Company: MYSEW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004290
Chunk: 773

Company: Myseum, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 773
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 connection with the initial consolidation of Metabizz, on February 14, 2023 (the initial consolidation date), the Company recorded
a gain on initial consolidation of variable interest entities of $42,737.

On March 31, 2024, based on the Company’s
analysis, the Company deconsolidated Metabizz, LLC and Metabizz SAS. During the three months ended March 31, 2024, the Company ceased
doing business with Metabizz, LLC and Metabizz SAS and will pay technology professionals directly. In connection with the deconsolidation
of Metabizz, LLC and Metabizz SAS, during the nine months ended September 30, 2024, the Company recorded a gain on deconsolidation of
$107.

On August 27, 2024, the Company entered into
an Asset Purchase Agreement with the Seller, pursuant to which it acquired from Seller the Assets (See Note 1) in consideration for the
transfer by the Company of 8,000,000 restricted shares of common stock of RPM Interactive. Accordingly, as of September 30, 2024, the
Company owned 45.5% 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