Company: FMHS
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001096906-25-000995
Chunk: 0

Company: FARMHOUSE, INC. /NV
Filing Date: 2025-06-23
Form: 10-K
Item: Item 1
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ITEM 1. BUSINESS.

Corporate History

Farmhouse, Inc. (the “ Company”) is a Nevada corporation previously focused on technology and brand development in the wellness industry, which is now evolving and transitioning into a casual lifestyle brand holding company. The Company operates through its wholly owned subsidiaries, including Farmhouse Washington and Farmhouse DTLA, Inc., and is currently in the process of acquiring casual food and beverage businesses in order to diversify into scalable industries that appeal to broad demographics.

The Company was originally incorporated in 2013 and has undergone several name and domicile changes, most recently adopting the Farmhouse name in 2019 following its acquisition of Farmhouse Washington. The financial statements reflect a continuation of Farmhouse Washington, adjusted to reflect the capital structure of the parent.

The Company previously pursued Web3 licensing initiatives, which have since been discontinued. It is currently focused on strategic acquisitions intended to leverage its public company platform and enhance shareholder value.

Share Exchange Agreement with Thrown, LLC

In alignment with this strategic shift, 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. This represents approximately 25% of the Company’s total issued and outstanding shares following the closing of the transaction. As of June 20, 2025, the transaction has not closed, and discussions with Thrown management are ongoing. Reference is made to Notes 3 and 13 in the Consolidated Financial Statements included under Item 8 in this Report.

Revenues

The Company recognizes revenue in accordance with ASC 606. For the years ended December 31, 2024 and 2023, the Company generated $4,154 and $15,227, respectively, from NFT licensing agreements. Associated costs were $1,875 and $6,930. The Company has ceased pursuing NFT licensing and does not expect to generate future revenues from this initiative.

Employees and Independent Contractors

As of June 20, 2025, the Company had two full-time executive officers and engaged several independent contractors, including its Chief Financial Officer.

Description of Property

All Company personnel work remotely. The Company’s mailing address is 548