$FMHS

FARMHOUSE, INC. /NV

CIK:0001811999|SEC Filings

Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
Consolidated Statements of Operations - USD ($)	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
REVENUES
Revenues	$ 0	$ 0	$ 0	$ 0
Costs of revenues	0	0	0	0
Gross margin	0	0	0	0
OPERATING EXPENSES
General and administrative	126,625	63,893	194,441	131,003
Professional fees	38,579	53,665	80,212	77,349
Total operating expenses	165,204	117,558	274,653	208,352
LOSS FROM OPERATIONS	(165,204)	(117,558)	(274,653)	(208,352)
OTHER INCOME (EXPENSE)
Gain on settlement of debt	222	0	222	174,935
Unrealized loss on crypto assets	(60,786)	0	(61,977)	0
Interest expense	(500,647)	(14,616)	(531,222)	(30,469)
Debt financing cost	(445,619)	0	(445,619)	0
Loss on derivative	(1,751,270)	0	(1,765,482)	0
Total other income (expense)	(2,758,100)	(14,616)	(2,804,078)	144,466
Net Income (Loss)	(2,923,304)	(132,174)	(3,078,731)	(63,886)
Other comprehensive income (loss)
Unrealized loss on investments	(3,574)	0	(3,574)	0
Total other comprehensive income (loss)	(3,574)	0	(3,574)	0
TOTAL COMPREHENSIVE LOSS	$ (2,926,878)	$ (132,174)	$ (3,082,305)	$ (63,886)
BASIC AND DILUTED NET LOSS PER SHARE	$ (0.15)	$ (0.01)	$ (0.16)	$ (0)
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	19,105,950	17,925,950	19,053,077	17,925,950

Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss)	$ (3,078,731)	$ (63,886)
Adjustments to reconcile net income (loss) to net cash used by operating activities
Gain on settlement of debt	(222)	(174,935)
Stock-based compensation on RSA's vested	8,140	6,290
Common stock issued for services rendered	3,500	0
Amortization of debt discount	440,304	0
Unrealized loss on crypto assets	61,977	0
Loss on derivatives	1,765,482	0
Derivative recorded as debt financing cost	445,619	0
Changes in operating assets and liabilities
Prepaid expenses	(1,875)	(4,986)
Accounts payable	(33,203)	(23,108)
Accrued legal fees	0	9,375
Accrued payroll and payroll taxes	84,400	92,072
Accrued liabilities	(3,460)	(436)
Accrued liabilities related party	24,000	24,000
Accrued interest payable	82,775	20,135
Accrued interest payable related party	151	960
Net cash used in operating activities	(201,143)	(114,519)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of crypto assets	(25,080)	0
Purchase of investments	(38,756)	0
Net cash used in investing activities	(63,836)	0
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of convertible notes payable - short term	1,000,000	105,000
Proceeds from issuance of convertible notes payable - long term	10,000	0
Proceeds from issuance of convertible notes payable - related party	0	25,000
Proceeds from related party loans and advances	0	13,084
Purchase of treasury stock	(4,789)	0
Repayment of notes payable	(18,400)	0
Repayment of related party loans and advances	(57,558)	(16,020)
Net cash provided by financing activities	929,253	127,064
NET CHANGE IN CASH	664,274	12,545
CASH AT BEGINNING OF PERIOD	14,188	413
CASH AT END OF PERIOD	678,462	12,958
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid	8,214	0
Income taxes	0	0
NON-CASH INVESTING AND FINANCING ACTIVITIES
Accounts payable exchanged for convertible note payable	0	8,270
Accrued legal fees exchanged for convertible note payable	0	250,000
Accrued liabilities exchanged for convertible note payable	0	26,000
Note payable exchanged for convertible note payable	0	17,167
Accrued interest exchanged for convertible note payable	0	2,663
Repayment of related party short-term advances with credit card	0	568
Cryptocurrency consideration for convertible note	467,148	0
Debt discount recorded for derivative liability	$ 2,000,000	$ 0

Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash	$ 678,462	$ 14,188
Prepaid expenses	4,800	2,925
Due from Axiom	532,852	0
Due from related party	1,000	0
Crypto assets	430,251	0
Deferred offering costs	40,050	40,050
Total current assets	1,687,415	57,163
Long-term assets
Investments, available for sale	35,182	0
Total long-term assets	35,182	0
Total assets	1,722,597	57,163
Current liabilities
Accounts payable	4,892	38,095
Accrued legal fees	10,070	10,070
Accrued payroll and payroll taxes	1,582,440	1,498,040
Accrued liabilities	8,050	11,510
Accrued interest payable	211,900	129,229
Convertible notes payable, current, net of $1,814,521 and $32,483 debt discount, respectively. $70,000 and $45,000 in default, respectively	542,256	102,072
Notes payable, in default	50,000	68,400
Derivative liabilities - convertible instruments	4,301,556	89,455
Due to related parties	293,096	325,621
Total current liabilities	7,004,260	2,272,492
Long-term liabilities
Convertible notes payable, long-term, net of $880 and $0 debt discount, respectively	443,220	434,100
Convertible notes payable to related party, long-term	25,000	25,000
Total long-term liabilities	468,220	459,100
Total liabilities	7,472,480	2,731,592
Stockholders' deficit
Preferred Stock, Value	0	0
Common Stock, Value	1,911	1,893
Additional paid-in capital	4,498,397	4,486,775
Treasury stock, 17,380 shares	(4,789)	0
Accumulated other comprehensive income (loss)	(3,574)	0
Accumulated deficit	(10,241,828)	(7,163,097)
Total stockholders' deficit	(5,749,883)	(2,674,429)
Total liabilities and stockholders' deficit	$ 1,722,597	$ 57,163