Sentient Brands Holdings Inc. reported a net loss of $1,136,446 for the fiscal year ending December 31, 2024, a significant increase from the previous year's loss of $477,734. The company's accumulated deficit now stands at $4,669,826, reflecting ongoing financial challenges. Revenue generation remains minimal, with the company not reporting significant revenue for both 2024 and 2023. Operating expenses surged to $881,648 in 2024, up from $250,959 in 2023, primarily due to increased legal and professional fees associated with merger activities and management fees as the company pursued strategic growth opportunities.
In a notable strategic development, Sentient Brands completed an acquisition agreement with American Industrial Group on April 10, 2025, through its subsidiary AIG F&B. This agreement allows Sentient Brands to acquire various assets and rights from AIG in exchange for acquisition credits, which will be converted into shares of common stock. This move is part of the company's broader strategy to expand its product offerings and market presence, particularly in the luxury and premium wellness sectors.
Operationally, Sentient Brands has focused on its Oeuvre product line, a luxury skincare brand that emphasizes clean, vegan, and environmentally responsible ingredients. The company targets a demographic of high earners who are likely to become affluent consumers in the future. Despite the challenges, the company aims to leverage its marketing strategies, including social media engagement, to enhance brand awareness and customer acquisition. As of the end of 2024, the company employed one full-time employee and relied on independent contractors, indicating a lean operational structure.
Looking ahead, Sentient Brands acknowledges the need for additional funding to support its operations and growth initiatives. The company reported a working capital deficit of $2,291,318 as of December 31, 2024, raising concerns about its ability to continue as a going concern. Management has indicated that future operations will depend on securing additional financing, which may include equity or debt offerings. The company remains optimistic about its growth potential but recognizes the inherent risks associated with its business model and market conditions.
About SENTIENT BRANDS HOLDINGS INC.
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