Company: SNBH
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001731122-25-001154
Chunk: 18

Company: SENTIENT BRANDS HOLDINGS INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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1, default interest of 3% monthly will apply. On January 17, 2020, the Company repaid
$20,000 of the principal outstanding reducing the note balance to $150,046. An additional $10,000 was received on March 16, 2021, but
subsequently returned in April 20, 2021. Accrued interest on this note totaled $90,521 at December 31, 2024. On February 26, 2025, the
lender converted 100% of the debt and all of the accrued interest into 4,181,284 shares of the Company’s common stock. See Note
6.

During 2022 and 2023, the Company received proceeds
from various loans from Adriatic Advisors LLC. At December 31, 2023 and 2022, the Company had $383,146 and $332,825 due to Adriatic Advisors
LLC, respectively. The notes mature on the earlier of (i) the closing of the Company’s next equity financing, or (ii) six months
after the date of issue. At the note holder’s sole election on the maturity date, the note holder may convert the interest accrued
on the note into shares of common stock of the Company at $0.05 per share. Accrued interest on these notes totaled $129,427 at December
31, 2024. On March 11, 2025, the lender converted 100% of the debt and all of the accrued interest into 10,467,460 shares of the Company’s
common stock. See Note 6.

During May 2024, the Company received proceeds of
$11,500 from an investor. The note matures on the earlier of (i) the closing of the Company’s next equity financing, or (ii) six
months after the date of issue. At the note holder’s sole election on the maturity date, the note holder may convert the interest
accrued on the note into shares of common stock of the Company at $0.05 per share. Accrued interest on this note totaled $1,357 at
December 31, 2024. During the first quarter of 2025, the lender converted 100% of the debt and all of the accrued interest into 247,250
shares of the Company’s common stock. The common shares were issued April 3, 2025. See Note