Company: MYSEW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004290
Chunk: 1183

Company: Myseum, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 1183
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 other digital assets, the valuation of lease liabilities and related right of use assets, the valuation of short-term investments,
the valuation of deferred tax assets, the fair value of assets and liabilities of VIE’s on the initial VIE consolidation date, the
allocation of corporate expenses to subsidiaries which impacts noncontrolling interest, and the fair value of non-cash equity transactions.

Cash and cash equivalents

The Company considers all highly liquid debt instruments
and other short-term investments with maturities of three months or less, when purchased, to be cash equivalents. The Company maintains
cash and cash equivalent balances at one financial institution that is insured by the Federal Deposit Insurance Corporation (“FDIC”).
The Company’s account at this institution is insured by the FDIC up to $250,000. On December 31, 2024 and 2023, the Company had
cash in excess of FDIC limits of approximately $524,000 and $446,000, respectively. To reduce its risk associated with the failure of
such financial institution, the Company evaluates at least annually the rating of the financial institution in which it holds deposits.
Any material loss that the Company may experience in the future could have an adverse effect on its ability to pay its operational expenses
or make other payments and may require the Company to move its cash to other high quality financial institutions.

Fair value measurements and fair value of
financial instruments

The carrying value of certain financial instruments,
including cash and cash equivalents, accounts payable and accrued expenses, and due to related party are carried at historical cost basis,
which approximates their fair values because of the short-term nature of these instruments.

The Company analyzes all financial instruments
with features of both liabilities and equity under the Financial Accounting Standard Board’s (the “FASB”) accounting
standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest
level of input that is significant to the fair value measurement.

F-10

DATCHAT, INC. AND SUBSIDIARIES AND CONSOLIDATED ENTITIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024 and 2023

The following table represents the Company’s
fair value hierarchy of its financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 and 2023.

    December 31, 2024  
    December 31, 2023 
  
    Description 
    Level