ARRT 10-K & 10-Q changes, risk factors and insider trading

We generated our first sales since inception during August 2022. We are currently selling our original and maple flavored granola products on Shopify. During February 2023, the inventory from the first run of the Within / Without Granola products expired and the remaining inventory was written off. The Company is searching for a new manufacturer to produce smaller batches of the Within / Without Granola products. As of OctoberSeptember 2,28, 2025,2026, a new manufacturer has not been engaged.

Overview. Artisan Consumer Goods, Inc. is a Nevada corporation, originally formed on September 19, 2009. We are attempting to restart the Within / Without Granola (“WWG”) brand acquired on July 15, 2021. We generated our first sales in August 2022. We generated sales of $-0- for the years endedending June 30, 20252026 and 2024.2025. The Company has generated net losses of $50,732$36,862 and $18,910$50,732 for the years endedending June 30, 20252026 and 2024,2025, respectively. The increasedecrease in net loss of $31,822$13,870 is attributable to the factors discussed below.

Operating Expenses. For the years endedending June 30, 20252026 and 2024,2025, respectively, we incurred total operating expenses of $49,991$36,997 and $32,059.$49,991. The increasedecrease of $17,932$12,994 was primarily attributable to an approximate $19,000 increasedecrease in professional feesfees, andoffset by an approximate $2,000$6,000 increase in other general and administrative expenses, offset by an approximate $3,000 decrease in amortization expense.expenses.

Other Income (Expense). Our total other income (expense) was $135 and ($741) and $13,149 for the years endedending June 30, 20252026 and 2024,2025, respectively. The decreaseincrease in other income of $13,890$876 was attributable to a $2,640$876 decreaseincrease in other income related to the change in market value of shares issued to the estate of Mr. Drury but not yet sold (See Note 4 – Related Party Transactions in the accompanying notes to the financial statements) and a $11,250 gain on extinguishment of debt for two accounts payable either past statute of limitations or for work not executed during the year ended June 30, 2024..

The following table provides selected financial data about our companyCompany for the years endedending June 30, 20252026 and 2024.2025.

As at June 30, 2025,2026, our total assets were $9,870$9,603 and were comprised of cash for $1,370,$563, prepaid expenses of $8,040 and trademarks for $1,000. The trademarks resulted from our July 15, 2021 acquisition of the Within / Without Granola brand.

As at June 30, 2025,2026, our current liabilities of $336,615$371,705 were comprised of accounts payable of $33,850,$52,944, accrued liabilities for $47,099$46,964 and related party loans of $255,666.$271,797 As at June 30, 2025,from our stockholders’ deficiency was $326,745.CEO.

We have not generated positive cash flows from operating activities. Net cash used in operations was $55,425$16,938 and $32,272$55,425 for the years endedending June 30, 20252026 and 2024,2025, respectively.

For the fiscal years endedending June 30, 20252026 and 2024,2025, net cash flows provided by financing activities was $55,000$16,131 and $32,000,$55,000, respectively from cash advances from our CEO.

To date the Company has little operations or revenues and consequently has incurred recurring losses from operations. The Company has incurred a loss since inception resulting in an accumulated deficit of $19,352,865$19,357,685 at DecemberMarch 31, 20252026 and further losses are anticipated in the development of its business. In addition, the Company has negative working capital and cash flows from operating activities. These factors indicate raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from directors and/or private placement of common stock.

We generated our first sales since inception during August 2022. We were selling our original and maple flavored granola products on Shopify. During February 2023, the inventory from the first run of the Within / Without Granola products expired and the remaining inventory was written off. The Company is searching for a new manufacturer to produce smaller batches of the Within / Without Granola products. As of FebruaryMay, 14,15, 2026, a new manufacturer has not been engaged.

Results of Operations for the Three monthsMonths Ended DecemberMarch 31, 20252026 and 20242025

Overview. Artisan Consumer Goods, Inc. is a Nevada corporation, originally formed on September 19, 2009. We are attempting to restart the Within / Without Granola (“WWG”) brand acquired on July 15, 2021. We generated sales of $-0- for the three months ended DecemberMarch 31, 20252026 and 2024,2025, respectively. The Company has generated net losses of $3,960$4,820 and $2,328$33,046 for the three months ending DecemberMarch 31, 20252026 and 2024,2025, respectively. The increasedecrease in net loss of $1,682$28,226 is attributable to the factors discussed below.

Expenses. For the sixthree months ending DecemberMarch 31, 20252026 and 2024,2025, respectively, we incurred total operating expenses of $24,644$5,633 and $14,092.$29,949. The increasedecrease of $10,552$24,316 was primarily attributable to an approximate $7,000$26,000 increasedecrease in professional fees for our change in audit firms,firms andduring anthe approximatethree $4,000months ended March 31, 2025, offset by a $2,000 increase in other general and administrative expenses.

Other Income (Expense). Our total other income (expense) was ($328)$813 and $3,072($3,097) for the sixthree months ended DecemberMarch 31, 20252026 and 2024,2025, respectively. The increase in other expenseincome of $3,400$3,910 was attributable to a $3,400$3,910 increase in other expenseincome related to the change in market value of shares issued to the estate of Mr. Drury but not yet sold (See Note 4 – Related Party Transaction in the accompanying notes to the financial statements).

Our cash balance was $1,463$638 and a working capital deficit wasof $351,702$356,242 at DecemberMarch 31, 20252026 compared to a cash balance of $1,370 and working capital deficit of $327,745 at June 30, 2025. Total expenditures over the next 12 months are expected to be approximately $50,000. If we experience a shortage of funds prior to generating revenues from operations we may utilize funds from our directors, who have informally agreed to advance funds to allow us to pay for operating costs, however they have no formal commitment, arrangement or legal obligation to advance or loan funds to us. Management believes our current cash balance will not be sufficient to fund our operations for the next twelve months.

As at DecemberMarch 31, 2025,2026, our total assets were $6,213$3,513 and were comprised of cash for $1,463,$638, prepaid expenses of 3,7501,875 and trademarks for $1,000. The trademarks resulted from our July 15, 2021 acquisition of the Within / Without Granola brand.

As at DecemberMarch 31, 2025,2026, our current liabilities of $356,915$358,755 were comprised of accounts payable of $42,800,$43,454, accrued liabilities for $47,426$46,614 and related party loans of $266,689.$268,687.

As at DecemberMarch 31, 2025,2026, our stockholders’ deficiency was $350,702.$355,242. We have an accumulated deficit of $19,357,685 at March 31, 2026.

We have not generated positive cash flows from operating activities. Net cash used in operations was $10,930$13,753 and $11,357$26,959 for the sixnine months ending DecemberMarch 31, 20252026 and 2024,2025, respectively.

For the sixnine months ending DecemberMarch 31, 20252026 and 2024,2025, net cash flows provided by financing activities were $11,023$13,021 and $10,000,$30,000, respectively from cash advances from our CEO.