Company: HYEX
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001096906-25-000753
Chunk: 12

Company: HEALTHY EXTRACTS INC.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 7
Chunk 12
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 issuance of debt or the sale of our securities until such time as our cash flows from operations will consistently satisfy our cash flow needs. 

Our cash, current assets, total assets, and current and total liabilities as of March 31, 2025 and December 31, 2024 were as follows:

December 31,
 
December 31,
 
Increase/

2024
 
2024
 
(Decrease)

Cash
$
118,798
 
$
112,020
 
$ 
6,778

Total Current Assets
1,480,680

1,659,388
 
(178,708)

Total Assets
2,411,485

2,377,973
 
33,512

Total Current and Total Liabilities
2,350,977

1,967,596
 
383,380

Our total current assets and total assets increased slightly during the three months ended March 31, 2025 primarily as a result of our increase in right of use asset, net of $186,549 and our increase in accounts receivable of $58,977, offset in part by a decrease in inventory of $218,589. Our accumulated deficit increased during the three months ended March 31, 2025, by $398,860 to $19,639,204.

In order to repay our obligations in full or in part when due, we will be required to raise significant capital from other sources. There is no assurance, however, that we will be successful in these efforts.

Cash Requirements

Our cash on hand as of March 31, 2025 was $118,798. Based on our current level of revenues, we will need to continue to fund operations by raising capital from the sale of our stock and debt financings.

Sources and Uses of Cash 

Operating Activities

We had net cash from operating activities of $60,021 for the three months ended March 31, 2025, compared to net cash from operating activities of $18,724 for the three months ended March 31, 2024. We use our cash for normal business operations. Our net cash from operating activities for the three months ended March 31, 2025 consisted of our net loss of $398,860, offset in part by our change in fair value on derivative liability of $255,454, decrease in inventory of $218,589, increase in right of use asset, net $186,549, and lease liability-long-term of $135,339. Our