Company: MYSEW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001013762-25-004290
Chunk: 972

Company: Myseum, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 972
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to $5,280,903 as compared to $8,784,031 during the year ended December 31, 2023, a decrease of $3,503,128, or 39.9%.

Other Income (Expense)

Other income (expenses) primarily consisted of interest income, gain
on initial consolidation of variable interest entities, a forerign curreny exchange loss, a gain on deconsolidation of variable interest
entities, and realized gains on short-term investments. During the years ended December 31, 2024 and 2023, we reported other income, net
of $255,896 and $379,061, respectively.

During the year ended December 31, 2024, other
income, net primarily consisted of interest income of $268,754, a gain on deconsolidation of variable interest entities of $107, and
a foreign currency exchange loss of $12,965. During the year ended December 31, 2023, other income, net primarily consisted of interest
income of $384,098, a gain on initial consolidation of variable interest entities of $42,737, a foreign currency exchange loss of $102,
and a realized loss on short-term investments of $47,672.

Net Loss and Net Loss Attributable Common
Shareholders

Due to the foregoing reasons, during the years ended December 31, 2024
and 2023, our net loss was $5,025,007 and $8,404,970, respectively, a decrease of $3,379,963, or 40.2%. During the year ended December
31, 2024 and 2023, we adjusted net loss for the net loss of subsidiary attributable to noncontrolling interest by $785,847 and $0, respectively
Accordingly, during the years ended December 31, 2024 and 2023, our net loss attributable to common shareholders was $4,239,160, or $(1.43)
per common share (basic and diluted) and $8,404,970, or $(4.14) per common share (basic and diluted), respectively, a decrease of $4,165,810,
or 49.6%.

Liquidity, Capital Resources and Plan of Operations 

As of December 31, 2024, we had cash and cash
equivalents of $1,196,699 and short-term investments of $2,952,512