Farmhouse, Inc. /Nv (OTC: FMHS)

Farmhouse, Inc. is a Nevada corporation that operates as a public company platform focused on evaluating strategic acquisitions and emerging opportunities, including initiatives in digital assets, while maintaining limited technology development and brand management activities. Through its wholly owned subsidiaries, the company explores brand licensing, digital asset treasury management, and other potential operating businesses. The company does not maintain physical office facilities; all personnel work remotely and use the mailing address 548 Market Street, Suite 90355, San Francisco, California 94104. The company also holds digital and intellectual property assets such as the @420 social media handle, domain names, and trademarks, although these are not central to its strategic transition. Farmhouse, Inc. is an emerging growth company and has elected not to delay the adoption of new accounting standards.

Revenue is generated primarily from intellectual property licensing agreements tied to branded content, where the company recognizes sales based royalties when licensee sales occur. For the years ended December 31 2025 and 2024, the company reported licensing revenue of $623 and $4,154 respectively. Revenue recognition follows ASC 606, applying the sales based royalty exception to align with underlying licensee sales. The company also evaluates potential revenue from its digital asset treasury initiative through Farmhouse Treasury LLC, although no such revenue has been realized to date. Current licensing activities are not material to the company's financial condition or results of operations.

The company operates through the following segments: Farmhouse Washington, Farmhouse DTLA, Inc., and Farmhouse Treasury LLC. These subsidiaries are wholly owned and are consolidated in the company's financial statements. Each segment supports distinct aspects of the company's overall strategy.

• Farmhouse Washington: This segment handles brand management and technology development activities that support the company's historical operations and licensing initiatives.

• Farmhouse DTLA, Inc.: This segment focuses on brand management and related commercial activities, contributing to the company's intellectual property portfolio.

• Farmhouse Treasury LLC: This segment manages the anti debasement digital asset treasury initiative, overseeing digital asset strategy, custody solutions, and capital allocation in Bitcoin tokenized and physical gold.

Farmhouse, Inc. positions itself as a special purpose acquisition company platform that evaluates acquisition targets and seeks to create long term shareholder value. It competes with other special purpose acquisition companies, digital asset treasury providers, and brand licensing firms. Its competitive advantages include a wholly owned subsidiary structure, an institution grade custody arrangement with BitGo, an experienced executive team, and a focus on the anti debasement framework. The company leverages its subsidiary platform to pursue scalable business opportunities while maintaining governance and reporting standards appropriate for a public entity. Although the digital asset treasury initiative is still in exploratory stages, the firm aims to integrate compliant custody and capital allocation practices into its future operations.

The company's customers include licensees of its branded content, such as media platforms and consumer brands that utilize the associated intellectual property. In the digital asset sphere, the company engages with counterparties such as cryptocurrency financing and investment platforms to explore potential structures for its treasury initiatives. These customers range from individual content creators to institutional investors interested in digital asset exposure. No specific customer names are disclosed in the filing.