Artisan Consumer Goods Files 2024 10-K

TL;DR

Artisan Consumer Goods (ACGI) filed its 2024 10-K. Classified as METAL MINING, not consumer goods. Check financials.

AI Summary

Artisan Consumer Goods, Inc. filed its 10-K for the fiscal year ending June 30, 2024. The company, previously known as Cassidy Ventures Inc. and Lash, Inc., is classified under METAL MINING [1000] despite its name suggesting consumer goods. Its principal business address is in Seattle, WA. The filing details financial information for the period, including accumulated deficit and common stock figures.

Why It Matters

This filing provides a comprehensive overview of Artisan Consumer Goods, Inc.'s financial health and operational status for the fiscal year 2024, which is crucial for investors and stakeholders to assess the company's performance and future prospects.

Risk Assessment

Risk Level: medium — The company's classification as 'METAL MINING' while having 'Consumer Goods' in its name suggests potential business model or reporting discrepancies that warrant further investigation.

Key Numbers

• 0630 — Fiscal Year End (Indicates the end of the reporting period for the 10-K filing.)
• 2024-06-30 — Reporting Period End (Specific end date for the fiscal year 2024 financial statements.)
• 4400048 — Accumulated Deficit (Represents the total net losses of the company up to June 30, 2024.)

Key Players & Entities

• Artisan Consumer Goods, Inc. (company) — Filer of the 10-K
• 20240630 (date) — Fiscal year end date
• METAL MINING [1000] (industry) — Standard Industrial Classification
• Seattle, WA (location) — Business and mailing address
• Lash, Inc. (company) — Former company name
• Cassidy Ventures Inc. (company) — Former company name
• 20170926 (date) — Date of name change from Lash, Inc.
• 20110919 (date) — Date of name change from Cassidy Ventures Inc.

FAQ

Key Financial Figures

• $0.001 — hares of the Registrant's common stock, $0.001 par value per share, outstanding. ARTI
• $10,000 — the assets of Paleo Scavenger, LLC for $10,000. Paleo owns the Within / Without Granol
• $100,000 — t been engaged. We must raise at least $100,000 to commence our plan of operation, desc
• $7,648 — st 2022. We generated sales of $-0- and $7,648 for the years ended June 30, 2024 and 2
• $18,910 — The Company has generated net losses of $18,910 and $42,825 for the years ended June 30
• $42,825 — has generated net losses of $18,910 and $42,825 for the years ended June 30, 2024 and 2
• $23,915 — spectively. The decrease in net loss of $23,915 is attributable to the factors discusse
• $1,752 — we reported gross margins of $-0- and ($1,752) for the years ended June 30, 2024 and
• $32,059 — we incurred total operating expenses of $32,059 and $41,102. The decrease of $9,043 was
• $41,102 — total operating expenses of $32,059 and $41,102. The decrease of $9,043 was primarily a
• $9,043 — of $32,059 and $41,102. The decrease of $9,043 was primarily attributable to an approx
• $2,000 — rimarily attributable to an approximate $2,000 decrease in professional fees, an appro
• $1,000 — se in professional fees, an approximate $1,000 decrease in stock-based compensation an
• $6,000 — k-based compensation and an approximate $6,000 decrease in other general and administr
• $13,149 — ). Our total other income (expense) was $13,149 and $29 for the years ended June 30, 20

Filing Documents

• arrt_10k.htm (10-K) — 463KB
• arrt_ex311.htm (EX-31.1) — 11KB
• arrt_ex312.htm (EX-31.2) — 11KB
• arrt_ex321.htm (EX-32.1) — 5KB
• arrt_10kimg2.jpg (GRAPHIC) — 6KB
• arrt_10kimg1.jpg (GRAPHIC) — 6KB
• 0001477932-24-005016.txt ( ) — 1948KB
• arrt-20240630.xsd (EX-101.SCH) — 18KB
• arrt-20240630_lab.xml (EX-101.LAB) — 126KB
• arrt-20240630_cal.xml (EX-101.CAL) — 24KB
• arrt-20240630_pre.xml (EX-101.PRE) — 99KB
• arrt-20240630_def.xml (EX-101.DEF) — 32KB
• arrt_10k_htm.xml (XML) — 122KB

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 4 Item 1B. Unresolved Staff Comments 4 Item 2.

Properties

Properties 4 Item 3.

Legal Proceedings

Legal Proceedings 5 Item 4. Mine Safety Disclosures 5 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 6 Item 6.

Selected Financial Data

Selected Financial Data 6 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 6 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 8 Item 8.

Financial Statements

Financial Statements F-1 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 9 Item 9A.

Controls and Procedures

Controls and Procedures 9 Item 9B. Other Information 9 PART III Item 10. Directors, Executive Officers and Corporate Governance 10 Item 11.

Executive Compensation

Executive Compensation 11 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 12 Item 13. Certain Relationships and Related Transactions, and Director Independence 12 Item 14. Principal Accounting Fees and Services 12 PART IV Item 15. Exhibits and Financial Statement Schedules 13 Item 16. Form 10-K Summary 13

Signatures

Signatures 14 2 Table of Contents

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K of Artisan Consumer Goods, Inc., a Nevada corporation, contains "forward-looking statements," as defined in the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "could", "expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. The economic environment within which we operate could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: the volatility of minerals prices, the possibility that exploration efforts will not yield economically recoverable quantities of minerals, accidents and other risks associated with mineral exploration and development operations, the risk that the Company will encounter unanticipated geological factors, the Company's need for and ability to obtain additional financing, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration and development plans, other factors over which we have little or no control; and other factors discussed in the Company's filings with the Securities and Exchange Commission ("SEC").

BUSINESS

ITEM 1. BUSINESS Organization On September 14, 2009, the Company was incorporated under the laws of the State of Nevada. Until the date of filing of this Annual Report on Form 10-K, we were engaged in the business of acquisition, exploration and development of natural resource properties. On April 17, 2018, under the laws of the State of Nevada, we changed our name from "Lash, Inc." to "Artisan Consumer Goods, Inc." On October 19, 2016, under the laws of the State of Nevada, we changed our name from "Cassidy Ventures Inc." to "Lash, Inc." Amber Joy Finney has served as our President and Chief Executive Officer, Treasurer and sole director since September 28, 2016. Ms. Finney is also the holder of 2,271,429 shares of our common stock, amounting to 51.6% of the issued and outstanding shares of our common stock. William Drury has served as our Secretary since February 19, 2013. William Drury also served as our Treasurer and sole director from February 19, 2013, until September 28, 2016. Mr. Drury also served as our President from July 31, 2015 until September 28, 2016. During 2023, Mr. Drury passed away. Ms. Finney assumed his duties. As of June 30, 2024, we were authorized to issue 500,000,000 shares of common stock, par value $.001 per share, and 25,000,000 shares of "blank check" preferred stock, par value $0.001 per share. Our independent auditor has issued an audit opinion which includes a statement raising substantial doubt as to our ability to continue as a going concern. Our Business – and Immediate Need for Financing On July 15, 2021, we acquired the assets of Paleo Scavenger, LLC for $10,000. Paleo owns the Within / Without Granola ("WWG") brand. The purchase price includes the WWG trademarks, brands, books, records, intellectual property, commercial sales channel, customer lists and manufacturing rights. Early in 2021, WWG ceased operations, and we restarted the manufacturing process in June 2022. We generated our first sales since inception duri

RISK FACTORS

ITEM 1A. RISK FACTORS RISKS RELATING TO OUR COMPANY As a smaller reporting company (as defined in Rule 12b-2 of the Exchange Act), we are not required to provide the information called for by this Item 1A.

UNRESOLVED STAFF COMMENTS

ITEM 1B. UNRESOLVED STAFF COMMENTS None.

PROPERTIES

ITEM 2. PROPERTIES Our current business address is 999 N Northlake Way Ste 203, Seattle, Washington 98103-3442. We do not conduct any operations at that address. Our telephone number is (206) 517-7141. 4 Table of Contents

LEGAL PROCEEDINGS

ITEM 3. LEGAL PROCEEDINGS We are not currently involved in any legal proceedings, and we are not aware of any pending or potential legal actions.

MINE SAFETY DISCLOSURES

ITEM 4. MINE SAFETY DISCLOSURES. None. 5 Table of Contents PART II

MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS MARKET INFORMATION

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS MARKET INFORMATION MARKET INFORMATION Our shares of common stock are quoted on the over-the-counter markets, currently on the OTC Pink tier of the OTC Markets Group, Inc. (the "OTC Markets Group"), under the stock symbol "ARRT". As of August 16, 2024, the Company had 4,400,048 shares of common stock issued and outstanding, and we had approximately 28 holders of record of our common stock. DIVIDENDS Historically, we have not paid any dividends to the holders of our common stock, and we do not expect to pay any such dividends in the foreseeable future as we expect to retain our future earnings for use in the operation and expansion of our business. TRANSFER AGENT Our transfer agent is Empire Stock Transfer of Henderson, Nevada. Their address is 1859 Whitney Mesa Dr., Henderson, Nevada 89014, whose telephone number is (702) 818-5898. RECENT SALES OF UNREGISTERED SECURITIES None. SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS We have not established any compensation plans under which equity securities are authorized for issuance. PURCHASES OF EQUITY SECURITIES BY THE REGISTRANT AND AFFILIATED PURCHASERS We did not purchase any of our shares of common stock or other securities during the year ended June 30, 2024.

SELECTED FINANCIAL DATA

ITEM 6. SELECTED FINANCIAL DATA As a "smaller reporting company," as defined in Rule 12b-2 of the Exchange Act, we are not required to provide the information called for by this Item.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this annual report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to such differences include those discussed below and elsewhere in this annual report on Form 10-K. OVERVIEW The Company was incorporated in the State of Nevada on September 14, 2009 and has established a fiscal year end of June 30. PLAN OF OPERATION Our plan of operation for the following twelve months is as follows: On July 15, 2021, we acquired the assets of Paleo Scavenger, LLC for $10,000. Paleo owns the Within / Without Granola ("WWG") brand. The purchase price includes the WWG trademarks, brands, books, records, intellectual property, commercial sales channel, customer lists and manufacturing rights. Early in 2021, WWG ceased operations, and we restarted the manufacturing process in June 2022. 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 August 16, 2024, a new manufacturer has not been engaged. 6 Table of Contents We must raise at least $100,000 to commence our plan of operation, described above, and fund our ongoing operational expenses. We have no assurance that future financing will materialize. If that financing is not available, we may be unable to continue our operations. Management be

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK As a "smaller reporting company," as defined in Rule 12b-2 of the Exchange Act, we are not required to provide the information called for by this Item. 8 Table of Contents

FINANCIAL STATEMENTS

ITEM 8. FINANCIAL STATEMENTS Artisan Consumer Goods, Inc. June 30, 2024 and 2023 Index to the Financial Statements Contents Page(s) Report of Independent Registered Public Accounting Firm (PCAOB: 5041) F-2 Balance Sheets at June 30, 2024 and 2023 F-4 F-5 F-6 F-7 Notes to the financial statements F-8 F-1 Table of Contents REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the shareholders and the board of directors of Artisan Consumer Goods, Inc. Opinion on the Financial Statements We have audited the accompanying consolidated balance sheets of Artisan Consumer Goods, Inc. as of June 30, 2024, and the related statements of operations, stockholders' equity (deficit), and cash flows for the years then ended, and the related notes (collectively referred to as the "financial statements"). For the year ending June 30, 2023, the audit was performed by another PCAOB registered firm whose audit report is hereby included. In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of June 30, 2024, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States. Substantial Doubt about the Company's Ability to Continue as a Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 of the financial statements, the Company has suffered recurring losses from operations and has a significant accumulated deficit. In addition, the Company continues to experience negative cash flows from operations. These factors raise substantial doubt about the Company's ab

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