Going-concern and liquidity shortfall
The company has minimal revenue and relies on external financing to cover operating expenses.
- Scope
- General corporate funding and strategic initiatives
- Materiality
- high
Farmhouse, Inc. /NV
Farmhouse, Inc. /NV is a Nevada-based shell-like technology and brand management company that currently holds intellectual property assets and is repositioning itself through acquisitions and digital asset initiatives. Its reported operating activity has been minimal, with prior NFT licensing revenue now discontinued and management focused on potential transactions in blockchain, treasury management, and consumer brands.
79,9 %
−63 124,6 %
−85,0 %
0.03
0.03
| % | |
|---|---|
| Intellectual Property Assets | 0% Domain names, trademarks, and related IP assets held for monetization or strategic use. |
| Brand and Technology Development | 0% Internal development and brand repositioning efforts aimed at creating future business opportunities. |
| NFT Licensing | 100% Legacy licensing arrangements tied to NFT-related rights, which management says will not generate future revenue. |
| Digital Asset Treasury | 0% Planned treasury operations involving custody and allocation of digital assets such as Bitcoin and Ethereum. |
| Acquisition and Strategic Alternatives | 0% Evaluation of acquisitions and strategic transactions to build a new operating business. |
The company has not yet established a stable operating customer base, and its only disclosed historical revenue came...
- NFT licensing counterpartiessecondary
Historical licensees that paid fees for NFT-related rights; this revenue stream is no longer expected to continue.
- Acquisition targetsprimary
Operating businesses such as Thrown, LLC and Ledgewood Holdings that the company evaluated for acquisition to create a new revenue base.
- Digital asset ecosystem partnersprimary
Platforms and counterparties that could support treasury, custody, financing, or investment structures for the DAT initiative.
- Capital providersprimary
Individual and accredited investors providing notes or equity financing to fund operations and strategic initiatives.
Farmhouse is incorporated in Nevada and operates as a U.S.-based public company, with its strategic and financing...
- •Incorporated in Nevada and managed from the United States
- •No disclosed country-level revenue concentration in current operations
- •Legacy NFT licensing revenue was immaterial and has ceased
- •Future digital asset activity would likely be U.S.-regulated
- •Acquisition targets and counterparties appear primarily U.S.-based
Management is trying to transform the company from a dormant IP/licensing vehicle into a new operating platform...
01
Launch the digital asset treasury initiativeshort-term
Management sees DAT as the clearest path to a new operating identity and future asset base.
02
Pursue value-accretive acquisitionsmedium-term
The company needs an operating business to replace discontinued NFT licensing revenue.
03
Maintain financing capacityshort-term
Operations and strategic initiatives depend on continued access to external capital.
The company remains in a going-concern position and depends on repeated financing to fund operations, which creates...
Dilution from financing instruments
Recent notes and equity issuances can expand share count and reduce existing holders' ownership.
- Scope
- Series 2025 notes and convertible debt
- Materiality
- high
Digital asset volatility and custody risk
A treasury strategy involving Bitcoin or Ethereum would expose the company to price swings, custody, and compliance issues.
- Scope
- Farmhouse Treasury LLC initiative
- Materiality
- high
Strategic execution failure
The company has discussed acquisitions and treasury strategies but has not completed a transformative transaction.
- Scope
- Thrown, Ledgewood, DAT strategy
- Materiality
- high
Going-concern assessment
Affects investor view of solvency and financing risk
Debt extinguishment and liability conversion
Can materially affect reported earnings in the period of conversion
Convertible notes and financing costs
Affects leverage, EPS, and future share count
Digital asset valuation
Could introduce earnings volatility and balance-sheet sensitivity
: 28.4.2026