Company: FMHS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001096906-25-001826
Chunk: 15

Company: FARMHOUSE, INC. /NV
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 of September 30, 2025, the Company had $7,345of unrecognized compensation expense related to non-vested RSAs, which is expected to be recognized over a weighted-average remaining period of approximately 0.7 years. Expense recognition is expected to be $3,145 for the remainder of 2025 and $4,200 in 2026.

NOTE 10 - COMMITMENTS AND CONTINGENCIES

From time to time, the Company may be involved in legal proceedings, claims, or regulatory matters. Management evaluates potential liabilities in consultation with legal counsel and currently does not believe that any existing matters will have a material adverse effect on its financial position or results of operations. The Company also has indemnification agreements with its officers and directors that provide for uncapped indemnity, although the Company believes the likelihood of material payments is remote.

NOTE 11 - SUBSEQUENT EVENTS

As of the date of this report, there were no subsequent events requiring adjustment or additional disclosure in the consolidated financial statements, except as noted below or disclosed elsewhere herein.

Series 2025 Notes

As discussed in Note 7, the Company authorized the issuance of new Series 2025 Notes under its existing Convertible Promissory Note Offering. Subsequent to September 30, 2025, the Company issued a $10,000 Series 2025 Note to an unrelated individual investor.

GHS Equity Financing Agreement

On November 4, 2025, the Company entered into an Equity Financing Agreement with GHS Investments LLC, a Nevada limited liability company (“ GHS”), providing the Company with an equity line of credit of up to $20.0 million over a 24-month term following the effective date of a

registration statement to be filed with the U. S. Securities and Exchange Commission (“ SEC”) (the “ GHS Agreement”).

Under the GHS Agreement, and subject to the effectiveness of a registration statement on Form S-1 (the “ S-1”), the Company may, from time to time at its discretion, deliver Put Notices directing GHS to purchase shares of the Company’s common stock for aggregate gross proceeds not to exceed the $20.0 million commitment. Each individual draw (“ Put”) may range from $10,000 to $500,000 and may not exceed 200% of the average daily trading dollar volume for the ten (10) trading days preceding the Put Notice Date. A minimum of 10 trading days must elapse between successive Puts, and GHS’s ownership may not exceed