Company: SNBH
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001731122-25-000581
Chunk: 278

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 3
Chunk 278
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Floor, New York, New York 10022. The Company’s telephone number is (646) 202-2897. The Company’s website is www.sentientbrands.com.

Going Concern

We have a limited operating history, and our continued growth is dependent
upon the continuation of selling our products to our customers; hence generating revenues and obtaining additional financing to fund future
obligations and pay liabilities arising from normal business operations. We had an accumulated deficit of $4,669,826 and $3,533,380 at
December 31, 2024 and 2023, respectively and a working capital deficit of $2,291,318 and $1,957,552 at December 31, 2024 and 2023, respectively.
The report of our independent registered public accounting firm on our financial statements for the year ended December 31, 2024 contained
an explanatory paragraph regarding our ability to continue as a going concern based upon cash used in operating activities and the current
cash balance cannot be projected to cover the operating expenses for the next twelve months from the release date of this report. These
factors, among others, raised substantial doubt about our ability to continue as a going concern. Our financial statements appearing elsewhere
in this report do not include any adjustments that might result from the outcome of this uncertainty. There are no assurances we will
be successful in our efforts to generate significant revenues or report profitable operations or to continue as a going concern, in which
event investors would lose their entire investment in our company.

Our ability to continue as
a going concern is dependent upon our ability to carry out our business plan, achieve profitable operations, obtain additional working
capital funds from our significant shareholders, and or through debt and equity financings. However, there can be no assurance that any
additional financings will be available to us on satisfactory terms and conditions, if any.

The accompanying consolidated
financial statements do not include any adjustments related to the recoverability or classification of asset-carrying amounts or the amounts
and classification of liabilities that may result should the Company be unable to continue as a going concern.

Critical Accounting Policies
and Estimates

Our discussion and analysis
of our financial condition and results of operations are based upon our consolidated financial statements, which have been prepared in
accordance with accounting principles generally accepted in the United States. The preparation of these consolidated financial statements
requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and