Farmhouse, Inc. (FMHS) filed its Q3 2025 10‑Q, reporting no revenue and a reduced net loss for the nine months ended September 30, 2025 of $174,854 versus $362,383 a year ago, largely due to a $174,935 gain on extinguishment of debt. Operating expenses were $303,011 for the period.
Liquidity remains tight: cash was $3,896 and the working capital deficit was $2,046,584 as of September 30, 2025. The company disclosed substantial doubt about its ability to continue as a going concern. Multiple notes are in default, while long‑term convertible notes rose to $458,100, including new Series 2025 10% mandatorily convertible notes. Subsequent to quarter‑end, Farmhouse entered a $20.0 million equity line with GHS, issued 500,000 commitment shares, and raised $50,000 via a convertible note with a 10% original issue discount and 100,000 bonus shares. The company formed Farmhouse Treasury LLC to explore a digital asset treasury initiative; no digital assets were acquired in the quarter.
Farmhouse, Inc. entered a Common Stock Purchase Agreement with GHS Investments for an equity line of up to $20,000,000, available over 24 months following the effectiveness of a Form S-1 registration statement. The company may issue “Puts” of registered common stock at its discretion, with each draw between $10,000 and $500,000, capped at 200% of the average daily trading dollar volume for the prior ten trading days and spaced at least ten trading days between closings.
The purchase price per draw will be the lower of 95% of Market Price or 100% of the lowest intraday price during the applicable Pricing Period. GHS is subject to a 4.99% beneficial ownership cap and agreed not to short the stock during the agreement. As consideration, Farmhouse issued 500,000 restricted shares to GHS, which the company plans to register for resale. Farmhouse plans to use equity line proceeds for growth initiatives, digital-asset activities, general corporate and working-capital needs, and potential acquisitions.
Farmhouse, Inc. (FMHS) entered a Common Stock Purchase Agreement with GHS Investments, LLC establishing an equity line of up to $20,000,000, available during a 24‑month period following effectiveness of a Form S‑1 registration statement. The company may issue “Put Notices” from time to time, with each draw between $10,000 and $500,000, capped at 200% of the average daily trading dollar volume over the prior 10 trading days, and at least 10 trading days between closings.
Puts will price at the lower of 95% of the Market Price or 100% of the lowest intraday price during the applicable pricing period. GHS is limited by a 4.99% beneficial‑ownership cap and agreed not to engage in short sales during the agreement. As consideration, Farmhouse issued 500,000 restricted shares to GHS and plans to register these shares for resale on Form S‑1. Proceeds from the equity line are intended for growth initiatives, digital‑asset activities, general corporate and working‑capital needs, and potential acquisitions.