Company: SNBH
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001731122-25-001154
Chunk: 70

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 70
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    ●
    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 June 30, 2025, professional fees totaled $242,463 which is an increase of $189,868 compared to total expense of $52,595 for the three months ended June 30, 2024. Legal fees related to the closing of the AIG F&B acquisition were approximately $43,000. We also recorded a charge of $176,000 for 2 million shares of our common stock issued to a former contractor as a success fee for the closing of the acquisition. The majority of the expense in 2024 was attributed to fees involved with the beginning of the search for acquisition targets and fund raising activities. 

    ●
    Our management fees are comprised mainly of salaries paid to our management staff. For the three months ended June 30, 2025, we recorded an expense of $84,245 of management fees for work associated with negotiated and closing the merger deal in April 2025. Fees totaling 92,500 were recognized for the same period of 2024 for work associated with fund raising and merger activity.

Loss from Operations

The Company’s operating loss for the three-month
period ended June 30, 2025 and 2024 was $356,768 and $161,169, respectively. The increase in operating loss of $195,599 was primarily
attributed to the non-cash expense related to stock issued for professional services and management fees.

21 

Interest Expense

Interest Expense is related to our convertible and
    other notes payable. During the three months ended June 30, 2025, interest expense totaled $39,368 compared to $63,985 for the same period
    in 2024. The decrease in 2025 is a result of the several conversions of debt into equity during the first quarter of 2025.

Income Taxes

We did not have any income
taxes expense for the three months ended June 30, 2025 and 2024.

Net Loss

Our net loss for the three months period ended June 30, 2025 and 2024 was
$396,136 and $225,154, respectively.

Comparison of Results of Operations for the six
months ended June 30, 2025 and 2024

Revenue

We generated revenue of
110,600