Form 10-Q - Quarterly report [Sections 13 or 15(d)]

Share Name	Share Symbol	Market	Type
Artisan Consumer Goods Inc (PK)	USOTC:ARRT	OTCMarkets	Common Stock

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	0.25999	0.102	1.89				0.00	21:25:30

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(MARK ONE)

☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended December 31, 2023

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______ to ______

Commission File No. 000-54838

ARTISAN CONSUMER GOODS, INC.

(Exact name of registrant as specified in its charter)

Nevada		26-1240056
(State or other jurisdiction of		(I.R.S. Employer
incorporation or organization)		Identification No.)

999 N Northlake Way Ste 203

Seattle, Washington 98103-3442

(Address of principal executive offices, zip code)

(206) 517-7147

(Registrant’s telephone number, including area code)

____________________________________________________________

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Common

ARRT

OTC Markets

Indicate by check mark whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (check one):

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated Filer	☒	Smaller reporting company	☒
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Exchange Act Rule 12b-2 of the Exchange Act): Yes ☐ No ☒

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes ☐ No ☐

APPLICABLE ONLY TO CORPORATE ISSUERS

As of February 20, 2024, there were 4,400,048 shares of common stock, $0.001 par value per share, outstanding.

ARTISAN CONSUMER GOODS, INC.

QUARTERLY REPORT ON FORM 10-Q

FOR THE PERIOD ENDED DECEMBER 31, 2023

INDEX

Index		Page

Part I. Financial Information

Item 1.	Financial Statements	4

	Balance Sheets as of December 31, 2023 and June 30, 2023 (unaudited).	4

	Statements of Operations for the three and six months ended December 31, 2023 and 2022 (unaudited).	5

	Statements of Changes in Stockholders’ Deficiency for the three and six months ended December 31, 2023 and 2022 (unaudited).	6

	Statements of Cash Flow for the six months ended December 31, 2023 and 2022 (unaudited).	7

	Notes to Financial Statements (unaudited).	8

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.	11

Item 3.	Quantitative and Qualitative Disclosures About Market Risk.	13

Item 4.	Controls and Procedures.	13

Part II. Other Information

Item 1.	Legal Proceedings.	14

Item 1A.	Risk Factors	14

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.	14

Item 3.	Defaults Upon Senior Securities.	14

Item 4.	Mine Safety Disclosures.	14

Item 5.	Other Information.	14

Item 6.	Exhibits.	15

Signatures		16

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q of Artisan Consumer Goods, Inc., a Nevada corporation (the “Company”), 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 to product demand, market and customer acceptance, competition, pricing, the exercise of the control over us by Amber Joy Finney, the Company’s sole officer and director and majority shareholder, and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions; and other factors discussed in the Company’s filings with the Securities and Exchange Commission (“SEC”).

Our management has included projections and estimates in this Form 10-Q, which are based primarily on management’s experience in the industry, assessments of our results of operations, discussions and negotiations with third parties and a review of information filed by our competitors with the SEC or otherwise publicly available. We caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

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ARTISAN CONSUMER GOODS, INC.
Balance Sheets (Unaudited)

	December 31, 2023			June 30, 2023

Assets
Current assets:
Cash	$	-		$	2,067
Total current assets		-			2,067

Other assets
Intellectual property (net of accumulated amortization of $7,375 and $5,875) as of December 31, 2023 and June 30, 2023, respectively		1,625			3,125
Trademarks		1,000			1,000
Total other assets		2,625			4,125

Total Assets	$	2,625		$	6,192

Liabilities and Stockholders' Deficiency

Current liabilities:
Accounts payable	$	49,548		$	49,522
Accrued expenses		48,257			48,257
Related party loans		184,666			168,666
Total current liabilities		282,471			266,445

Commitments and contingencies		-			-

Stockholders' deficiency:
Preferred stock, $0.001 par value; 25,000,000 shares authorized, -0- preferred stock shares issued and outstanding as of December 31, 2023 and June 30, 2023		-			-
Common stock, $0.001 par value, 500,000,000 shares authorized 4,400,048 issued and outstanding as of as of December 31, 2023 and June 30, 2023		4,400			4,400
Additional paid-in capital		18,984,200			18,984,200
Stock to be issued		10,203			9,398
Accumulated deficit		(19,278,649	)		(19,258,251	)
Total stockholders' deficiency		(279,846	)		(260,253	)

Total Liabilities and Stockholders' Deficiency	$	2,625		$	6,192

The accompanying notes are an integral part of these financial statements.

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ARTISAN CONSUMER GOODS, INC.
Statements of Operations (Unaudited)

	For the Three Months Ended						For the Six Months Ended
	December 31, 2023			December 31, 2022			December 31, 2023			December 31, 2022

Revenue	$	-		$	6,569		$	-		$	7,434
Cost of Revenue		-			5,330			-			5,765

Gross margin		-			1,239			-			1,669

Operating expenses:
Stock based compensation		315			525			805			1,330
Professional fees		12,691			3,598			16,391			17,131
General and administrative expenses		707			1,796			1,702			8,065
Amortization expense		750			750			1,500			1,500
Total operating expenses		14,463			6,669			20,398			28,026

Net operating income (loss)		(14,463	)		(5,430	)		(20,398	)		(26,357	)

Other income (expense):
Other income		-			-			-			15
Total Other income (expense)		-			-			-			15

Net income (loss)	$	(14,463	)	$	(5,430	)	$	(20,398	)	$	(26,342	)

Basic and diluted income (loss) per share	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.01	)

Weighted average number of common shares outstanding - basic and diluted		4,400,048			4,400,048			4,400,048			4,400,048

The accompanying notes are an integral part of these financial statements.

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ARTISAN CONSUMER GOODS, INC.

Statements of Changes in Stockholders' Deficiency (Unaudited)

									Additional		Common					Total
	Common Stock				Preferred Stock				Paid-In		Stock		Accumulated			Stockholders'
	Shares		Amount		Shares		Amount		Capital		To Be Issued		Deficit			Deficiency
For the Three Months Ended December 31, 2022
Balance at September 30, 2022		4,400,048	$	4,400		-	$	-	$	18,984,200	$	8,348	$	(19,236,338	)	$	(239,390	)

Stock based compensation												525					525
Net loss														(5,430	)		(5,430	)

Balance at December 31, 2022		4,400,048	$	4,400		-	$	-	$	18,984,200	$	8,873	$	(19,241,768	)	$	(244,295	)

For the Six Months Ended December 31, 2022
Balance at June 30, 2022		4,400,048	$	4,400		-	$	-	$	18,984,200	$	7,543	$	(19,215,426	)	$	(219,283	)

Stock based compensation												1,330					1,330
Net loss														(26,342	)		(26,342	)

Balance at December 31, 2022		4,400,048	$	4,400		-	$	-	$	18,984,200	$	8,873	$	(19,241,768	)	$	(244,295	)


For the Three Months Ended December 31, 2023
Balance at September 30, 2023		4,400,048	$	4,400		-	$	-	$	18,984,200	$	9,888	$	(19,264,186	)	$	(265,698	)

Stock based compensation												315					315
Net loss														(14,463	)		(14,463	)

Balance at December 31, 2023		4,400,048	$	4,400		-	$	-	$	18,984,200	$	10,203	$	(19,278,649	)	$	(279,846	)

For the Six Months Ended December 31, 2023
Balance at June 30, 2023		4,400,048	$	4,400		-	$	-	$	18,984,200	$	9,398	$	(19,258,251	)	$	(260,253	)

Stock based compensation												805					805
Net income														(20,398	)		(20,398	)

Balance at December 31, 2023		4,400,048	$	4,400		-	$	-	$	18,984,200	$	10,203	$	(19,278,649	)	$	(279,846	)

The accompanying notes are an integral part of these financial statements.

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ARTISAN CONSUMER GOODS, INC.
Statements of Cash Flow (Unaudited)

	For the Six Months Ended
	December 31, 2023			December 31, 2022

Cash flows from operating activities:
Net income (loss)	$	(20,398	)	$	(26,342	)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization expense		1,500			1,500
Stock based compensation		805			1,330
Fair value adjustment for shares issued from settlement agreement (Note 3)		-			(15	)
Changes in operating assets and liabilities:
Accounts receivable		-			(848	)
Inventory		-			5,683
Accounts payable		26			(7,458	)
Net cash used in operating activities		(18,067	)		(26,150	)

Cash flows from financing activities
Proceeds from related party advances		16,000			21,450
Net cash provided by financing activities		16,000			21,450

Net increase (decrease) in cash		(2,067	)		(4,700	)
Cash - beginning of the year		2,067			13,555
Cash - end of the quarter	$	-		$	8,855

Supplemental disclosures:
Interest paid	$	-		$	-
Income taxes	$	-		$	-

The accompanying notes are an integral part of these financial statements.

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Artisan Consumer Group, Inc.

Notes to Financial Statements (Unaudited)

As of December 31, 2023 and June 30, 2023

NOTE 1 ORGANIZATION AND DESCRIPTION OF BUSINESS

Artisan Consumer Goods, Inc. (the “Company”) was incorporated in the State of Nevada on September 14, 2009, and its year-end is June 30. The Company’s principle executive office address is 999 N Northlake Way Ste 203, Seattle, Washington 98103-3442.

The Company had previously acquired mineral properties located in the Thunder Bay mining district, Province of Ontario, Canada but never determined whether these properties contain reserves that are economically recoverable. As of June 30, 2015, the Company ceased our exploration operations in the Thunder Bay mining district due to a lack of funds. As of September 30, 2018, the Company ceased pursuing all mining exploration.

The Company acquired the Within / Without Granola (“WWG”) brand on July 15, 2021 form Paleo Scavenger, LLC for $10,000. During June 2022, the Company restarted the manufacturing process for the Within / Without Granola products. The Company generated the first sales since inception during August 2022. The Company is currently selling the original and maple flavored granola products on Shopify. During February 2023, the inventory from the first run 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 December 31, 2023, a new manufacturer has not been engaged.

During 2023, William Drury the Company’s secretary passed away. Amber Finney the Company CEO assumed Mr. Drury’s duties.

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Company’s unaudited consolidated financial statements have been prepared on an accrual basis of accounting, in conformity with accounting principles generally accepted in the United States of America (US GAAP) for interim financial information applicable for a going concern, which assumes that the Company will realize its assets and discharge its liabilities in the ordinary course of the business, and in accordance with the instructions for Form 10-Q and Article 10 of Regulation S-X promulgated under the Securities Exchange Act of 1934, as amended. Certain information and disclosures included in the financial statements prepared in accordance with US GAAP have been condensed or omitted pursuant to such rules and regulations.

In the opinion of management, the consolidated financial statements contain all material adjustments, consisting only of normal recurring adjustments necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented.

The results for the three and six months ended December 31, 2023 are not necessarily indicative of the results of operations for the full year. These unaudited financial statements and related footnotes should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2023 filed with the Securities and Exchange Commission on October 12, 2023.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The Company provides estimates for its common stock valuations and valuation allowances for deferred taxes.

Cash Flow Reporting

The Company follows ASC 230, Statement of Cash Flows, for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method (“Indirect method”) as defined by ASC 230, Statement of Cash Flows, to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments.

Cash and Cash Equivalents

The Company considers all highly liquid debt instruments and other short-term investments with a maturity of three and six months or less, when purchased, to be cash equivalents. There were no cash equivalents as of December 31, 2023.

The Company maintains its cash balance at one financial institution that is insured by the Federal Deposit Insurance Corporation.

Inventory

Inventory is stated at the lower of cost (FIFO: first-in, first-out) or market. The cost of inventory includes the cost of raw materials and freight. During June 2022 the Company purchased its first inventory of the original and maple flavored products for $16,449. During February 2023, the inventory from the first run the Within / Without Granola products expired and the remaining inventory balance of $2,541 was written off. A new production run has not been scheduled. At December 31, 2023 and June 30, 2023, the Company’s inventory was $-0-.

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Basic Earnings (loss) per Share

The Company computes net income (loss) per share in accordance with ASC 260, Earnings per Share. ASC 260 specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock.

Basic net earnings (loss) per share amounts are computed by dividing the net earnings (loss) by the weighted average number of common shares outstanding. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company.

Share Based Compensation

The Company accounts for share-based compensation in accordance with the fair value recognition provisions of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) No. 718 and No. 505. The Company issues restricted stock to employees and consultants for their services. Cost for these transactions are measured at the fair value of the equity instruments issued at the date of grant. These shares are considered fully vested, and the fair market value is recognized as an expense in the period granted. The Company recognized consulting expenses and a corresponding increase to additional paid-in-capital related to stock issued for services. For agreements requiring future services, the consulting expense is to be recognized ratably over the requisite service period. Stock based compensation amounted to $315 and $525 for the three months ended December 31, 2023 and 2022, respectively, and $805 and $1,330 for the six months ended December 31, 2023 and 2022, respectively.

Fair Value Measurements

In September 2006, the FASB issued ASC 820 which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The provisions of ASC 820 were effective January 1, 2008.

As defined in ASC 820, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observations of those inputs. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement).

The three levels of the fair value hierarchy defined by ASC 820 are as follows:

Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, marketable securities and listed equities.

Level 2 – Pricing inputs are other than quoted prices in active markets included in level 1, which are either directly or indirectly observable as of the reported date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category generally include non-exchange-traded derivatives such as commodity swaps, interest rate swaps, options and collars.

Level 3 – Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value.

The Company did not identify any assets or liabilities that are required to be adjusted on the balance sheet to fair value in accordance with ASC 825-10 as of December 31, 2023 and June 30, 2023.

Income Taxes

The Company’s policy is to provide for deferred income taxes based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates that will be in effect when the differences are expected to reverse. The U.S. Tax Cuts and Jobs Act (TCJA) legislation reduces the U.S. federal corporate income tax rate from 35.0% to 21.0% and is effective June 22, 2018 for the Company. On January 1, 2023, the U.S. federal corporate income tax increased from 21% to 28%. We did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. When it is more likely than not that a tax asset cannot be realized through future income the Company must allow for this future tax benefit. We provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carryforwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carryforward period.

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The Company intends to file income tax returns in the U.S. federal tax jurisdiction and various state tax jurisdictions. The tax years for 2016 to 2022 remain open for examination by federal and/or state tax jurisdictions. The Company is currently not under examination by any other tax jurisdictions for any tax year.

Going Concern

These financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred a loss since inception resulting in an accumulated deficit of $19,278,649 at December 31, 2023 and further losses are anticipated in the development of its business 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.

There is no guarantee that the Company will be able to raise any capital through any type of offering.

Recently Issued Accounting Standards

There have been no new accounting pronouncements during the nine months ended December 31, 2023 that we believe would have a material impact on our financial position or results of operations.

NOTE 3 INTANGIBLE ASSETS

On July 15, 2021, the Company acquired the assets of Paleo Scavenger, LLC (Paleo) 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. WWG ceased operations in early 2021. The Company restated operation in June 2022 and reported the first sale of the granola products during August 2022.

The fair value of the Intangible assets: commercial sales channel, customer list and other intangible assets was calculated using the net present value of the projected gross profit to be generated over the next 36 months beginning on July 15, 2021 with quarterly amortization of $750. The WWG Trademark was deemed to have an indefinite life and will be evaluated for impairment on an annual basis. Amortization expense amounted to $750 and $1,500 for the three and six months ended December 31, 2023 and 2022.

NOTE 4 RELATED PARTY TRANSACTIONS

On February 1, 2015, the Company entered into a 24-month consulting agreement extension with William Drury, an Officer of the Company and WICAWIBE LLC. Prior to subsequent termination, the agreement was to expire on January 31, 2017 and the monthly fee was $15,000. On September 28, 2016, Mr. Drury resigned as President and Treasurer of the Company. On September 29, 2016, a settlement agreement between Mr. Drury and the Company was signed which provides a payment of $50,000 in cash and $50,000 in the Company’s common stock to release the Company from all possible claims of accrued salary, independent contractor fees, expense and cost owed to Mr. Drury and terminate the consulting agreement which was scheduled to expire on January 31, 2017. On October 2, 2016, Mr. Drury resigned as director and the Company accepted his resignation and ratified the settlement agreement dated September 29, 2016. The shares of the Company’s common stock are issuable to Mr. Drury in increments of 3,571 shares. During 2023, Mr. Drury passed away. The estate of Mr. Drury will continue to be issued 3,571 until the estate is able to garner $50,000 by selling the shares in the over-the-counter market or an exchange (as defined under the securities act of 1933, as amended). On October 24, 2016, the Company issued 14,286 shares of the Company’s common stock to Mr. Drury to partially settle the $50,000 common stock obligation. Those shares had a fair value of $3,200 at the date of issuance. This liability represents an unconditional obligation to issue a variable number of shares for a fixed monetary amount. The fair value of the shares issued to the estate of Mr. Drury but not yet sold are netted against the liability in the balance sheet. Subsequent adjustments to the fair value of the shares issued but not sold are recognized as an adjustment to the net liability and other income/expense until such time as the shares are sold. The estate of Mr. Drury has not sold these shares as of December 31, 2023. The Company recognized other income (expense) due to the marking of these shares to fair value subsequent to issuance and recognized $-0-for the three months ended December 31, 2023 and 2022, and $-0-and $15 for the six months ended December 31, 2023 and 2022, respectively.

Since September 2016, the Company’s President, Amber Finney, advanced the Company $184,666 as a related party loan. The proceeds for these loans were used for working capital. As of December 31, 2023 and June 30, 2023, there are related party loans totaling $184,666 and $168,666, respectively. These loans are unsecured, due on demand and carry no interest or collateral.

The officers of the Company could become involved in other business activities as they become available. This could create a conflict between the Company and the other business interests. The Company has not formulated a policy for the resolution of such a conflict should one arise.

NOTE 5 EQUITY TRANSACTIONS

As of December 31, 2023, there are 500,000,000 shares of common stock at par value of $0.001 per share authorized and 4,400,048 issued and outstanding and 25,000,000 shares of (“blank check”) preferred stock, par value $0.001 per share authorized and -0- shares issued and outstanding.

NOTE 6 SUBSEQUENT EVENTS

The Company evaluated all events or transactions that occurred after December 31, 2023 up through February 19, 2024. During this period, the Company did not have any material recognizable subsequent events.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

The following information should be read in conjunction with (i) the financial statements of Artisan Consumer Goods, Inc., a Nevada corporation (the “Company”), and the notes thereto appearing elsewhere in this Form 10-Q together with (ii) the more detailed business information and the June 30, 2023 audited financial statements and related notes included in the Company’s Form 10-K (File No. 000-54838; the “Form 10-K”), as filed with the Securities and Exchange Commission on October 12, 2023. Statements in this section and elsewhere in this Form 10-Q that are not statements of historical or current fact constitute “forward-looking” statements.

OVERVIEW

The Company was incorporated in the State of Nevada on September 14, 2009 and has established a fiscal year end of June 30.

Going Concern

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 $19,278,649 at December 31, 2023 and further losses are anticipated in the development of its business 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.

The Company plans to raise additional funds through debt or equity offerings. There is no guarantee that the Company will be able to raise any capital through this or any other offerings.

CRITICAL ACCOUNTING POLICIES

Please refer to Note 2 - Summary of Significant Accounting Policies in the accompanying Notes to the Financial Notes.

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 February 19, 2024, 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 believes that if we are successful in raising $100,000, we will be able to generate sales revenue within the following twelve months thereof. However, if such financing is not available, we could fail to satisfy our future cash requirements. We have no assurance that future financing will materialize. Management believes that if subsequent private placements are successful, we will be able to generate sales revenue within the following twelve months thereof. However, additional equity financing may not be available to us on acceptable terms or at all, and thus we could fail to satisfy our future cash requirements.

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If we are unsuccessful in raising at least $100,000 through a private placement, we will then have to seek additional funds through debt financing, which would be highly difficult for a new, development stage business to obtain. Therefore, the Company is highly dependent upon the success of an anticipated private placement offering and failure thereof would result in the Company having to seek capital from other sources such as debt financing, which may not even be available to the Company. However, if such financing were available, because we are a development stage company with little in the way of operations to date, we would likely have to pay additional costs associated with high-risk loans and be subject to an above market interest rate. If and when these funds are obtained, management would evaluate the terms of such debt financing and determine whether the business could sustain operations and growth and manage the debt load. If we cannot raise additional proceeds via a private placement of our common stock or secure debt financing, we would be required to cease business operations and as a result, investors in our common stock would lose all of their investment.

During 2023, William Drury the Company’s secretary passed away. Amber Finney the Company CEO assumed Mr. Drury’s duties.

Results of Operations for the Three months Ended December 31, 2023 and 2022

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- and $6,569 for the three months ended December 31, 2023 and 2022, respectively. The Company has generated net losses of $14,463 and $5,430 for the three months ended December 31, 2023 and 2022, respectively. The increase in net loss of $9,033 is attributable to the factors discussed below.

Revenues. We had revenues of $-0- and $6,569 for the three months ended December 31, 2023 and 2022, respectively. We had our first sales of our original and maple flavored granola products in August 2022. During February 2023, the inventory from the first run of the Within / Without Granola products expired. The Company is searching for a new manufacturer to produce smaller batches of the Within / Without Granola products. As of February 19, 2024, a new manufacturer has not been engaged.

Gross Margin. Once cost of revenue and other expenses to generate revenue are considered, we had reported gross margins of $-0- and $1,239 for the three and three months ended December 31, 2023 and 2022, respectively.

Expenses. For the three months ended December 31, 2023 and 2022, respectively, we incurred total operating expenses of $14,463 and $6,669. The increase of $7,794 was primarily attributable to an approximate $9,000 increase in professional fees for audit and accounting fees offset by an approximate $1,000 decrease in other general and administrative expenses.

Other Income (Expense). Our total other income (expense) was $-0- for the three months ended December 31, 2023 and 2022.

Results of Operations for the Six months Ended December 31, 2023 and 2022

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- and $7,434 for the six months ended December 31, 2023 and 2022, respectively. The Company has generated net losses of $20,398 and $26,342 for the six months ended December 31, 2023 and 2022, respectively. The decrease in net loss of $5,944 is attributable to the factors discussed below.

Revenues. We had revenues of $-0- and $7,434 for the six months ended December 31, 2023 and 2022, respectively. We had our first sales of our original and maple flavored granola products in August 2022. During February 2023, the inventory from the first run of the Within / Without Granola products expired. The Company is searching for a new manufacturer to produce smaller batches of the Within / Without Granola products. As of February 19, 2024, a new manufacturer has not been engaged.

Gross Margin. Once cost of revenue and other expenses to generate revenue are considered, we reported gross margins of $-0- and $1,669 for the six months ended December 31, 2023 and 2022, respectively.

Expenses. For the six months ended December 31, 2023 and 2022, respectively, we incurred total operating expenses of $20,398 and $28,026. The decrease of $7,628 was primarily attributable to an approximate $1,000 decrease in professional fees, an approximate $1,000 decrease in stock-based compensation and an approximate $6,000 decrease in other general and administrative expenses as our operations is currently on hold.

Other Income (Expense). Our total other income (expense) was $-0- and $15 for the six months ended December 31, 2023 and 2022, respectively. The decrease of $15 was attributable to a $15 decrease 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 3 – Related Party Transaction in the accompanying notes to the financial statements).

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Liquidity and Capital Resources

Our cash balance was $-0- and working capital deficit was $282,471 at December 31, 2023 compared to a cash balance of $2,067 and working capital deficit of $264,378 at June 30, 2023. Total expenditures over the next 12 months are expected to be approximately $100,000. 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 December 31, 2023, our total assets were $2,265 and were comprised of cash for $-0-, intellectual property for $1.625 (net of accumulated amortization) and trademarks for $1,000. The intellectual property and trademarks resulted from our July 15, 2021 acquisition of the Within / Without Granola brand.

As at December 31, 2023, our current liabilities of $282,471 were comprised of accounts payable of $49,548, accrued liabilities for $48,257 and related party loans of $184,666. As at December 31, 2023, our stockholders’ deficiency was $279,846.

Cash Flows from Operating Activities

We have not generated positive cash flows from operating activities. Net cash used in operations was $18,067 and $26,150 for the six months ended December 31, 2023 and 2022, respectively.

Cash Flows from Financing Activities

For the three and six months ended December 31, 2023 and 2022, net cash flows provided by financing activities was $16,000 and $21,450, respectively from cash advances from our CEO.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

As a small 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 3.

ITEM 4. CONTROLS AND PROCEDURES.

DISCLOSURE CONTROLS AND PROCEDURES

Under the supervision and with the participation of our management, our principal executive officer and our principal financial officer is responsible for conducting an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as of the end of the fiscal year covered by this report. Disclosure controls and procedures means that the material information required to be included in our Securities and Exchange Commission reports is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms relating to our company, including any consolidating subsidiaries, and was made known to us by others within those entities, particularly during the period when this report was being prepared. Based on this evaluation, our principal executive officer and principal financial officer concluded as of the evaluation date that our disclosure controls and procedures were not effective as of December 31, 2023.

There were no changes in the Company’s internal controls over financial reporting during the most recently completed fiscal quarter that have materially affected or are reasonably likely to materially affect the Company’s internal control over financial reporting.

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PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

The Company is not currently subject to any legal proceedings. From time to time, the Company may become subject to litigation or proceedings in connection with its business, as either a plaintiff or defendant. There are no such pending legal proceedings to which the Company is a party that, in the opinion of management, is likely to have a material adverse effect on the Company’s business, financial condition or results of operations.

ITEM 1A. RISK FACTORS

As a small 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.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE SAFETY DISCLOSURES.

None.

ITEM 5. OTHER INFORMATION.

None.

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ITEM 6. EXHIBITS.

(a) Exhibits required by Item 601 of Regulation SK.:

Number		Description

3.1.1		Articles of Incorporation (1)
3.1.2		Certificate of Amendment (2)
3.1.3		Certificate of Amendment (3)
3.1.4		Certificate of Amendment (4)
3.1.5		Certificate of Change (5)
3.1.6		Certificate of Amendment (6)
3.2.1		Bylaws (1)
10.1		Asset Purchase and Sale Agreement between Artisan Consumer Goods and Paleo Scavenger, LLC.
31.1		Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2		Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1		Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101*		Interactive Data File
101.INS		INLINE XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document).
101.SCH		INLINE XBRL Taxonomy Extension Schema Document
101.CAL		INLINE XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		INLINE XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		INLINE XBRL Taxonomy Extension Labels Linkbase Document
101.PRE		INLINE XBRL Taxonomy Extension Presentation Linkbase Document
104		Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101).

_________________

(1)	Incorporated by reference to the Registrant’s Form S-1 (File No. 333-176939), filed with the Commission on September 21, 2011.
(2)	Incorporated by reference to the Registrant’s Form 10-K (File No. 000-54838), filed with the Commission on October 15, 2013.
(3)	Incorporated by reference to the Registrant’s Form 10-K (File No. 000-54838), filed with the Commission on January 31, 2017.
(4)	Incorporated by reference to the Registrant’s Form 10-Q for the fiscal quarter ended September 30, 2016 (File No. 000-54838), filed with the Commission on February 1, 2017.
(5)	Incorporated by reference to the Registrant’s Form 10-K (File No. 000-54838), filed with the Commission on October 16, 2017.
(6)	Incorporated by reference to the Registrant’s Form 8-K (File No. 000-54838), filed with the Commission on May 23, 2018.

_______________

* XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	ARTISAN CONSUMER GOODS, INC.
	(Name of Registrant)

Date: February 20, 2024	By:	/s/ Amber Joy Finney
	Name:	Amber Joy Finney
	Title:	President and Chief Executive Officer (principal executive officer, principal accounting officer and principal financial officer)

nullnullnull

Cover - shares	6 Months Ended
Cover - shares	Dec. 31, 2023	Feb. 20, 2024
Cover [Abstract]
Entity Registrant Name	ARTISAN CONSUMER GOODS, INC.
Entity Central Index Key	0001530425
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Dec. 31, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Entity Common Stock Shares Outstanding		4,400,048
Entity File Number	000-54838
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	26-1240056
Entity Address Address Line 1	999 N Northlake Way Ste 203
Entity Address City Or Town	Seattle
Entity Address State Or Province	WA
Entity Address Postal Zip Code	98103-3442
City Area Code	206
Local Phone Number	517-7147
Security 12b Title	Common
Trading Symbol	ARRT
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

Balance Sheets - USD ($)	Dec. 31, 2023	Jun. 30, 2023
Current assets:
Cash	$ 0	$ 2,067
Total current assets	0	2,067
Other assets
Intellectual property (net of accumulated amortization of $7,375 and $5,875) as of December 31, 2023 and June 30, 2023, respectively	1,625	3,125
Trademarks	1,000	1,000
Total other assets	2,625	4,125
Total Assets	2,625	6,192
Current liabilities:
Accounts payable	49,548	49,522
Accrued expenses	48,257	48,257
Related party loans	184,666	168,666
Total current liabilities	282,471	266,445
Commitments and contingencies	0	0
Stockholders' deficiency:
Preferred stock, $0.001 par value; 25,000,000 shares authorized, -0- preferred stock shares issued and outstanding as of December 31, 2023 and June 30, 2023	0	0
Common stock, $0.001 par value, 500,000,000 shares authorized 4,400,048 issued and outstanding as of as of December 31, 2023 and June 30, 2023	4,400	4,400
Additional paid-in capital	18,984,200	18,984,200
Stock to be issued	10,203	9,398
Accumulated deficit	(19,278,649)	(19,258,251)
Total stockholders' deficiency	(279,846)	(260,253)
Total Liabilities and Stockholders' Deficiency	$ 2,625	$ 6,192

Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2023	Jun. 30, 2023
Balance Sheets
Intagible Assets, Accumulated Amortization	$ 7,375	$ 5,875
Stockholders' Deficiency
Preferred Stock, Shares Par Value	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	25,000,000	25,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Shares Par Value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares Issued	4,400,048	4,400,048
Common Stock, Shares Outstanding	4,400,048	4,400,048

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
Statements of Operations (Unaudited) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Statements of Operations (Unaudited)
Revenue	$ 0	$ 6,569	$ 0	$ 7,434
Cost of Revenue	0	5,330	0	5,765
Gross margin	0	1,239	0	1,669
Operating expenses:
Stock based compensation	315	525	805	1,330
Professional fees	12,691	3,598	16,391	17,131
General and administrative expenses	707	1,796	1,702	8,065
Amortization expense	750	750	1,500	1,500
Total operating expenses	14,463	6,669	20,398	28,026
Net operating income (loss)	(14,463)	(5,430)	(20,398)	(26,357)
Other income (expense):
Other income	0	0	0	15
Total Other income (expense)	0	0	0	15
Net income (loss)	$ (14,463)	$ (5,430)	$ (20,398)	$ (26,342)
Basic and diluted income (loss) per share	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.01)
Weighted average number of common shares outstanding - basic and diluted	4,400,048	4,400,048	4,400,048	4,400,048

Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Common StockTo Be Issued	Accumulated Deficit
Balance, shares at Jun. 30, 2022			4,400,048
Balance, amount at Jun. 30, 2022	$ (219,283)	$ 0	$ 4,400	$ 18,984,200	$ 7,543	$ (19,215,426)
Stock based compensation	1,330				1,330
Net loss	(26,342)					(26,342)
Balance, shares at Dec. 31, 2022			4,400,048
Balance, amount at Dec. 31, 2022	(244,295)	0	$ 4,400	18,984,200	8,873	(19,241,768)
Balance, shares at Sep. 30, 2022			4,400,048
Balance, amount at Sep. 30, 2022	(239,390)	0	$ 4,400	18,984,200	8,348	(19,236,338)
Stock based compensation	525				525
Net loss	(5,430)					(5,430)
Balance, shares at Dec. 31, 2022			4,400,048
Balance, amount at Dec. 31, 2022	(244,295)	0	$ 4,400	18,984,200	8,873	(19,241,768)
Balance, shares at Jun. 30, 2023			4,400,048
Balance, amount at Jun. 30, 2023	(260,253)	0	$ 4,400	18,984,200	9,398	(19,258,251)
Stock based compensation	805				805
Net loss	(20,398)					(20,398)
Balance, shares at Dec. 31, 2023			4,400,048
Balance, amount at Dec. 31, 2023	(279,846)	0	$ 4,400	18,984,200	10,203	(19,278,649)
Balance, shares at Sep. 30, 2023			4,400,048
Balance, amount at Sep. 30, 2023	(265,698)	0	$ 4,400	18,984,200	9,888	(19,264,186)
Stock based compensation	315				315
Net loss	(14,463)					(14,463)
Balance, shares at Dec. 31, 2023			4,400,048
Balance, amount at Dec. 31, 2023	$ (279,846)	$ 0	$ 4,400	$ 18,984,200	$ 10,203	$ (19,278,649)

Statements of Cash Flow (Unaudited) - USD ($)	6 Months Ended
Statements of Cash Flow (Unaudited) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net income (loss)	$ (20,398)	$ (26,342)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization expense	1,500	1,500
Stock based compensation	805	1,330
Fair value adjustment for shares issued from settlement agreement (Note 3)	0	(15)
Changes in operating assets and liabilities:
Accounts receivable	0	(848)
Inventory	0	5,683
Accounts payable	26	(7,458)
Net cash used in operating activities	(18,067)	(26,150)
Cash flows from financing activities
Proceeds from related party advances	16,000	21,450
Net cash provided by financing activities	16,000	21,450
Net increase (decrease) in cash	(2,067)	(4,700)
Cash - beginning of the year	2,067	13,555
Cash - end of the quarter	0	8,855
Supplemental disclosures:
Interest paid	0	0
Income taxes	$ 0	$ 0

ORGANIZATION AND DESCRIPTION OF BUSINESS

6 Months Ended

Dec. 31, 2023

ORGANIZATION AND DESCRIPTION OF BUSINESS

ORGANIZATION AND DESCRIPTION OF BUSINESS

NOTE 1 ORGANIZATION AND DESCRIPTION OF BUSINESS

During 2023, William Drury the Company’s secretary passed away. Amber Finney the Company CEO assumed Mr. Drury’s duties.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Dec. 31, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Use of Estimates

Cash Flow Reporting

Cash and Cash Equivalents

The Company maintains its cash balance at one financial institution that is insured by the Federal Deposit Insurance Corporation.

Inventory

Basic Earnings (loss) per Share

Share Based Compensation

Fair Value Measurements

The three levels of the fair value hierarchy defined by ASC 820 are as follows:

The Company did not identify any assets or liabilities that are required to be adjusted on the balance sheet to fair value in accordance with ASC 825-10 as of December 31, 2023 and June 30, 2023.

Income Taxes

Going Concern

There is no guarantee that the Company will be able to raise any capital through any type of offering.

Recently Issued Accounting Standards

There have been no new accounting pronouncements during the nine months ended December 31, 2023 that we believe would have a material impact on our financial position or results of operations.

INTANGIBLE ASSETS

6 Months Ended

Dec. 31, 2023

INTANGIBLE ASSETS

INTANGIBLE ASSETS

NOTE 3 INTANGIBLE ASSETS

RELATED PARTY TRANSACTIONS

6 Months Ended

Dec. 31, 2023

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 4 RELATED PARTY TRANSACTIONS

EQUITY TRANSACTIONS

6 Months Ended

Dec. 31, 2023

EQUITY TRANSACTIONS

EQUITY TRANSACTIONS

NOTE 5 EQUITY TRANSACTIONS

SUBSEQUENT EVENTS

6 Months Ended

Dec. 31, 2023

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 6 SUBSEQUENT EVENTS

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Dec. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	The Company’s unaudited consolidated financial statements have been prepared on an accrual basis of accounting, in conformity with accounting principles generally accepted in the United States of America (US GAAP) for interim financial information applicable for a going concern, which assumes that the Company will realize its assets and discharge its liabilities in the ordinary course of the business, and in accordance with the instructions for Form 10-Q and Article 10 of Regulation S-X promulgated under the Securities Exchange Act of 1934, as amended. Certain information and disclosures included in the financial statements prepared in accordance with US GAAP have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the consolidated financial statements contain all material adjustments, consisting only of normal recurring adjustments necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented. The results for the three and six months ended December 31, 2023 are not necessarily indicative of the results of operations for the full year. These unaudited financial statements and related footnotes should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2023 filed with the Securities and Exchange Commission on October 12, 2023.
Use of Estimates	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The Company provides estimates for its common stock valuations and valuation allowances for deferred taxes.
Cash Flow Reporting	The Company follows ASC 230, Statement of Cash Flows, for cash flows reporting, classifies cash receipts and payments according to whether they stem from operating, investing, or financing activities and provides definitions of each category, and uses the indirect or reconciliation method (“Indirect method”) as defined by ASC 230, Statement of Cash Flows, to report net cash flow from operating activities by adjusting net income to reconcile it to net cash flow from operating activities by removing the effects of (a) all deferrals of past operating cash receipts and payments and all accruals of expected future operating cash receipts and payments and (b) all items that are included in net income that do not affect operating cash receipts and payments.
Cash and Cash Equivalents	The Company considers all highly liquid debt instruments and other short-term investments with a maturity of three and six months or less, when purchased, to be cash equivalents. There were no cash equivalents as of December 31, 2023. The Company maintains its cash balance at one financial institution that is insured by the Federal Deposit Insurance Corporation.
Inventory	Inventory is stated at the lower of cost (FIFO: first-in, first-out) or market. The cost of inventory includes the cost of raw materials and freight. During June 2022 the Company purchased its first inventory of the original and maple flavored products for $16,449. During February 2023, the inventory from the first run the Within / Without Granola products expired and the remaining inventory balance of $2,541 was written off. A new production run has not been scheduled. At December 31, 2023 and June 30, 2023, the Company’s inventory was $-0-.
Basic Earnings (loss) per Share	The Company computes net income (loss) per share in accordance with ASC 260, Earnings per Share. ASC 260 specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock. Basic net earnings (loss) per share amounts are computed by dividing the net earnings (loss) by the weighted average number of common shares outstanding. Diluted earnings (loss) per share are the same as basic earnings (loss) per share due to the lack of dilutive items in the Company.
Share Based Compensation	The Company accounts for share-based compensation in accordance with the fair value recognition provisions of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) No. 718 and No. 505. The Company issues restricted stock to employees and consultants for their services. Cost for these transactions are measured at the fair value of the equity instruments issued at the date of grant. These shares are considered fully vested, and the fair market value is recognized as an expense in the period granted. The Company recognized consulting expenses and a corresponding increase to additional paid-in-capital related to stock issued for services. For agreements requiring future services, the consulting expense is to be recognized ratably over the requisite service period. Stock based compensation amounted to $315 and $525 for the three months ended December 31, 2023 and 2022, respectively, and $805 and $1,330 for the six months ended December 31, 2023 and 2022, respectively.
Fair Value Measurements	In September 2006, the FASB issued ASC 820 which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The provisions of ASC 820 were effective January 1, 2008. As defined in ASC 820, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observations of those inputs. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement). The three levels of the fair value hierarchy defined by ASC 820 are as follows: Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, marketable securities and listed equities. Level 2 – Pricing inputs are other than quoted prices in active markets included in level 1, which are either directly or indirectly observable as of the reported date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category generally include non-exchange-traded derivatives such as commodity swaps, interest rate swaps, options and collars. Level 3 – Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. The Company did not identify any assets or liabilities that are required to be adjusted on the balance sheet to fair value in accordance with ASC 825-10 as of December 31, 2023 and June 30, 2023.
Income Taxes	The Company’s policy is to provide for deferred income taxes based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates that will be in effect when the differences are expected to reverse. The U.S. Tax Cuts and Jobs Act (TCJA) legislation reduces the U.S. federal corporate income tax rate from 35.0% to 21.0% and is effective June 22, 2018 for the Company. On January 1, 2023, the U.S. federal corporate income tax increased from 21% to 28%. We did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. When it is more likely than not that a tax asset cannot be realized through future income the Company must allow for this future tax benefit. We provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carryforwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carryforward period. The Company intends to file income tax returns in the U.S. federal tax jurisdiction and various state tax jurisdictions. The tax years for 2016 to 2022 remain open for examination by federal and/or state tax jurisdictions. The Company is currently not under examination by any other tax jurisdictions for any tax year.
Going Concern	These financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred a loss since inception resulting in an accumulated deficit of $19,278,649 at December 31, 2023 and further losses are anticipated in the development of its business 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. There is no guarantee that the Company will be able to raise any capital through any type of offering.
Recently Issued Accounting Standards	There have been no new accounting pronouncements during the nine months ended December 31, 2023 that we believe would have a material impact on our financial position or results of operations.

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative)	Jul. 15, 2021 USD ($)
WWG [Member]
Brand Acquisition, Purchase Price	$ 10,000

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative ) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2023	Feb. 28, 2023
Stock based compensation		$ 315	$ 525	$ 805	$ 1,330
Wrote off inventory	$ 16,449
Inventory		0		0		$ 0	$ 2,541
Accumulated deficit		$ (19,278,649)		$ (19,278,649)		$ (19,258,251)
Maximum
Income tax rate percentage				28.00%
Maximum \| TCJA [Member]
Income tax rate percentage				35.00%
Minimum
Income tax rate percentage				21.00%
Minimum \| TCJA [Member]
Income tax rate percentage				21.00%

INTANGIBLE ASSETS (Details Narrative) - USD ($)		3 Months Ended		6 Months Ended
INTANGIBLE ASSETS (Details Narrative) - USD ($)	Jul. 15, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Amortization expense		$ 750	$ 750	$ 1,500	$ 1,500
WWG [Member]
Brand Acquision, Purchase Price	$ 10,000
Amortization of intangible assets, Quartely	$ 750

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)		1 Months Ended		3 Months Ended		6 Months Ended
	Oct. 02, 2016	Sep. 30, 2016	Feb. 01, 2015	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Oct. 24, 2016	Sep. 29, 2016
Related party loan				$ 184,666		$ 184,666		$ 168,666		$ 184,666
Other income (expense)				$ 0	$ 0	$ 0	$ 15
Mr. Drury [Member]
Consulting agreement term			24 months
Payment in cash		$ 50,000
Common Stock Issued to related party									14,286
Agreement expiry date			Jan. 31, 2017
Monthly agreement fee			$ 15,000
Increments of shares	3,571					3,571
Common stock related party										$ 50,000
Settlement common stock obligation									$ 50,000
Fair value issuance									$ 3,200
Selling shares to garner	$ 50,000

EQUITY TRANSACTIONS (Details Narrative) - $ / shares	Dec. 31, 2023	Jun. 30, 2023
EQUITY TRANSACTIONS
Preferred Stock, Authorized	25,000,000	25,000,000
Preferred Stock, Par Value	$ 0.001	$ 0.001
Preferred Stock, Issued	0	0
Preferred Stock, Outstanding	0	0
Common Stock, Authorized	500,000,000	500,000,000
Common Stock, Par Value	$ 0.001	$ 0.001
Common Stock, Issued	4,400,048	4,400,048
Common Stock, Outstanding	4,400,048	4,400,048

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ARRT Artisan Consumer Goods Inc (PK)