$FRQN

Frequency Holdings, Inc

CIK:0001624517|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Income Statement [Abstract]
Revenue	$ 250,319	$ 1,036,171	$ 1,582,935	$ 4,447,273
Cost of goods sold	111,478	252,593	415,124	1,688,283
Gross Profit	138,841	783,578	1,167,811	2,758,990
Operating Expenses:
Impairment loss			3,505,069	2,117,502
General and administrative expenses	207,938	101,830	474,946	756,346
Compensation expense	262,530	757,765	1,331,487	2,815,237
Professional fees	49,088	115,848	332,575	504,007
Total operating expenses	519,556	975,443	5,644,077	6,193,092
Loss from operations	(380,715)	(191,865)	(4,476,266)	(3,434,102)
Other income (expense):
Gain on disposal			11,233,944
Derivative: expense, gains and losses from issuances	(214,770)	(34,452)	(390,265)	(20,756,752)
Changes in fair value of derivatives	2,345,277	12,459,531	4,113,172	25,596,043
Gain on debt extinguishment		1,497,802		2,668,235
Interest expense	(113,255)	(347,917)	(749,934)	(1,170,547)
Gain (loss) on conversion of convertible debt	11,726		(250,730)	(179,921)
Other income	6		6
Total other income	2,028,984	13,574,964	13,956,193	6,157,058
Income before provision for income tax	1,648,269	13,383,099	9,479,927	2,722,956
Provision for income tax
Net income	$ 1,648,269	$ 13,383,099	$ 9,479,927	$ 2,722,956
Basic income per share	$ 0.00	$ 0.04	$ 0.02	$ 0.01
Diluted income per share	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Basic weighted average shares	883,467,510	384,088,943	610,797,350	366,915,105
Diluted weighted average shares	16,970,076,976	8,299,588,116	16,697,406,813	8,055,885,977

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME	$ 9,479,927	$ 2,722,956
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization and depreciation		105,847
Amortization of debt discounts	506,584	808,518
Gain on deconsolidation of accounting acquirer, net	(11,233,944)
Investment write off	3,505,068
Derivative expense	390,265	20,756,752
Changes in fair market value of derivatives	(4,113,172)	(25,596,043)
Loss on conversion of liability to common stock	237,664	179,921
Gain on extinguishment		(2,668,235)
Fee notes issued	60,000	95,000
Equity issuance cost	23,090
Intangibles impairment		2,117,502
Changes in assets and liabilities:
Accounts receivable	33,814	(133,226)
Prepaids and other assets	(34,087)	192,860
Accounts payable and accrued expenses	542,405	864,535
Due to related parties/affiliates	216,421
Equipment lease		(15,244)
Right of use asset net of liability	(453)	11,942
Customer deposits		(50,706)
Other current liabilities		97,500
NET CASH USED IN OPERATING ACTIVITIES	(386,418)	(510,121)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of fixed assets		(53,896)
Cash paid for Singer asset purchase		(121,413)
NET CASH USED IN INVESTING ACTIVITIES		(175,309)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Fox loan		287,705
Repayments Fox loan		(92,295)
Repayment of Fora loan		(316,577)
Repayments seller notes		(113,177)
Proceeds from notes issued	126,000	125,000
Repayment of notes payable	(155,506)	(29,458)
Disposal of subsidiary, net of cash disposed	(16,310)
Insurance finance loan	32,097
New vehicle loan		53,896
Repayments vehicle loans		(36,706)
Affiliate advances		400,274
Repayments of affiliate advances		(407,305)
Proceeds – convertible notes payable	155,000	662,500
NET CASH PROVIDED BY FINANCING ACTIVITIES	141,281	533,857
NET CHANGE IN CASH	(245,137)	(151,573)
CASH BEGINNING OF PERIOD	275,292	360,673
CASH END OF PERIOD	30,155	209,100
Cash paid during the period for Interest	18,809	62,682
Income taxes
Supplemental Disclosure of Non-Cash Activity:
Debt discounts	274,440	799,000
Preferred stock dividends	411,370	274,248
Conversion of accrued interest and conversion expenses	105,132
Common stock issued for conversion of accrued interest and conversion expenses	46,859	10,380
Convertible preferred shares to be issued	$ 35,000	$ 7,088

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Sep. 30, 2025	Dec. 31, 2024
Current Assets:
Cash	$ 30,155	$ 275,292
Accounts receivable, net	38,050	164,549
Prepaid expenses	34,086	60,487
Total Current Assets	102,291	500,328
Other Assets:
Furniture and fixed assets, net		7,500
Right of use asset		31,730
Total non-current assets		39,230
Total Assets	102,291	539,558
Current Liabilities:
Accounts payable and accrued expenses	557,241	2,062,746
Accrued interest	249,194	935,699
Due to officer	210,008
Due to financial institutions		917,405
Seller notes and loans payable, related parties current		465,618
Term note payable, related parties		1,175,000
Other loans and notes payable	263,166	240,160
Officer life insurance liability, current portion		900,000
Convertible notes payable, net of debt discount	1,383,135	954,907
Derivative liability	2,010,092	5,786,478
Lease liability, current portion		33,242
Total Current Liabilities	4,672,836	13,471,255
Non-Current Liabilities:
Officer life insurance premium, non-current portion		1,800,000
Dividend payable, preferred stock Series C & D	1,036,714	625,344
Total Non-Current Liabilities	1,036,714	2,425,344
Total Liabilities	5,709,550	15,896,599
Commitments and contingencies
Temporary Equity - Preferred Series A stock to be issued	357,022	357,022
Stockholders’ Deficit:
Common stock to be issued	37,088	65,000
Preferred stock to be issued	2,440,950	2,448,038
Common stock: $0.001 par value; 2,500,000,000 shares authorized; 1,107,314,007 and 384,088,943 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively	1,107,316	384,089
Additional paid in capital	2,205,547	2,247,549
Accumulated deficit	(11,756,230)	(20,859,786)
Total Stockholders’ Deficit	(5,964,281)	(15,714,062)
TOTAL LIABILITIES & STOCKHOLDERS’ DEFICIT	102,291	539,558
Series A Preferred Stock [Member]
Stockholders’ Deficit:
Preferred Stock, Value, Issued	48	48
Series C and D preferred stock [Member]
Stockholders’ Deficit:
Preferred Stock, Value, Issued	$ 1,000	$ 1,000