Company: HYEX
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001096906-25-001864
Chunk: 11

Company: HEALTHY EXTRACTS INC.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 2
Chunk 11
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 and medium-term cash needs. We anticipate that these needs will be satisfied through increased revenues and the 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, current liabilities, and total liabilities as of September 30, 2025, and December 31, 2024, respectively, are as follows:

September 30,
 
December 31,
 
Increase/

2025
 
2024
 
(Decrease)

Cash
$
189,452
 
$
112,020
 
$ 
77,432

Total Current Assets
1,728,402

1,659,388
 
69,014

Total Assets
26,191,067

2,377,973
 
23,813,093

Total Current and Total Liabilities
2,129,552

1,967,596
 
161,956

Our total current assets increased slightly during the nine months ended September 30, 2025 primarily because of an increase in note receivable of $391,890, offset in part by a decrease in inventory of $394,694.  Our total assets increased substantially during the nine months ended September 30, 2025, as a result of an increase in goodwill of $23,536,656 from our acquisition of Gummy USA LLC. Our accumulated deficit increased during the nine months ended September 30, 2025, by $727,133 to $19,967,477.

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 September 30, 2025 was $189,452. Based on our current level of revenues and potential monthly burn rate of approximately $20,000, we will need to continue to fund operations by raising capital from the sale of our stock and debt financings.

24

Sources and Uses of Cash 

Operating Activities

We had net cash used in operating activities of $242,634 for the nine months ended September 30, 2025, compared to net cash from operating activities of $240,090 for the nine months ended September 30, 2024. We use our cash for normal business operations. Our net cash from operating activities for the nine months ended September 30, 2025