Company: MYSEW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110045
Chunk: 131

Company: Myseum, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 131
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Black-Scholes-Merton option-pricing model includes various assumptions, including the fair market value of our common stock, expected
life of stock options, the expected volatility, and the expected risk-free interest rate, among others. These assumptions reflect our
best estimates, but they involve inherent uncertainties based on market conditions generally outside of our control. As a result, if other
assumptions had been used, stock-based compensation expense, as determined in accordance with authoritative guidance, could have been
materially impacted. Furthermore, if we use different assumptions on future grants, stock-based compensation expense could be materially
affected in future periods.

Recently Issued Accounting Pronouncements

Refer to the notes to the unaudited consolidated
financial statements.

Results of Operations

Revenue

During the three months ended September 30, 2025
and 2024, we generated minimal revenues of $328 and $62, respectively. During the nine months ended September 30, 2025 and 2024, we generated
minimal revenues of $489 and $344, respectively. Revenue consisted of subscription revenues.

26

Operating expenses

For the three months ended September 30, 2025,
operating expenses amounted to $1,280,929 as compared to $1,238,246 for the three months ended September 30, 2024, an increase of $42,683,
or 3.3%. For the nine months ended September 30, 2025, operating expenses amounted to $4,348,364 as compared to $4,169,050 for the nine
months ended September 30, 2024, an increase of $179,314, or 4.3%. For the three and nine months ended September 30, 2025 and 2024, operating
expenses consisted of the following:

    Three Months Ended September 30,  
    Nine Months Ended September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Compensation and related expenses 
    $775,965  
    $461,422  
    $2,422,352  
    $1,881,682 
  
    Marketing and advertising expenses 
     54,087  
     34,134  
     164,590  
     101,734 
  
    Professional and consulting expenses 
     221,275  
     222,220