Company: SNBH
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001731122-25-000581
Chunk: 433

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 5
Chunk 433
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 asset. Long-lived assets and certain identifiable
intangible assets to be disposed of are reported at the lower of carrying amount or fair value less costs to sell.

    F-9

Recently Issued and Adopted Accounting Standards

From time to time, new accounting pronouncements are
issued by the Financial Accounting Standards Board or other standard setting bodies that may have an impact on the Company’s accounting
and reporting. The Company believes that such recently issued accounting pronouncements and other authoritative guidance for which the
effective date is in the future either will not have an impact on its accounting or reporting or that such impact will not be material
to its financial position, results of operations, and cash flows when implemented.

NOTE 3. GOING CONCERN

The accompanying financial statements have been prepared
assuming that the Company will continue as a going concern. The Company has incurred losses since inception and has an accumulated deficit
of $4,669,826 and $3,533,380 as of December 31, 2024 and 2023 respectively. The Company has a working capital deficit of $2,206,318 and
$1,957,552 at December 31, 2024 and 2023, respectively. The Company currently has limited liquidity and has not completed its efforts
to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time. These factors among
others, raises substantial doubt about its ability to continue as a going concern. The financial statements do not include any adjustments
that may result from the outcome of these uncertainties. The Company will require additional financing moving forward and is pursuing
various strategies to accomplish this, including seeking equity funding and/or debt funding from private placement sources. Although management
believes that it will be able to obtain the necessary funding to allow the Company to remain a going concern through the methods discussed
above, there can be no assurances that such methods will prove successful.

Management anticipates that the Company will be dependent,
for the near future, on additional investment capital to fund operating expenses. There are no assurances that the Company will be successful
in this or any of its endeavors or become financially viable and continue as a going concern.

NOTE 4. INVENTORIES

Inventories are stated at the lower of cost and net
realizable value. Cost is determined using the moving average method and net realizable value is the estimated selling price less costs
of disposal in the ordinary course of business. The cost of inventories includes direct costs plus