Company: SNBH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001731122-25-000760
Chunk: 29

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 other fees incurred for service related to being a public company. For the three months ended March 31, 2024, professional fees totaled $217,038 which is a decrease of $99,245 compared to total expense of $316,283 for the three months ended March 31, 2024. The majority of the expense in the first quarter of 2024 is related to the merger deal which was consummated in April 2025. The majority of the expense in 2024 was attributed to the $258,000 non-cash expense of market value of 2,000,000 shares issued to a consultant related to the merger deal. 

    ●
    Our management fees are comprised mainly of salaries paid to our management staff. For the first three months of 2024, we recorded an expense of $268,860 of management fees for work associated with negotiated and closing the merger deal in April 2025. Fees totaling 28,600 were recognized for the first three months of 2024 for work associated with fund raising and merger activity.

Loss from Operations

The Company’s operating loss for the three-month
period ended March 31, 2025 and 2024 was $493,550 and $352,769, respectively. The increase in operating loss of $140,781 was primarily
attributed to the non-cash expense related to stock issued for professional services and management fees.

Income Taxes

We did not have any income
taxes expense for the three months ended March 31, 2025 and 2024.

Net Loss

Our net loss for the three months period ended March 31, 2025 and 2024
was $491,297 and $416,754, respectively.

Liquidity and Capital
Resources

The consolidated financial
statements have been prepared using generally accepted accounting principles in the United States of America (“GAAP”) applicable
for a going concern, which assumes that the Company will realize its assets and discharge its liabilities in the ordinary course of business.

To the extent we are successful
in growing our business both organically and through acquisition, we continue to plan our working capital and the proceeds of any financing
to finance such acquisition costs.

Liquidity is the ability
of a company to generate funds to support its current and future operations, satisfy its obligations and otherwise operate on an ongoing
basis. At March 31, 2025, we had a cash balance of $1,839. These funds are kept in