Company: HYEX
Filing Date: 2025-04-22
Form Type: 10-K/A
Source: 0001096906-25-000553
Chunk: 71

Company: HEALTHY EXTRACTS INC.
Filing Date: 2025-04-22
Form: 10-K/A
Chunk 71
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 course of business. The Company has generated revenues from operations which has stabilized its cash flow from be negative to neutral over the past year. Since its inception, the Company has been engaged substantially in financing activities and developing its business plan and expenses. As a result, the Company incurred accumulated net losses from Inception (December 19, 2014) through the year ended December 31, 2024 of $ 19,240,344. Due to our neutral cash flow, the Company has doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. In addition, most of the Company’s development activities since inception have been financially sustained through equity financing but we are using all additional cash flow to help support the Company’s growth and research and development of new products. Management plans to keep seeking funding through debt and equity financing which are intended to mitigate the conditions that have raise substantial doubt about the entity’s ability to continue as a going concern.

NOTE 4 – RELATED PARTY

For the year ended December 31, 2024 and the year ended December 31, 2023, the Company had expenses totaling $ and $ respectively, to an officer and director for salaries, which is included in general and administrative expenses on the accompanying consolidated statement of operations.

| Note                                       
 Unsecured debt A                           |     | Issuance                        
 Date                            
 March 2019, March and June 2020 |     | Maturity          
 Date              
 No due date       |     | Interest 
 Rate     
 0%       |     |  Original 
 Principal 
    Amount 
      $866 |     |   Balance at 
 December 31, 
         2024 
         $666 |     |   Balance at 
 December 31, 
         2023 
         $866 |
|:-------------------------------------------|:----|:--------------------------------|:----|:------------------|:----|:---------|:----|----------:|:----|-------------:|:----|-------------:|
| Unsecured debt H                           |     | September 1, 2023               |     | January 1, 2024   |     | 10%      |     |   $82,500 |     |           $- |     |      $82,500 |
| Unsecured debt I                           |     | January 1, 2024                 |     | June 1, 2025      |     | 15%      |     |