Company: MYSEW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004290
Chunk: 830

Company: Myseum, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 830
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of cash flows may not necessarily agree with the changes in the corresponding balances on the balance sheets. Translation adjustments
resulting from the process of translating the local currency financial statements into U.S. dollars are included in determining comprehensive
loss. The cumulative translation adjustment and effect of exchange rate changes on cash for the years ended December 31, 2024 and 2023
was $0 and $12,965, respectively. Transactions denominated in foreign currencies are translated into the functional currency at the exchange
rates prevailing on the transaction dates. Assets and liabilities denominated in foreign currencies are translated into the functional
currency at the exchange rates prevailing at the balance sheet date with any transaction gains and losses that arise from exchange rate
fluctuations on transactions denominated in a currency other than the functional currency included in the results of operations as incurred.
On March 31, 2024, based on the Company’s analysis, the Company deconsolidated Metabizz SAS (See Note 1).

For Metabizz SAS, which is located in Columbia,
asset and liability accounts on December 31, 2023 were translated at 0.0002582 COP to $1.00, which was the exchange rate on the balance
sheet date, and results of operations and cash flows are translated at the average exchange rates during the period of 0.00023415 COP
to $1.00.

Basic and diluted net loss per share

Basic net loss per share is computed by dividing
the net loss by the weighted average number of common shares during the period. Diluted net loss per share is computed using the
weighted average number of common shares and potentially dilutive securities outstanding during the period. The following were excluded
from the computation of diluted shares outstanding as they would have had an anti-dilutive impact on the Company’s net loss.

    December 31, 

    2024  
    2023 
  
    Common stock equivalents: 

    Common stock warrants 
     67,385  
     67,385 
  
    Common stock options 
     114,570  
     158,670 
  
    Total 
     181,955  
     226,055 

Segment reporting

The Company operates as a single operating segment as a technology-based
company that is developing social media applications and technologies. In accordance with ASC 280 – “Segment Reporting”,
the Company’s chief operating decision maker has been identified as the Chief Executive Officer