OTC: FMHS
FARMHOUSE, INC. /NVCIK 0001811999 · SIC 7370 · Computer & Data Processing
Farmhouse, Inc. (the “Company”) is a Nevada corporation that historically engaged in technology development and brand management activities. We currently operate as a public company platform focused on evaluating strategic acquisitions and emerging opportunities, including initiatives in digital… About this business →
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Latest financial statements
From 10-Q filed Aug 20, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| REVENUES | ||||
| Revenues | - | - | - | - |
| Costs of revenues | - | - | - | - |
| Gross margin | - | - | - | - |
| 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 | - | 222 | 174,935 |
| Unrealized loss on crypto assets | (60,786) | - | (61,977) | - |
| Interest expense | (500,647) | (14,616) | (531,222) | (30,469) |
| Debt financing cost | (445,619) | - | (445,619) | - |
| Loss on derivative | (1,751,270) | - | (1,765,482) | - |
| Total other income (expense) | (2,758,100) | (14,616) | (2,804,078) | 144,466 |
| NET LOSS | (2,923,304) | (132,174) | (3,078,731) | (63,886) |
| Other comprehensive income (loss) | ||||
| Unrealized loss on investments | (3,574) | - | (3,574) | - |
| Total other comprehensive income (loss) | (3,574) | - | (3,574) | - |
| 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) | (0.00) |
| BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING | 19,105,950 | 17,925,950 | 19,053,077 | 17,925,950 |
Condensed Consolidated Balance Sheets
| Description | June 30, 2026 (unaudited) | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash | 678,462 | 14,188 |
| Prepaid expenses | 4,800 | 2,925 |
| Due from Axiom | 532,852 | - |
| Due from related party | 1,000 | - |
| Crypto assets | 430,251 | - |
| Deferred offering costs | 40,050 | 40,050 |
| Total current assets | 1,687,415 | 57,163 |
| Long-term assets: | ||
| Investments, available for sale | 35,182 | - |
| Total long-term assets | 35,182 | - |
| Total assets | 1,722,597 | 57,163 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| 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 |
| Commitments and contingencies | - | - |
| Stockholders’ deficit: | ||
| Preferred stock; $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | - | - |
| Common stock; $0.0001 par value, 295,000,000 shares authorized, 19,105,950 issued and 19,088,570 outstanding as of June 30, 2026 and 18,925,950 shares issued and outstanding as of December 31, 2025, respectively | 1,911 | 1,893 |
| Additional paid-in capital | 4,498,397 | 4,486,775 |
| Treasury stock, 17,380 shares | (4,789) | - |
| Accumulated other comprehensive income (loss) | (3,574) | - |
| 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 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net 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 | - |
| Amortization of debt discount | 440,304 | - |
| Unrealized loss on crypto assets | 61,977 | - |
| Loss on derivatives | 1,765,482 | - |
| Derivative recorded as debt financing cost | 445,619 | - |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | (1,875) | (4,986) |
| Accounts payable | (33,203) | (23,108) |
| Accrued legal fees | - | 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) | - |
| Purchase of investments | (38,756) | - |
| Net cash used in investing activities | (63,836) | - |
| 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 | - |
| Proceeds from issuance of convertible notes payable related party | - | 25,000 |
| Proceeds from related party loans and advances | - | 13,084 |
| Purchase of treasury stock | (4,789) | - |
| Repayment of notes payable | (18,400) | - |
| 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 | - |
| Income taxes | - | - |
| NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
| Accounts payable exchanged for convertible note payable | - | 8,270 |
| Accrued legal fees exchanged for convertible note payable | - | 250,000 |
| Accrued liabilities exchanged for convertible note payable | - | 26,000 |
| Note payable exchanged for convertible note payable | - | 17,167 |
| Accrued interest exchanged for convertible note payable | - | 2,663 |
| Repayment of related party short-term advances with credit card | - | 568 |
| Cryptocurrency consideration for convertible note | 467,148 | - |
| Debt discount recorded for derivative liability | 2,000,000 | - |
Amounts as printed on the EDGAR/iXBRL face. Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗
About FARMHOUSE, INC. /NV
Source: Item 1 (Business) from the 10-K filed April 17, 2026. Description as filed by the company with the SEC.
ITEM 1. BUSINESS.
Farmhouse, Inc. (the “Company”) is a Nevada corporation that historically engaged in technology development and brand management activities. We currently operate as a public company platform focused on evaluating strategic acquisitions and emerging opportunities, including initiatives in digital assets. While the Company has limited current revenues, it maintains certain licensing activities and continues to evaluate opportunities to develop operating business lines; however, such activities are not currently material and may not generate material revenue in future periods.
We operate through our wholly owned subsidiaries, including Farmhouse Washington, Farmhouse DTLA, Inc., and Farmhouse Treasury LLC (“FT”). Our strategic focus is to identify and complete acquisitions that enhance long-term shareholder value and to reposition the Company toward scalable business opportunities, including through its Farmhouse Treasury division and ongoing evaluation of additional operating businesses.
Digital Asset Treasury Initiative
In September 2025, we organized Farmhouse Treasury LLC (“FT”), a wholly owned Nevada limited liability company, to support our Anti-Debasement Digital Asset Treasury (“DAT”) initiative. FT is a manager-managed entity, with the Company as sole member and our Chief Executive Officer and Chief Technical Officer serving as managers.
FT was established to develop and oversee the Company’s digital asset strategy, including treasury management, custody solutions, and capital allocation in assets aligned with an anti-debasement framework, including Bitcoin and tokenized and physical gold. This initiative is intended to position the Company to participate in the emerging digital asset market while maintaining governance, reporting, and compliance standards consistent with those of a public company.
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The Company has established an enterprise custody account with BitGo, which provides institutional-grade custody solutions, including insurance coverage for digital assets held in custody. BitGo has applied for a national trust bank charter with the Office of the Comptroller of the Currency; however, such status has not been finalized as of the date of this Report.
FT is a wholly owned subsidiary and is consolidated in our financial statements. At formation, no capital was contributed and no digital assets were acquired. Accordingly, there was no impact on
1
the consolidated financial position or results of operations for the year ended December 31, 2025.
FT provides a dedicated structure through which we evaluate and, if appropriate, may implement digital asset-related strategies in a controlled and transparent manner. As of the date of this Report, FT has engaged in preliminary discussions with various counterparties, including cryptocurrency financing and investment platforms, regarding potential structures to execute such strategies. These discussions remain exploratory, and no binding agreements or definitive plans have been established. There can be no assurance that any such strategy will be pursued or that it will generate the anticipated benefits.
Licensing Activities
The Company maintains certain intellectual property licensing activities, including licensing arrangements associated with branded content. These activities have generated limited revenue to date and are not currently material to the Company’s financial condition or results of operations. While management believes there may be opportunities to expand such licensing activities, there can be no assurance that they will result in meaningful or sustained revenue.
Revenues
Revenue is recognized in accordance with ASC 606, including application of the sales-based royalty exception, whereby revenue is recognized when the licensee’s underlying sales occur. For the years ended December 31, 2025 and 2024, the Company generated $623 and $4,154, respectively, from intellectual property licensing agreements.
Employees and Independent Contractors
As of April 15, 2026, we had two full-time executive officers and engaged several independent contractors, including its Chief Financial Officer.
Description of Property
The Company does not maintain physical office facilities. All personnel work remotely. Our mailing address is 548 Market Street, Suite 90355, San Francisco, California 94104, and our telephone number is (888) 420-6856.
The Company operates certain digital and intellectual property assets, including the @420 social media handle, domain names, and trademarks; however, the Company’s strategic transition does not depend on its existing intellectual property portfolio.
Emerging Growth Company
We are an emerging growth company and have elected not to delay the adoption of new accounting standards.
More Information
Our SEC filings are available at www.sec.gov.