SEC Comment Letter for FARMHOUSE, (FMHS) — May 23, 2022
FARMHOUSE, INC. /NV
Date: May 23, 2022 · CIK: 0001811999 · Accession: 0000000000-22-005675
AI Filing Summary & Sentiment
File numbers found in text: 000-56334
Letter
United States securities and exchange commission logo May 23, 2022 Evan Horowitz Chief Executive Officer Farmhouse, Inc. 548 Market Street , Suite 90355 San Francisco, CA 94104 Re:Farmhouse, Inc. Form 10-K for Fiscal Year Ended December 31, 2021 Filed April 22, 2022 File No. 000-56334 Dear Mr. Horowitz: We have reviewed your filing and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Form 10-K for Fiscal Year Ended December 31, 2021 Management's Discussion and Analysis of Financial Condition and Results of Operations Results of Operations, page 23 1.We note on page 23 you appear to be disclosing a Non-GAAP measure in which Net Loss is adjusted for impairment of intangible assets and stock based fees. Please designate the measure as Non-GAAP and provide a name, such as "Adjusted Net Loss," to appropriately reflect what it represents. Additionally, expand your disclosure to explain how management uses this measure and why you believe it provides useful information to investors regarding your performance pursuant to Item 10(e)(1)(i)(C) and (D) of Regulation S-K. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
FirstName LastNameEvan Horowitz Comapany NameFarmhouse, Inc. May 23, 2022 Page 2 FirstName LastName Evan Horowitz Farmhouse, Inc. May 23, 2022 Page 2 You may contact Joseph Cascarano, Senior Staff Accountant, at (202) 551-3376 or Robert S. Littlepage, Accountant Branch Chief, at (202) 551-3361 with any questions. Sincerely, Division of Corporation Finance Office of Technology
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United States securities and exchange commission logo
May 23, 2022
Evan Horowitz
Chief Executive Officer
Farmhouse, Inc.
548 Market Street , Suite 90355
San Francisco, CA 94104
Re:Farmhouse, Inc.
Form 10-K for Fiscal Year Ended December 31, 2021
Filed April 22, 2022
File No. 000-56334
Dear Mr. Horowitz:
We have reviewed your filing and have the following comment. In our comment, we
may ask you to provide us with information so we may better understand your disclosure.
Please respond to this comment within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this comment, we may have additional comments.
Form 10-K for Fiscal Year Ended December 31, 2021
Management's Discussion and Analysis of Financial Condition and Results of Operations
Results of Operations, page 23
1.We note on page 23 you appear to be disclosing a Non-GAAP measure in which Net Loss
is adjusted for impairment of intangible assets and stock based fees. Please designate the
measure as Non-GAAP and provide a name, such as "Adjusted Net
Loss," to appropriately reflect what it represents. Additionally, expand your disclosure to
explain how management uses this measure and why you believe
it provides useful information to investors regarding your performance pursuant to
Item 10(e)(1)(i)(C) and (D) of Regulation S-K.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
FirstName LastNameEvan Horowitz
Comapany NameFarmhouse, Inc.
May 23, 2022 Page 2
FirstName LastName
Evan Horowitz
Farmhouse, Inc.
May 23, 2022
Page 2
You may contact Joseph Cascarano, Senior Staff Accountant, at (202) 551-3376
or Robert S. Littlepage, Accountant Branch Chief, at (202) 551-3361 with any questions.
Sincerely,
Division of Corporation Finance
Office of Technology