Company: MYSEW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004290
Chunk: 1263

Company: Myseum, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9
Chunk 1263
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 SAS. During the three months ended March 31, 2024, the Company ceased
doing business with Metabizz, LLC and Metabizz SAS and will pay technology professionals directly. In connection with the deconsolidation
of Metabizz, LLC and Metabizz SAS, during the year ended December 31, 2024, the Company recorded a gain on deconsolidation of $107.

F-9

DATCHAT, INC. AND SUBSIDIARIES AND CONSOLIDATED ENTITIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024 and 2023

Immediately following the August 27, 2024 Asset
Purchase Agreement with the Seller (See Note 1), the Company owned 46.7% of RPM Interactive. Based on the Company’s analysis, on
August 27, 2024, the Company determined 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 December 31, 2024,
the Company retains approximately 39.7% ownership of RPM Interactive.

The Company’s consolidated balance sheets
included the following assets and liabilities from its VIEs:

    December 31,  
    December 31, 

    2024  
    2023 
  
    Cash 
    $429,714  
    $5,862 
  
    Prepaid expenses 
     16,956  
     - 
  
    Intangible assets, net 
     1,050,000  
     - 
  
    Total assets 
    $1,496,670  
    $5,862 

    Due to DatChat (eliminates in consolidation) 
    $4,990,706  
    $1,023,746 
  
    Accounts payable and accrued expenses 
     26,845  
     - 
  
    Total liabilities 
    $5,017,551  
    $1,023,746 

L