Business Description

NOTE 1 – ORGANIZATION AND OPERATIONS Farmhouse, Inc. (the “Company”) was incorporated in the State of Nevada and historically engaged in technology development and brand management activities. The Company currently operates as a public company platform focused on evaluating strategic acquisitions and emerging opportunities, including initiatives in digital assets. The Company operates through its wholly owned subsidiaries, including Farmhouse Washington, Farmhouse DTLA, Inc., and Farmhouse Treasury, LLC. While the Company maintains certain licensing activities, such activities have generated limited revenue to date and are not currently material to the Company’s financial condition or results of operations. Share Exchange Agreement with Thrown, LLC In September 2024, the Company entered into a Share Exchange Agreement (“SEA”) with Thrown, LLC (“Thrown”) and its members, pursuant to which the Company proposed to acquire all of the membership interests of Thrown, a beverage company. The SEA was subject to customary closing conditions, and the transaction did not close. No definitive acquisition was consummated, and control of Thrown never transferred to the Company. During the year ended December 31, 2025, management concluded that the likelihood of completing the proposed transaction was remote. As of December 31, 2025, and through the date of issuance of these financial statements, the Company has no continuing obligations, commitments, or recognized assets or liabilities related to the proposed acquisition of Thrown. See Note 4. Formation of Farmhouse Treasury LLC (“FT”) and Digital Asset Treasury Initiative In September 2025, the Company organized Farmhouse Treasury LLC (“FT”), a wholly owned Nevada limited liability company, to support its digital asset treasury initiative. FT is a manager-managed entity, with the Company as sole member and its 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 digital assets, 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. FT is a wholly owned subsidiary and is consolidated in the Company’s financial statements. At formation, no capital was contributed and no digital assets were acquired. Accordingly, there was no impact on the Company’s consolidated financial position or results of operations for the year ended December 31, 2025. FT provides a dedicated structure through which the Company may evaluate and, if appropriate, implement digital asset-related strategies in a controlled and transparent manner. As of December 31, 2025, and through the date of issuance of these financial statements, FT has engaged in preliminary discussions with various counterparties 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. Going Concern and Management Plans The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern. As of December 31, 2025, the Company had a stockholders’ deficit of $2,674,429 and has incurred recurring losses from operations. For the year ended December 31, 2025, the Company generated a net loss of $393,266 and used cash in operating activities of $179,022. These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that these financial statements are issued. Management’s plans to alleviate this substantial doubt include obtaining additional capital through equity financings, debt financings, and continued financial support from related parties. The Company has historically relied on advances from officers and related parties to fund operations and may continue to do so. These plans are not entirely within the Company’s control and are dependent on external financing and the continued support of related parties.…