Company: FMHS
Filing Date: 2025-07-22
Form Type: 10-Q
Source: 0001096906-25-001169
Chunk: 0

Company: FARMHOUSE, INC. /NV
Filing Date: 2025-07-22
Form: 10-Q
Item: Part I, Item 1
Chunk 0
---
         
  SUPPLEMENTAL DISCLOSURE OF CASH FLOW                                                                                                                  
  Interest paid                                                                                         $                  -      $         -           
  Income taxes                                                                                          $                  -      $         -           
  NON-CASH INVESTING AND FINANCING ACTIVITIES:                                                                                                          
  Accounts payable exchanged for convertible note payable                                               $              8,270      $         -           
  Accrued legal fees exchanged for convertible note payable                                             $            250,000      $         -           
  Accrued liabilities exchanged for convertible note payable                                            $             26,000      $         -           
  Note payable exchanged for convertible note payable                                                   $             17,167      $         -           
  Accrued interest exchanged for convertible note payable                                               $              2,663      $         -           
  Repayment of related party short-term advances with credit card                                       $                  -      $         ( 660)      
  The accompanying notes are an integral part of these condensed consolidated financial statements                                                      

FARMHOUSE, INC. AND SUBSIDIARIES

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

March 31, 2025

(Unaudited)

NOTE 1 - ORGANIZATION AND OPERATIONS

Farmhouse, Inc. (the “ Company”) is a Nevada corporation focused on technology and brand development. The Company operates through its wholly owned subsidiaries, including Farmhouse Washington and Farmhouse DTLA, Inc., and holds a portfolio of intellectual property assets, including domains and assorted trademarks. It is currently focused on strategic acquisitions to leverage its public company platform and enhance shareholder value.

Share Exchange Agreement with Thrown, LLC

On September 10, 2024, the Company entered into a Share Exchange Agreement (“ SEA”) with Thrown, LLC (“ Thrown”) and its members. Thrown is a beverage company and its initial product is Good Game by T-Pain, a nootropic esports beverage packaged in 2-ounce servings. Under the SEA, the Company will acquire all the membership interests of Thrown in exchange for 5,130,000 newly issued shares of common stock. As of the date of this report, the transaction has not closed, and discussions with Thrown management are ongoing. See Note 3.

Proposed Acquisition of Ledgewood Holdings, LLC

On June 9, 2025, the Company entered into a non-binding term sheet with Ledgewood Holdings, LLC (“ Ledgewood”), a multi