Sentient Brands Holdings Inc. Files 10-K for Fiscal Year Ended December 31, 2023

TL;DR

<b>Sentient Brands Holdings Inc. has filed its annual 10-K report for the fiscal year ending December 31, 2023, detailing its corporate information and financial reporting period.</b>

AI Summary

SENTIENT BRANDS HOLDINGS INC. (SNBH) filed a Annual Report (10-K) with the SEC on April 16, 2024. Sentient Brands Holdings Inc. filed its 10-K report for the fiscal year ending December 31, 2023. The company was formerly known as Intelligent Buying, Inc. and changed its name on April 6, 2006. Sentient Brands Holdings Inc. is incorporated in Nevada. The company's business address is 590 Madison Ave, 21st Floor, New York, NY 10022. The filing covers the fiscal year from January 1, 2023, to December 31, 2023.

Why It Matters

For investors and stakeholders tracking SENTIENT BRANDS HOLDINGS INC., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Sentient Brands Holdings Inc.'s financial performance and business operations for the fiscal year 2023, which is crucial for investors to assess the company's current standing and future prospects. Understanding the company's historical information, including its former name and state of incorporation, provides context for its evolution and legal structure.

Risk Assessment

Risk Level: low — SENTIENT BRANDS HOLDINGS INC. shows low risk based on this filing. The filing is a standard 10-K annual report, which typically contains routine financial and operational information, posing no immediate or unusual risks.

Analyst Insight

Review the full 10-K filing for detailed financial statements, risk factors, and management discussion to understand Sentient Brands Holdings Inc.'s performance and strategic direction.

Key Numbers

• 20231231 — CONFORMED PERIOD OF REPORT (Fiscal year end)
• 20240416 — FILED AS OF DATE (Date of filing)
• 2023-12-31 — FISCAL YEAR END (Company's fiscal year end)
• 20060406 — DATE OF NAME CHANGE (Former company name change date)

Key Players & Entities

• SENTIENT BRANDS HOLDINGS INC. (company) — FILER
• Intelligent Buying, Inc. (company) — FORMER COMPANY
• New York (location) — BUSINESS ADDRESS CITY
• NV (location) — STATE OF INCORPORATION

FAQ

Industry Context

Sentient Brands Holdings Inc. operates within the RETAIL-COMPUTER & COMPUTER SOFTWARE STORES sector, as indicated by its SIC code 5734.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, which governs the reporting requirements for public companies in the United States.

What Investors Should Do

1. Thoroughly review the financial statements and footnotes within the 10-K for detailed revenue, net income, and balance sheet information.
2. Examine the 'Risk Factors' section (if available in the full document) to understand potential challenges and uncertainties facing the company.
3. Investigate any disclosures regarding executive compensation and corporate governance practices.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K filing.
• 2024-04-16: Filing Date — Date the 10-K report was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial 10-K filing for the fiscal year 2023. Previous filings would provide comparative data for prior periods.

Key Financial Figures

• $0.001 — Exchange Act: Common Stock, par value $0.001 per share (Title of class) As of Jun
• $100,000 — lthy in the future. HENRYs earn between $100,000 and $250,000 annually. They are digital
• $250,000 — uture. HENRYs earn between $100,000 and $250,000 annually. They are digitally fluent, lo
• $2 million — ndustry participants generate less than $2 million in annual revenue. We see this an oppor
• $45 billion — ing the combined market to reach nearly $45 billion within the U.S. in the year 2024. While
• $5.3 b — still predicting the market to grow to $5.3 billion, $12.6 billion, and $2.2 billion
• $12.6 b — ing the market to grow to $5.3 billion, $12.6 billion, and $2.2 billion by 2024 in the
• $2.2 billion — row to $5.3 billion, $12.6 billion, and $2.2 billion by 2024 in the product areas of low THC
• $477,734 — December 31, 2023, we had a net loss of $477,734, and as of December 31, 2023, we had an
• $3,533,380 — 2023, we had an accumulated deficit of $3,533,380 and a working capital deficit of $1,957
• $1,957,552 — 33,380 and a working capital deficit of $1,957,552. Our ability to fund our capital requir

Filing Documents

• e5586_10k.htm (10-K) — 731KB
• e5586_ex31-1.htm (EX-31.1) — 8KB
• e5586_ex31-2.htm (EX-31.2) — 8KB
• e5586_ex32-1.htm (EX-32.1) — 4KB
• e5586_ex32-2.htm (EX-32.2) — 4KB
• image_002.jpg (GRAPHIC) — 4KB
• 0001731122-24-000645.txt (&nbsp;) — 2866KB
• snbh-20231231.xsd (EX-101.SCH) — 24KB
• snbh-20231231_cal.xml (EX-101.CAL) — 30KB
• snbh-20231231_def.xml (EX-101.DEF) — 69KB
• snbh-20231231_lab.xml (EX-101.LAB) — 173KB
• snbh-20231231_pre.xml (EX-101.PRE) — 140KB
• e5586_10k_htm.xml (XML) — 237KB

Business

Business 1 Item 1A.

Risk Factors

Risk Factors 6 Item 1B. Unresolved Staff Comments 19 Item 2.

Properties

Properties 19 Item 3.

Legal Proceedings

Legal Proceedings 19 Item 4. Mine Safety Disclosure 19 PART II 20 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 20 Item 6.

Selected Financial Data

Selected Financial Data 21 Item 7.

Management's Discussion and Analysis of Financial

Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Item 7A.

Quantitative and Qualitative Disclosures About Market

Quantitative and Qualitative Disclosures About Market Risk 29 Item 8.

Financial Statements

Financial Statements 29 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 29 Item 9A.

Controls and Procedures

Controls and Procedures 29 Item 9B. Other Information 31 PART III 32 Item 10. Directors, Executive Officers and Corporate Governance 32 Item 11.

Executive Compensation

Executive Compensation 34 Item 12.

Security Ownership of Certain Beneficial Owners and

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 36 Item 13. Certain Relationships and Related Transactions, and Director Independence 37 Item 14. Principal Accountant Fees and Services 38 Item 15. Exhibits 39

Signatures

Signatures 43 PART I

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS CERTAIN STATEMENTS IN THIS ANNUAL REPORT MAY CONSTITUTE "FORWARD LOOKING STATEMENTS". WHEN THE WORDS "BELIEVES", "ANTICIPATES", "INTENDS", "EXPECTS", "PLANS", "SEEKS", "PROJECTS", "ESTIMATES" AND SIMILAR EXPRESSIONS ARE USED, THEY IDENTIFY FORWARD-LOOKING STATEMENTS. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON MANAGEMENT'S CURRENT BELIEFS AND ASSUMPTIONS AND INFORMATION CURRENTLY AVAILABLE TO MANAGEMENT AND INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS WHICH MAY CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY THESE FORWARD-LOOKING STATEMENTS. INFORMATION CONCERNING FACTORS THAT COULD CAUSE OUR ACTUAL RESULTS TO DIFFER MATERIALLY FROM THESE FORWARD-LOOKING STATEMENTS CAN BE FOUND IN OUR PERIODIC REPORTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. WE UNDERTAKE NO OBLIGATION TO PUBLICLY RELEASE REVISIONS TO THESE FORWARD-LOOKING STATEMENTS TO REFLECT FUTURE EVENTS OR CIRCUMSTANCES OR REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS. Unless otherwise indicated, references to "we", "us", "our", "Company", "Sentient Brands", and "SNBH" mean Sentient Brands Holdings Inc. and its subsidiaries, and references to "fiscal" mean the Company's fiscal year ended December 31. References to the "parent company" mean Sentient Brands Holdings Inc.

BUSINESS

ITEM 1. BUSINESS General Unless the context otherwise requires, in this report, the terms "Sentient Brands", "Company", "SNBH", "we", or "our" refers to Sentient Brands Holdings Inc., a Nevada corporation. The Company's principal office is located at 590 Madison Avenue, 21 st Floor, New York, New York 10022. The Company's telephone number is (646) 202-2897. The Company's website is www.sentientbrands.com. The Company reports its operations using a fiscal year ending December 31, and the operations reported on this Form 10-K are presented on a consolidated basis. The Company files Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, registration statements and other items with the Securities and Exchange Commission ("SEC"). In this Annual Report on Form 10-K, the language "this fiscal year" or "current fiscal year" refers to the 12-month period ended December 31, 2023. In addition, the public may read and copy any materials the Company's files with the SEC at the SEC's Public Reference Room at 100 F Street, N.E., Room 1580, Washington, D.C. 20549. The public may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC maintains an internet site ( www.sec.gov ) that contains reports, proxy and information statements regarding issuers, like the Company, that file electronically with the SEC. Overview Sentient Brands is a next-level product development and brand management company with a focus on building innovative brands in the Luxury and Premium Market space. The Company has a Direct-to Consumer business model focusing on the integration of CBD, wellness and beauty for conscious consumers. The Company incorporates an omnichannel approach in its marketing strategies to ensure that its products are accessible across both digital and retail channels. The Company develops and nurtures Lifestyle Brands with carefully thought-out ingredients, packaging, fragrance and design.

RISK FACTORS

ITEM 1A. RISK FACTORS You should carefully consider the following material risk factors as well as all other information set forth or referred to in this report before purchasing shares of our common stock. Investing in our common stock involves a high degree of risk. The Company believes all material risk factors have been presented below. If any of the following events or outcomes actually occurs, our business operating results and financial condition would likely suffer. As a result, the trading price of our common stock could decline, and you may lose all or part of the money you paid to purchase our common stock. Risks Related to Our Business and Industry We are an early-stage company with very limited operating history. Such limited operating history may not provide an adequate basis to judge our future prospects and results of operations. We have a limited operating history. We have limited experience and operating history in which to assess our future prospects as a company, and this limited experience is compounded by our recent shift in business towards product development and sales. In addition, the market for our products is highly competitive. If we fail to successfully develop and offer our products and services in an increasingly competitive market, we may not be able to capture the growth opportunities associated with them or recover our development and marketing costs, and our future results of operations and growth strategies could be adversely affected. Our limited history may not provide a meaningful basis for investors to evaluate our business, financial performance, and prospects. We may fail to successfully execute our business plan. Our shareholders may lose their entire investment if we fail to execute our business plan. Our prospects must be considered in light of the following risks and uncertainties, including but not limited to, competition, the erosion of ongoing revenue streams, the ability to retain experienced personnel an

View Full Filing

View this 10-K filing on SEC EDGAR