Company: HYEX
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001096906-25-001303
Chunk: 6

Company: HEALTHY EXTRACTS INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 2
Chunk 6
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 income (expense) was $172,727 and $(117,285) for the three and six months ended June 30, 2025, compared to $125,408 and $(673,777) for the three and six months ended June 30, 2024, an increase of $47,319, or 38%, and a decrease of $556,493, or 83%, respectively. In the three months ended June 30, 2025, other income (expense) consisted of interest expense, net of interest income ($29,259) and change in fair value on derivative of $201,986. In the three months ended June 30, 2024, other income (expense) consisted of interest expense, net of interest income ($48,748) and change in fair value on derivative of $174,156. In the six months ended June 30, 2025, other income (expense) consisted of interest expense, net of interest income $(63,817) and change in fair value on derivative of $(53,468). In the six months ended June 30, 2024, other income (expense) consisted of interest expense, net of interest income $(91,305) and change in fair value on derivative of $(582,472). Change in fair value on derivative was related to the conversion of convertible debts into common stock shares. 

29 

Net Income (Loss)

Net income (loss) was $67,120 and $(331,739), or $0.02 and $(0.11) per share, for the three and six months ended June 30, 2025, compared to $113,500 and $(747,758), or $0.04 and $(0.25) per share, for the three and six months ended June 30, 2024.

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.

Liquidity and Capital Resources

Introduction

During the six months ended June 30, 2025, we had slightly negative operating cash flows. Our cash on hand as of December 31, 2024 was $112,020 and as of June 30, 2025 was $200,494. We also had positive net cash from operations for the year ended December 31, 2024, but we still have both short- and medium-term cash needs. We anticipate that these needs will be