Company: HYEX
Filing Date: 2025-04-22
Form Type: 10-K/A
Source: 0001096906-25-000553
Chunk: 66

Company: HEALTHY EXTRACTS INC.
Filing Date: 2025-04-22
Form: 10-K/A
Chunk 66
---
 unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level 1 — quoted prices in active markets for identical assets or liabilities Level 2 — quoted prices for similar assets and liabilities in active markets or inputs that are observable Level 3 — inputs that are unobservable (for example cash flow modeling inputs based on assumptions) The derivative liability in connection with the conversion feature of the convertible debt, classified as a Level 3 liability, is the only financial liability measure at fair value on a recurring basis. If the convertible debt is viewed as short-term, management chooses to expense the full debt discount in the period incurred is recorded as a gain or loss in the consolidated statement of operations. F-12

The Company measures and reports certain financial instruments as liabilities at fair value on a recurring basis. The fair value of these instruments as of December 31, 2024 and December 31, 2023 was as follows:

|                                 |   | Fair Value |         |     | Level 1 |   |     | Level 2 |   |     | Level 3 |         |
|:--------------------------------|:--|:-----------|--------:|:----|:--------|:--|:----|:--------|:--|:----|:--------|--------:|
| Fair Value at December 31, 2022 | $ |            | 102,011 |     |         | - |     |         | - |     | $       | 102,011 |
| Derivative liability            |   |            |  52,139 |     |         | - |     |         | - |     |         |  52,139 |
| Fair Value at December 31, 2023 | $ |            | 154,150 |     |         | - |     |         | - |     | $       | 154,150 |
| Derivative liability            |   |            | 471,270 |     |         | - |     |         | - |     |         | 471,270 |
| Fair Value at December 31, 2024 | $ |            | 625,420 |     |         | - |     |         | - |     | $       | 625,420 |

December 31, 2024

|                      |     | Level 1 |   |     | Level 2 |   |     | Level 3 |         |