Company: MYSEW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076607
Chunk: 53

Company: Myseum, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 53
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 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. As of June 30, 2025 and December 31, 2024, the Company retained approximately 34.0% and
39.7%

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 of the award. The fair value of each option granted is estimated
as of the date of grant using the Black-Scholes-Merton option-pricing model, net of actual forfeitures. The fair value is amortized as
compensation cost on a straight-line basis over the requisite service period of the awards, which is generally the vesting period. The
Black-Scholes-Merton option-pricing model includes various assumptions, including the fair market value of our common stock, expected
life of stock options, the expected volatility, and the expected risk-free interest rate, among others. These assumptions reflect our
best estimates, but they involve inherent uncertainties based on market conditions generally outside of our control. As a result, if other
assumptions had been used, stock-based compensation expense, as determined in accordance with authoritative guidance, could have been
materially impacted. Furthermore, if we use different assumptions on future grants, stock-based compensation expense could be materially
affected in future periods.

Recently Issued Accounting Pronouncements

Refer to the notes to the unaudited consolidated
financial statements.

Results of Operations

Revenue

During the three months ended June