Frequency Holdings Files 10-Q for Q2 2025

TL;DR

Frequency Holdings filed its Q2 2025 10-Q. Check financials.

AI Summary

Frequency Holdings, Inc. filed its 10-Q for the period ending June 30, 2025. The filing details the company's financial position and operational updates. Key financial data and disclosures relevant to investors are presented in this report.

Why It Matters

This 10-Q filing provides investors with an updated view of Frequency Holdings' financial health and operational performance for the second quarter of 2025.

Risk Assessment

Risk Level: medium — As a 10-Q filing, it contains detailed financial information that requires careful analysis to assess the company's risk profile.

Key Numbers

• 20250630 — End of Fiscal Period (The report covers financial data up to this date.)
• 20250819 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Frequency Holdings, Inc. (company) — Filer of the 10-Q
• 20250630 (date) — End of the reporting period
• 20250819 (date) — Filing date
• MOKENA, IL (location) — Company's business and mailing address
• 471893698 (organization_id) — Employer Identification Number (EIN)

FAQ

Key Financial Figures

• $1 billion — r total annual revenues equal or exceed $1 billion (subject to adjustment for inflation),
• $700 million — large accelerated filer" (with at least $700 million in public float) under the Securities a
• $250 million — ny and have a public float of less than $250 million and annual revenues of less than $100 m
• $100 million — illion and annual revenues of less than $100 million during the most recently completed fisc
• $3,025,249 — onsideration given for the purchase was $3,025,249 The purchase price was allocated to net
• $54,006 — was allocated to net tangible assets of $54,006 with the balance of $2,510,0291 allocat
• $2,510,0291 — e assets of $54,006 with the balance of $2,510,0291 allocated to goodwill, which is not amo
• $2,117,502 — e price adjustment reducing goodwill to $2,117,502. During the three months ended March 31

Filing Documents

• frequencyholdings_10q.htm (10-Q) — 1033KB
• frequencyholdings_ex31-1.htm (EX-31.1) — 8KB
• frequencyholdings_ex32-1.htm (EX-32.1) — 4KB
• 0001829126-25-006517.txt ( ) — 5923KB
• frqn-20250630.xsd (EX-101.SCH) — 72KB
• frqn-20250630_cal.xml (EX-101.CAL) — 67KB
• frqn-20250630_def.xml (EX-101.DEF) — 201KB
• frqn-20250630_lab.xml (EX-101.LAB) — 356KB
• frqn-20250630_pre.xml (EX-101.PRE) — 311KB
• frequencyholdings_10q_htm.xml (XML) — 842KB

Financial Statements

Financial Statements 1 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 29 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 35 Item 4.

Controls and Procedures

Controls and Procedures 35 PART II Item 1.

Legal Proceedings

Legal Proceedings 36 Item 1A.

Risk Factors

Risk Factors 36 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 36 Item 3. Defaults Upon Senior Securities 36 Item 4. Mine Safety Disclosures 36 Item 5. Other Information 36 Item 6 . Exhibits 37

SIGNATURES

SIGNATURES 38 i Emerging Growth Company We are and we will remain an "emerging growth company" as defined under The Jumpstart Our Business Startups Act (the "JOBS Act"), until the earliest to occur of (i) the last day of the fiscal year during which our total annual revenues equal or exceed $1 billion (subject to adjustment for inflation), (ii) the last day of the fiscal year following the fifth anniversary of our initial public offering, (iii) the date on which we have, during the previous three-year period, issued more than $1 billion in non-convertible debt securities, or (iv) the date on which we are deemed a "large accelerated filer" (with at least $700 million in public float) under the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). As an "emerging growth company", we may take advantage of specified reduced disclosure and other requirements that are otherwise applicable generally to public companies. These provisions include: only two years of audited financial statements in addition to any required unaudited interim financial statements with correspondingly reduced "Management's Discussion and Analysis" disclosure; reduced disclosure about our executive compensation arrangements; no requirement that we hold non-binding advisory votes on executive compensation or golden parachute arrangements; and exemption from the auditor attestation requirement in the assessment of our internal control over financial reporting. We have taken advantage of some of these reduced burdens, and thus the information we provide stockholders may be different from what you might receive from other public companies in which you hold shares. In addition, Section 107 of the JOBS Act also provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the ado

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS FREQUENCY HOLDINGS INC. (formerly Yuengling's Ice Cream Corporation) Index to Financial Statements Condensed Consolidated Balance Sheets as of June 30, 2025 (Unaudited) and December 31, 2024 2 Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2025 and 2024 (Unaudited) 3 Condensed Consolidated Statement of Changes in Stockholders' Deficit for the three and six months ended June 30, 2025 and 2024 (Unaudited) 4 Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2025 and 2024 (Unaudited) 5 Notes to Condensed Consolidated Financial Statements (Unaudited) 6 1 FREQUENCY HOLDINGS INC. (formerly Yuengling's Ice Cream Corporation) CONDENSED CONSOLIDATED BALANCE SHEETS June 30, 2025 December 31, 2024 (Unaudited) (Audited) ASSETS Current Assets: Cash $ 66,148 $ 275,292 Accounts receivable, net 22,403 164,549 Prepaid expenses 40,579 60,487 Total Current Assets 129,130 500,328 Other Assets: Furniture and fixed assets, net - 7,500 Right of use asset - 31,730 Total non-current assets - 39,230 Total Assets $ 129,130 $ 539,558 LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities: Accounts payable and accrued expenses $ 414,034 $ 2,062,746 Accrued interest 236,477 935,699 Due to officer 74,098 - Due to financial institutions - 917,405 Seller notes and loans payable, related parties current - 465,618 Term note payable, related parties - 1,175,000 Other loans and notes payable 301,831 240,160 Officer life insurance liability, current portion - 900,000 Convertible notes payable, net of debt discount 1,375,410 954,907 Derivative liability 4,264,106 5,786,478 Lease liability, current portion - 33,242 Total Current Liabilities 6,665,956 13,471,255 Non-Current Liabilities: Officer life insurance premium, non-

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