Company: SNBH
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001731122-25-000581
Chunk: 339

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 4
Chunk 339
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    Write down inventory to net realizable value 
     150,000  
     — 
  
    Management Fees 
     163,310  
     — 

    TOTAL OPERATING EXPENSES 
    $881,648  
    $250,959 

    ●
    Our advertising and marketing expense mainly includes our costs of branding, design and materials. We have eliminated our marketing activity as we pursue a merger or acquisition

    ●
    Professional fees primarily consisted of the following:

    For the year ended December 31,

    2024 
    2023
  
    Accounting and Auditing 
    $95,700  
    $62,200 
  
    Other advisory Services 
     29,373  
     16,817 
  
    Legal Fees 
     361,223  
     60,000 
  
    Social Media Consulting 
     900  
     — 

    $487,196  
    $139,017 

    ●
    Professional fees as a whole increased by $348,179 primarily due to the
increased legal and accounting fees related to potential merger activity.

    ●
    Management fees primarily consisted of compensation of our Chief Operating officer and a consultant. The fees increased during 2024 as the Company pursued a merger opportunity. No management fees were taken during 2023.

    ●
    Our general and administrative costs decreased by $29,743, as the Company’s cash restrictions, austerity measures were implemented to reduce expenses until such time as the cash flow improves. 

Income (Loss) from
Operations

As a result of the foregoing, for the year ended December
31, 2024, loss from operations amounted to $881,648, as compared to loss from operations of $250,859 for the year ended December 31, 2023.

24

Other Income (Expense)

Other income (expense) was ($254,798) for the year
ended December 31, 2024, compared to ($226,875) for the year ended December 31, 2023. The expenses for both years are entirely related
to interest expense, including default interest.

Income Taxes

We did not have any income
taxes expense for the years ended December 31, 2024 and December 31, 2023.

Net Income (Loss)

Net loss for the years ended
December 31, 2024 and 2023