Artisan Consumer Goods Faces Going Concern Amid Zero Revenue, Mounting Losses

Ticker: ARRT · Form: 10-K · Filed: Oct 2, 2025 · CIK: 1530425

Sentiment: bearish

Topics: Going Concern, Zero Revenue, Net Loss, Micro-Cap, Consumer Goods, OTC Markets, Financing Risk

TL;DR

**ARRT is a zombie stock with zero revenue and a going concern warning; avoid at all costs as it's likely headed for liquidation.**

AI Summary

Artisan Consumer Goods, Inc. (ARRT) reported zero revenue for both the fiscal years ended June 30, 2025, and June 30, 2024, indicating a complete lack of sales activity. The company experienced a net loss of $50,732 in 2025, a significant increase from the $18,910 net loss in 2024, primarily due to a $17,932 rise in operating expenses, including a $19,000 increase in professional fees. Total assets grew to $9,870 in 2025 from $2,920 in 2024, while total liabilities surged to $336,615 from $280,718, exacerbating the stockholders' deficit to $326,745. The company's core business, the Within / Without Granola (WWG) brand acquired for $10,000 in 2021, ceased operations in early 2021, restarted manufacturing in June 2022, but then saw its inventory expire in February 2023. ARRT is actively seeking a new manufacturer for WWG products and urgently needs to raise at least $100,000 through a private placement to fund operations, without which it faces the risk of ceasing business operations.

Why It Matters

Artisan Consumer Goods' dire financial state, marked by zero revenue and an accumulated deficit of $19,327,893, signals extreme risk for investors. The company's inability to secure a new manufacturer for its sole product, Within / Without Granola, since February 2023, highlights significant operational challenges and a lack of competitive viability in the consumer goods market. Employees face job insecurity given the explicit warning of ceasing business operations if $100,000 in financing isn't secured. Customers of the WWG brand are left without product, and the broader market sees a cautionary tale of a micro-cap company struggling to execute a basic business plan.

Risk Assessment

Risk Level: high — The risk level is high due to the company's explicit 'going concern' warning from its independent auditor, an accumulated deficit of $19,327,893 at June 30, 2025, and zero revenue for the fiscal years ended June 30, 2025, and 2024. Furthermore, the company needs to raise at least $100,000 to continue operations and has no assurance of securing this financing, indicating an imminent threat to its survival.

Analyst Insight

Investors should avoid ARRT given its 'going concern' status, zero revenue, and significant accumulated deficit of $19,327,893. The company's inability to secure a manufacturer for its only product since February 2023 suggests fundamental operational issues that make it an unviable investment.

Financial Highlights

debt To Equity
N/A
revenue
$0
operating Margin
N/A
total Assets
$9,870
total Debt
$336,615
net Income
-$50,732
eps
N/A
gross Margin
N/A
cash Position
$1,370
revenue Growth
N/A

Revenue Breakdown

SegmentRevenueGrowth
Within / Without Granola (WWG)$0N/A

Key Numbers

Key Players & Entities

FAQ

What were Artisan Consumer Goods, Inc.'s revenues for the fiscal year ended June 30, 2025?

Artisan Consumer Goods, Inc. reported zero revenue for the fiscal year ended June 30, 2025, as well as for the fiscal year ended June 30, 2024, indicating a complete absence of sales.

What was Artisan Consumer Goods, Inc.'s net loss for the fiscal year ended June 30, 2025?

Artisan Consumer Goods, Inc. incurred a net loss of $50,732 for the fiscal year ended June 30, 2025. This represents a significant increase from the $18,910 net loss reported for the fiscal year ended June 30, 2024.

Who is the current CEO of Artisan Consumer Goods, Inc. and what is her ownership stake?

Amber Joy Finney has served as the President, Chief Executive Officer, Treasurer, and sole director of Artisan Consumer Goods, Inc. since September 28, 2016. She holds 2,271,429 shares of common stock, amounting to 51.6% of the issued and outstanding shares.

What is the primary business of Artisan Consumer Goods, Inc.?

Artisan Consumer Goods, Inc.'s primary business involves the acquisition and manufacture of consumer goods, specifically attempting to restart the Within / Without Granola (WWG) brand, which it acquired from Paleo Scavenger, LLC for $10,000 on July 15, 2021.

Why is Artisan Consumer Goods, Inc. facing a 'going concern' warning?

Artisan Consumer Goods, Inc. is facing a 'going concern' warning due to minimal revenues, an accumulated deficit of $19,327,893 at June 30, 2025, negative working capital, and negative cash flows from operating activities. The company also explicitly states it needs to raise at least $100,000 to continue operations.

What is Artisan Consumer Goods, Inc.'s plan to address its financing needs?

Artisan Consumer Goods, Inc. plans to raise at least $100,000 through a private placement of common stock to fund its operations. If unsuccessful, it would seek debt financing, which management believes would be difficult to obtain for a development-stage business.

When did Artisan Consumer Goods, Inc. last generate sales from its Within / Without Granola brand?

Artisan Consumer Goods, Inc. generated its first sales since inception during August 2022. However, the inventory from this first run of Within / Without Granola products expired in February 2023, and the company has not engaged a new manufacturer as of October 2, 2025.

What was the change in Artisan Consumer Goods, Inc.'s total liabilities from 2024 to 2025?

Artisan Consumer Goods, Inc.'s total liabilities increased from $280,718 at June 30, 2024, to $336,615 at June 30, 2025, representing a rise of $55,897.

Does Artisan Consumer Goods, Inc. have a physical office for operations?

No, Artisan Consumer Goods, Inc. currently does not rent any real property or offices and does not conduct any operations at its administrative business address of 999 N Northlake Way Ste 203, Seattle, Washington 98103-3442.

What was the primary reason for the increase in Artisan Consumer Goods, Inc.'s operating expenses in 2025?

The primary reason for the $17,932 increase in operating expenses for the year ended June 30, 2025, compared to 2024, was an approximate $19,000 increase in professional fees, partially offset by a $3,000 decrease in amortization expense.

Risk Factors

Industry Context

The consumer goods industry, particularly in the specialty food sector like granola, is highly competitive. Success often hinges on brand differentiation, effective marketing, efficient supply chains, and consistent product quality. Artisan brands typically target niche markets with premium pricing. However, ARRT's current situation, marked by zero revenue and operational halts, places it far outside typical industry performance metrics.

Regulatory Implications

As a publicly traded company, ARRT is subject to SEC regulations, including timely and accurate financial reporting. The 'going concern' warning from its auditor necessitates careful monitoring by regulators. Failure to secure financing and cease operations could lead to delisting or further regulatory scrutiny.

What Investors Should Do

  1. Evaluate the feasibility of the $100,000 private placement.
  2. Assess the viability of restarting the WWG brand.
  3. Monitor cash burn and operational expenses.
  4. Consider the significant dilution risk from future financing.

Key Dates

Glossary

Going Concern
An accounting assumption that a company will continue to operate for the foreseeable future. If there is substantial doubt, it must be disclosed. (The auditor's opinion raises substantial doubt about ARRT's ability to continue as a going concern, indicating severe financial distress.)
Stockholders' Deficit
Occurs when a company's total liabilities exceed its total assets, resulting in a negative equity position. (ARRT has a significant stockholders' deficit of $326,745 as of June 30, 2025, highlighting its precarious financial state.)
Smaller Reporting Company
A classification by the SEC for companies meeting certain revenue and public float thresholds, allowing them to file less extensive disclosures. (ARRT is a smaller reporting company, which exempts it from certain detailed disclosures like comprehensive risk factors and market risk analysis.)
Private Placement
A sale of securities directly to a select group of investors, rather than through a public offering. (ARRT urgently needs to raise $100,000 through a private placement to fund its operations, which is critical for its survival.)
Blank Check Preferred Stock
Preferred stock where the specific rights, preferences, and privileges are not defined in the charter and can be determined by the board of directors. (ARRT has 25,000,000 shares of 'blank check' preferred stock authorized, providing flexibility for future capital raising or strategic transactions.)

Year-Over-Year Comparison

Compared to the prior fiscal year, Artisan Consumer Goods, Inc. has seen a significant deterioration in its financial condition. Revenue remains at $0 for both periods, indicating no sales activity. The net loss has widened substantially from $18,910 in 2024 to $50,732 in 2025, driven by increased operating expenses. Total liabilities have grown, and the stockholders' deficit has worsened considerably, underscoring the escalating financial distress and the critical need for immediate funding.

Filing Stats: 4,581 words · 18 min read · ~15 pages · Grade level 12.7 · Accepted 2025-10-02 17:22:34

Key Financial Figures

Filing Documents

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 5 Item 1B. Unresolved Staff Comments 5 Item 1C. Cybersecurity 5 Item 2.

Properties

Properties 5 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 9 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 10 Item 9A.

Controls and Procedures

Controls and Procedures 10 Item 9B. Other Information 11 PART III Item 10. Directors, Executive Officers and Corporate Governance 12 Item 11.

Executive Compensation

Executive Compensation 13 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 14 Item 13. Certain Relationships and Related Transactions, and Director Independence 14 Item 14. Principal Accounting Fees and Services 14 PART IV Item 15. Exhibits and Financial Statement Schedules 15 Item 16. FORM 10-K Summary 15

Signatures

Signatures 16 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 and manufacture of consumer goods. 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, 2025, 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 during August 2022. We are cur

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.

CYBERSECURITY

ITEM 1C. CYBERSECURITY Cybersecurity Risk Management and Strategy We have developed and maintain a cybersecurity risk management methodology intended to protect the confidentiality, integrity, and availability of our critical systems and information. Our cybersecurity risk management methodology is integrated into our overall enterprise risk management, and shares common methodologies, reporting channels and governance processes that apply across the Company to other legal, compliance, strategic, operational, and financial risk areas. As part of our overall risk management processes and procedures, we have instituted a cybersecurity awareness designed to identify, assess and manage material risks from cybersecurity threats. The cyber risk management methodology involves risk assessments, implementation of security measures and ongoing monitoring of systems and networks, including networks on which we rely. Through our cybersecurity awareness, the current threat landscape is actively monitored in an effort to identify material risks arising from new and evolving cybersecurity threats. We may engage external experts, including cybersecurity assessors, consultants and auditors to evaluate cybersecurity measures and risk management processes as needed. Our risk management, legal, and compliance personnel oversee and identify material risks from cybersecurity threats. Our cybersecurity risk management methodology includes: We have not identified risks from known cybersecurity threats, that have materially affected us, including our operations, business strategy, results of operations, or financial condition. We face risks from cybersecurity threats that, if realized, are reasonably likely to materially affect us, including our operations, business strategy, results of operations, or financial condition. Cybersecurity Governance Our Board of Directors oversees our risk management, including our information technology and cybersecurity policies, procedures, and ri

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.

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, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES MARKET INFORMATION Our shares of common stock are quoted on the over-the-counter markets, currently on the OTCID tier of the OTC Markets Group, Inc. (the "OTC Markets Group"), under the stock symbol "ARRT". As of October 2, 2025, 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, 2025.

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. 6 Table of Contents 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 October 2, 2025, a new manufacturer has not been engaged. 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, 2025 and 2024 Index to the Financial Statements Contents Page(s) Report of Independent Registered Public Accounting Firm (PCAOB: 7275) F-1 Balance Sheets at June 30, 2025 and 2024 F-2 F-3 F-4 F-5 Notes to the Financial Statements F-6 9 Table of Contents REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Stockholders of Artisan Consumer Goods, Inc. Opinion on the Financial Statements We have audited the accompanying balance sheets of Artisan Consumer Goods, Inc. (the "Company") as of June 30, 2025, and the related statements of operations, changes in stockholders' equity, and cash flows for the year ended, including the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Artisan Consumer Goods, Inc. as of June 30, 2025, and the results of its operations and cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America. Basis for Opinion These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB.

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