Company: SNBH
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001731122-25-001574
Chunk: 55

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 8
Chunk 55
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 equipment of $77,044, Inventory for sale of
$283,452 and accounts receivable and other assets of $234,944.

On July 5, 2025, Aqua Emergency,
Inc. (Nevada), a 51%-owned subsidiary, in a combination of the business from Aqua Emergency, Inc. (Florida) valued at $1,905,272 via a
Bill of Sale. In consideration for the assets received, Sentient Brands issued $1,905,272 of Acquisition Credits as defined in the Share
Exchange Agreement between the Company and Aqua Emergency, Inc. (FL) which was signed in June. Assets include inventory $106,517, accounts
receivable $301,360, perpetual license for intellectual property $1,150,000.00, prepaid assets $33,617 and Goodwill of $334,520. Consideration
was Acquisition Credits (deferred contingent liability).

On
September 10, 2025, Board of Directors and the Majority Stockholder, respectively, approved the reverse recapitalization of thirty-to-one
of the existing common stock (the “Reverse”) and the filing of a Certificate of Amendment (the “Amendment”) to
the Company’s Amended Articles of Incorporation with the Secretary of State of Nevada to reflect such recapitalization.

Note
1: 

Basis
of Presentation

Our
financial statements are presented in conformity with accounting principles generally accepted in the United States of America, as reported
on our fiscal years ending on December 31, 2025 and 2024. We have summarized our most significant accounting policies. They do not include
all information and footnotes required for annual financial statements. These statements should be read in conjunction with the Form
10-K for the year ended December 31, 2024.

On
September 10, 2025, the majority stockholder approved a 30:1 reverse stock split, effective approximately October 15, 2025 (20 days after
mailing the DEF 14C). Numbers herein are pre-split.

Asset
Acquisition 

The
Company currently has limited operations. These unaudited consolidated financial statements have been prepared assuming that the Company
will continue as a going concern, which contemplates, among other things, the realization of assets and the satisfaction of liabilities
in the normal course of business.

As
reflected in the accompanying unaudited consolidated financial statements,
the Company had an accumulated deficit of $(5,533,323)