Company: FMHS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001096906-25-001826
Chunk: 6

Company: FARMHOUSE, INC. /NV
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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2,042for each of the three months ended September 30, 2025 and 2024, respectively. Accrued interest was $66,575and $60,517as of September 30, 2025 and December 31, 2024, respectively.

NOTE 5 - NOTES PAYABLE

Notes payable is comprised of the following:

                                                                                                                    September 30,                  December 31,              
                                                                                                                                                                             
                                                                                                                    2025                           2024                      
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Loan agreement with an unaffiliated individual, interest at 6% per annum, due December 16, 2021. In default.      $                  50,000      $                 50,000  
  Note payable to unaffiliated individual, interest at 20% per annum, due October 26, 2024. In default.                                 5,000                         5,000  
  Note payable to unaffiliated individual, interest at 20% per annum, due October 26, 2024. In default.                                 5,000                         5,000  
  Note payable to unaffiliated individual, interest at 12% per annum, due January 2, 2025. (1)                                              -                        11,667  
  Note payable to unaffiliated individual, interest at 20% per annum, due February 9, 2025. (1)                                             -                         5,500  
  Note payable to unaffiliated individual, interest at 20% per annum, due March 30, 2025. In default                                    8,400                         8,400  
  Total Notes Payable                                                                                               $                  68,400      $                 85,567  

(1)Note payable converted into a Series 2025 Note. See Note 7.

In 2021, the Company entered into a loan agreement with an unaffiliated individual (the “ Lender”) for borrowings up to $75,000 and received a first advance of $50,000. Borrowings under this loan are senior in priority to any other indebtedness of the Company. The Company’s Chief Executive Officer personally and unconditionally guaranteed repayment of the loan. As of the date of this report, the note remains unpaid and is in default.

Except for the $50,000 note discussed in the paragraph above, each