Company: HYEX
Filing Date: 2025-04-22
Form Type: 10-K/A
Source: 0001096906-25-000553
Chunk: 54

Company: HEALTHY EXTRACTS INC.
Filing Date: 2025-04-22
Form: 10-K/A
Chunk 54
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, an increase of $428,434, or 340%. In the year ended December 31, 2024, other income (expense) consisted of interest expense, net of interest income of ($186,252) and change in fair value on derivative of $(471,270). In the year ended December 31, 2023, other income (expense) consisted of interest expense, net of interest income of ($176,948) and change in fair value on derivative of $(52,140). Change in fair value of derivative was related to the conversion of convertible debts into shares of common stock. Net Income (Loss) Net income (loss) was $(840,671), or $(0.28) per share, for the year ended December 31, 2024, compared to $(2,472,931), or $(0.85) per share, for the year ended December 31, 2023. Our net income (loss) varies from period to period primarily because of the change in fair value on derivative and our increase in general and administrative expenses. 45 Liquidity and Capital Resources Introduction During the year ended December 31, 2024, we had positive operating cash flows. Our cash on hand as of December 31, 2024 was $112,020. While we had positive net cash from operations for the year ended December 31, 2024, our monthly cash flow burn rate for the year ended December 31, 2023 was $35,000. We have both short- 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, and current and total liabilities as of December 31, 2024 and 2023 were as follows:

|                                     |      2024 | December 31, |     | 2023 | December 31, |     | (Decrease) | Increase/ |
|:------------------------------------|----------:|-------------:|:----|:-----|-------------:|:----|-----------:|----------:|
| Cash                                |         $ |      112,020 |     | $    |       19,441 |     |          $ |    92,579 |
| Total Current Assets                | 1,642,498 |              |     |      |    1,899