Company: FMHS
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001096906-25-001317
Chunk: 7

Company: FARMHOUSE, INC. /NV
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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, 2025 and 2024, respectively. Accrued interest was $15,750and $13,569as of June 30, 2025 and December 31, 2024, respectively.

NOTE 6 - DUE TO RELATED PARTIES

Due to related parties is comprised of the following:

                                                                          June 30,                   December 31,               
                                                                                                                                
                                                                          2025                       2024                       
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Loans from Company officers                                             $              66,045      $                  69,549  
  Accrued liability to contracted CFO                                                   242,000                        218,000  
  Note Payable to Officer, in default                                                     4,500                          4,500  
  Accrued interest on related party notes                                                 1,308                            348  
  Total due to related parties – current                                                313,853                        292,397  
  Convertible note payable to related party – long term (see Note 7)                     25,000                              -  
  Total due to related parties – long-term                                               25,000                              -  
  Total due to related parties                                            $             338,339      $                 292,397  

As of June 30, 2025 and December 31, 2024, loans from Company officers totaled $66,045and $69,549, respectively. These amounts represent cash advances made by Company officers to fund operating expenses and direct payments made by Company officers on behalf of the Company. All amounts due to related parties are non-interest bearing and unsecured. For the six months ended June 30, 2025, Company officers advanced a total of $13,084 to the Company and were repaid $16,020 in cash and $568 through personal charges to the Company’s credit card. For the six months ended June 30, 2024, Company officers advanced $23,562 and were repaid $1,167 through personal charges to the Company’s credit card.

The Company’s Chief Financial Officer is engaged under a consulting arrangement and is not a W-2 employee. The Company recognized $24,000 in compensation expense for the six months ended June 30, 2025 and 2024 and $12,000 in compensation expense for the three months ended June 30, 2025 and 2024. As of June 30, 2025 and