FARMHOUSE, INC. /NV (FMHS) Form 10-Q — Aug 20, 2026
Farmhouse, Inc. filed its 10-Q for the quarter ended June 30, 2026 reporting zero revenue and a six-month net loss of $3.08 million (vs. $63,886 a year earlier), with management stating there is substantial doubt about the company's ability to continue as a going concern. The balance sheet deteriorated sharply: stockholders' deficit widened to $5.75 million and the working capital deficit hit $5.32 million, driven by $4.30 million of derivative liabilities tied to convertible notes — including a $2.22 million note from Axiom Holdings Group that funded a $2.0 million cash-and-Bitcoin financing closed May 4, 2026.
Key figures
- Revenue
- 0
- Debt Amount
- 2222222
- Cash Position
- 678462
- Interest Rate
- 15
- Shares Outstanding
- 19105950
- Period
- six months ended June 30, 2026
- Due From Axiom
- 532852
- Paxg Holdings
- 2.02 PAXG valued at $8,086
- Debt In Default
- 120000
- Bitcoin Holdings
- 7.21 BTC valued at $422,165
- Total Liabilities
- 7472480
- Loss On Derivatives
- 1765482
- Equity Line Capacity
- $20.0 million (GHS Investments, undrawn)
- Buyback Authorization
- $250,000 (17,380 shares repurchased for $4,789)
- Unrealized Crypto Loss
- 61977
- Crypto Assets Fair Value
- 430251
- Derivative Liabilities
- 4301556
- Axiom Total Consideration
- $2.0 million ($1.0M cash + $1.0M digital assets)
- Total Current Liabilities
- 7004260
- Convertible Notes Principal
- 2800877
- Potential Conversion Shares
- 15581375
AI analysis
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