Company: FMHS
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001096906-25-001317
Chunk: 23

Company: FARMHOUSE, INC. /NV
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 23
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 was due to new borrowings.

Net Loss. Net loss for the three months ended June 30, 2025, was $132,174, compared to a net loss of $139,119 for the same period in 2024. There was reduced stock-based compensation costs during the three months ended June 30, 2025, as mentioned above.

Liquidity and Capital Resources

Cash Flow and Working Capital

We had $12,958 and $413 in cash as of June 30, 2025 and December 31, 2024, respectively. Our working capital deficit was $ 1,958,241 as of June 30, 2025, compared to $2,334,745 as of December 31, 2024. We continue to experience limited access to capital and expect that additional financing will be necessary to fund our operations. Market conditions for microcap companies remain challenging, making it difficult to secure favorable terms. Our history of operating losses and our working capital deficit raise substantial doubt about our ability to continue as a going concern. Although we are actively seeking to obtain additional capital, there can be no assurance that such financing will be available on acceptable terms, or at all.

Cash Flow from Financing Activities

Historically, we have funded our operations through a combination of related party advances, private placements, and debt issuances. During the six months ended June 30, 2025, we raised $130,000 from the sale of Series 2025 Notes through the following transactions:

·$10,000 issued to an unrelated individual on February 24, 2025

·$35,000 issued to an unrelated individual on March 18 2025 (1)

·$25,000 issued to an unrelated individual on April 16, 2025

·$25,000 issued to the spouse of a Company director on April 18, 2025. This note was issued on the same terms as those offered to unaffiliated investors and was executed on an arm’s length basis

·$12,500 issued to an unrelated individual on April 21, 2025

·$12,500 issued to an unrelated individual on April 28, 2025

·$10,000 issued to an unrelated individual on June 23, 2025

(1)On March 18, 2025, we issued a Series 2025 Note in the principal amount of $61,000 to an individual investor. Of this amount,