Company: SNBH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001731122-25-000760
Chunk: 28

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 28
---
 services received in exchange for an award of equity instruments over
the period the employee or director is required to perform the services in exchange for the award. The Accounting Standards Codification
also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair
value of the award.

Pursuant to ASC Topic 505-50, for share-based payments
to consultants and other third-parties, compensation expense is determined at the “measurement date.” The expense is recognized
over the period of services or the vesting period, whichever is applicable. Until the measurement date is reached, the total amount of
compensation expense remains uncertain. We record compensation expense based on the fair value of the award at the reporting date. The
awards to consultants and other third parties are then revalued, or the total compensation is recalculated based on the then current fair
value, at each subsequent reporting date.

Recent Accounting Pronouncements

Other accounting standards
that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact
on our consolidated financial statements upon adoption. We do not discuss recent pronouncements that are not anticipated to have an impact
on or are unrelated to our consolidated financial condition, results of operations, cash flows or disclosures.

RESULTS OF OPERATIONS

Comparison of Results of Operations for the three
months ended March 31, 2025 and 2024

Revenue

We did not generate any revenue
during the three months ending March 31, 2025 and 2024.

Operating Expenses

For the three months ended
March 31, 2025 and 2024, operating expenses consisted of the following:

2025
 
2024

Advertising and Marketing

—

—

General and Administrative

7,652

7,886

Legal and Professional

217,038

316,283

Management Fees

268,860

28,600

TOTAL OPERATING EXPENSES

493,550

352,769

21

    ●
    General and administrative fees totaled $7,652 for the three months ended March 31, 2025 representing a decrease of $234 compared to the total of $7,886 for the three months ended March 31, 2024. We have implemented austerity measures as we seek additional capital and merger or acquisition opportunities.

    ●
    Legal and professional fees primarily consisted of accounting fees, legal service fees, consulting fees, investor relations and