Company: MYSEW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076607
Chunk: 86

Company: Myseum, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 86
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 Metabizz, LLC and Metabizz SAS were considered VIE’s, any noncontrolling interest eliminated in consolidation.
On March 31, 2024, based on the Company’s analysis, the Company deconsolidated Metabizz, LLC and Metabizz 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 six months ended June 30, 2024, the Company
recorded a gain on deconsolidation of $107.

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 June 30, 2025 and December 31, 2024, the Company retains approximately 34.0% and 39.7%

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

    June 30,  
    December 31, 

    2025  
    2024 
  
    Cash 
    $3,805  
    $429,714 
  
    Prepaid expenses 
     5,826  
     16,956 
  
    Deferred offering costs 
     122,500  
     - 
  
    Intangible assets, net 
     1,224,641  
     1,050,000 
  
    Total assets 
    $1,356,772  
    $1,496,670 

    Due to Myseum (eliminates in consolidation) 
    $5,190,352  
    $4,990