Artisan Consumer Goods Reports No Revenue and Increased Losses for Three and Nine Months Ended March 31, 2025

Artisan Consumer Goods, Inc. reported its financial results for the three and nine months ended March 31, 2025, revealing continued challenges in revenue generation and increased operating losses. The company, which focuses on the Within / Without Granola brand, reported no revenue for both the three-month and nine-month periods, consistent with the same periods in the previous fiscal year. The net loss for the three months ending March 31, 2025, was $33,046, compared to a loss of $7,577 in the same period last year. For the nine months, the net loss increased to $44,066 from $27,975, reflecting a growing financial strain.

Total operating expenses for the three months ended March 31, 2025, were $29,949, significantly higher than the $7,791 reported in the same period of 2024. This increase was primarily driven by a rise in professional fees associated with a change in the company's audit firm and the reauditing of previous fiscal years. The company also reported total operating expenses of $44,041 for the nine months ending March 31, 2025, compared to $28,189 for the same period in 2024, again largely due to increased professional fees.

As of March 31, 2025, Artisan Consumer Goods had total assets of $5,836, a substantial increase from $2,920 as of June 30, 2024. The increase was primarily due to a rise in cash reserves, which grew to $4,836 from $1,795. However, the company also reported a working capital deficit of $321,604, up from $278,923 at the end of the previous fiscal year. Current liabilities totaled $326,440, with related party loans accounting for $230,666, reflecting ongoing financial support from the company's CEO, Amber Finney.

The company has faced operational challenges, including the expiration of its initial inventory of granola products in February 2023, which has hindered its ability to generate sales. Artisan Consumer Goods is actively seeking a new manufacturer to produce smaller batches of its granola products but has yet to secure one. The management has indicated that it needs to raise at least $100,000 to fund ongoing operations and restart production effectively. The outlook remains uncertain, as the company has not generated positive cash flows from operations and continues to rely on loans from its directors to meet its financial obligations.

Looking ahead, Artisan Consumer Goods plans to finance its operations through existing cash reserves and potential loans or private placements of common stock. However, the company acknowledges the significant risk associated with its ability to raise additional capital, which is critical for its survival and growth. The management has expressed concerns about the company's ability to continue as a going concern if it cannot secure the necessary funding.