Company: SNBH
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001731122-25-001154
Chunk: 107

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 4
Chunk 107
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 the periods presented.

To remediate the material
weakness in our documentation, evaluation and testing of internal controls we plan to engage a third-party firm to assist us in remedying
this material weakness once resources become available.

We intend to remedy our material
weakness with regard to insufficient segregation of duties by hiring additional employees in order to segregate duties in a manner that
establishes effective internal controls once resources become available.

Changes in Internal Controls
over Financial Reporting

There were no changes (including
corrective actions with regard to material weakness) in our internal controls over financial reporting that occurred during the period
covered by this report that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

26 

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

From time to time, we are subject to ordinary routine
litigation incidental to our normal business operations. We are not currently a party to any litigation the outcome of which, if determined
adversely to us, would individually or in the aggregate be reasonably expected to have a material adverse effect on our business, operating
results, cash flows or financial condition.

ITEM 1A. RISK FACTORS

Risk factors describing the
major risks to our business can be found under Item 1A, “Risk Factors”, in our Annual Report on Form 10-K for the year ended
December 31, 2024. There has been no material change in our risk factors from those previously discussed in the Annual Report on Form
10-K.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES
AND USE OF PROCEEDS

    On February 6, 2025, the Company issued 3,000,000
    shares of its common stock to two individual for consulting services.
     
    On February 11, 2025, the Company issued 3,680,000
    shares of its common stock to George Furlan as a bonus related to the merger.
     
    On February 11, 2025, the Company issued 1,700,000
    shares of its common stock to James Mansour in full settlement of his amount due for past services. See Note 8.
     
    On February 20, 2025, the Company issued 3,272,031
    shares of its common stock to satisfy the previous conversion of debt. See Note 5.
     
    On