Company: FMHS
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001096906-25-001317
Chunk: 11

Company: FARMHOUSE, INC. /NV
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 payable of $8,270and accrued interest of $230 was exchanged for a new Series 2025 Note in the face amount of $8,500.

·A promissory note with a principal balance of $11,667 and accrued interest balance of $1,733, was exchanged for a new Series 2025 Note in the face amount of $13,400.

The following Series 2025 Notes were issued for cash during the six months ended June 30, 2025

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

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

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

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

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

Interest expense related to the Series 2025 Notes was $9,574for the six months ended June 30, 2025 and $9,340the three months ended June 30, 2025. Accrued interest on the Series 2025 Notes was $9,574andzeroas of June 30, 2025 and December 31, 2024, respectively.

NOTE 8 - STOCKHOLDERS’ DEFICIT

The Company is authorized to issue295,000,000shares of common stock, $0.0001par value per share, and5,000,000shares of undesignated preferred stock, $0.0001par value per share. The Board of Directors has the authority, in its sole discretion, to establish series of preferred stock and to fix the par value, dividend rates, designations, preferences, privileges, and restrictions of each series. No shares of preferred stock were issued or outstanding as of June 30, 2025 or December 31, 2024.

As of June 30, 2025, the Company had not reserved any shares of common stock for future issuance. While the Company is required to reserve shares to satisfy potential conversions of its outstanding convertible note payable (see Note 4) and Series 2023 and Series 2025 Notes (see Note 8), those instruments were not convertible as of June 30, 2025. The number of shares issuable upon conversion is not currently determinable and will depend on future events, including pricing