Company: FMHS
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001096906-25-000995
Chunk: 9

Company: FARMHOUSE, INC. /NV
Filing Date: 2025-06-23
Form: 10-K
Item: Item 8
Chunk 9
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OB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Farmhouse, Inc. is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting

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principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Critical Audit Matters

Critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. We determined that there are no critical audit matters.

/s/Mac Accounting Group & CPAs, LLP

We have served as Farmhouse, Inc.’s auditor since 2018.

Midvale, Utah

June 20, 2025

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  FARMHOUSE, INC. AND SUBSIDIARY                                                                                                                          
  CONSOLIDATED BALANCE SHEETS                                                                                                                             
                                                                                              December 31,                                                
                                                                                              2024                                2023                    
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  ASSETS                                                                                                                                                  
  Current assets:                                                                                                                                         
  Cash and cash equivalents                                                                   $                          413      $                    -  
  Accounts receivable                                                                                                      -                       4,170  
  Prepaid expenses                                                                                                     4,200                       3,990  
  Total current assets                                                                                                 4,613                       8,160  
  Deposit on Investment                                                                                               26,175                           -  
  Total assets                                                                                $                       30,788      $                8,160  
  LIABILITIES AND STOCKHOLDERS’ DEFIC