchange
for the award (presumptively, the vesting period). ASC 718 also requires measurement of the cost of employee, non-employee, and director
services received in exchange for an award based on the grant-date fair value of the award. The fair value of each option granted is
estimated as of the date of grant using the Black-Scholes-Merton option-pricing model, net of actual forfeitures. The fair value is amortized
as compensation cost on a straight-line basis over the requisite service period of the awards, which is generally the vesting period.
The Black-Scholes-Merton option-pricing model includes various assumptions, including the fair market value of our common stock, the
expected life of stock options, the expected volatility, and the expected risk-free interest rate, among others. These assumptions reflect
our best estimates, but they involve inherent uncertainties based on market conditions generally outside of our control. As a result,
if other assumptions had been used, stock-based compensation expense, as determined in accordance with authoritative guidance, could
have been materially impacted. Furthermore, if we use different assumptions on future grants, stock-based compensation expense could
be materially affected in future periods.

Noncontrolling interests

The Company follows ASC Topic 810, “Consolidation,”
governing the accounting for and reporting of noncontrolling interests (“NCI”) in partially owned consolidated subsidiaries
and the loss of