10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

 (Mark One)

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

FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2015

OR

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

FOR THE TRANSITION PERIOD FROM __________ TO __________.

COMMISSION FILE NUMBER  333-143512

FIRMA HOLDINGS CORP.

(Exact Name of Registrant as Specified in its Charter)

Nevada	20-5000381
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)
181 N. Arroyo Grande Blvd. Ste. 140B
Henderson, NV	89074
(Address of principal executive offices)	(Zip code)
(888) 901-4550
(Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (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 þ    No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted 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 and post such files).  Yes  þ    No o

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.

Large accelerated filer o	Accelerated filer o
Non-accelerated filer o	Smaller reporting company þ

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

As of August 19, 2015, the Company had 119,320,696 outstanding shares of common stock.

1

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION	Page
Item 1.  Condensed Consolidated Financial Statements	3
Item 2.  Management's Discussion and Analysis of Financial Condition and Results of Operations	19
Item 3.  Quantitative and Qualitative Disclosures about Marketing Risk	24
Item 4.  Controls and Procedures	24
PART II - OTHER INFORMATION
Item 1.  Legal Proceedings	25
Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds	25
Item 3.  Defaults Upon Senior Securities	25
Item 4.  Mine Safety Disclosures	25
Item 5.  Other Information	25
Item 6.  Exhibits	25
SIGNATURES	26

2

PART I - FINANCIAL INFORMATION

ITEM 1.     CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FIRMA HOLDINGS CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF JUNE 30, 2015 AND FOR

THE THREE AND SIX MONTHS ENDED JUNE 30, 2015 AND 2014

3

FIRMA HOLDINGS CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

	June 30, 2015			December 31, 2014
	(Unaudited)
Assets
Current assets:
Cash	$	294,391		$	738,610
Accounts receivable		459,385			-
Other receivables, net		648,906			20,446
Note receivable		647,652			594,485
Prepaid assets		317,347			134,666
Assets held for disposal, net		-			450,000
Due from related parties		103,644			104,868
Inventory		460,917			88,559
Other current assets		21,844			19,477
Total current assets		2,954,086			2,151,111
Property, plant, equipment, mine development and land, net		8,867,452			6,107,441
Intellectual property		2,745,229			2,745,229
Goodwill		1,660,730			-
Other assets		25,582			-
Total assets	$	16,253,079		$	11,003,781
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued expenses	$	3,079,037		$	1,680,408
Notes payable, current portion		4,214,459			2,123,100
Convertible notes payable, net		260,000			260,000
Total current liabilities		7,553,496			4,063,508
Notes payable, non-current portion		2,301,189			1,910,495
Total liabilities		9,854,685			5,974,003
Stockholders’ equity:
Common stock: $0.001 par value; authorized 200,000,000 shares; issued and outstanding 119,320,696 and 94,032,340 shares		119,321			94,032
Additional paid-in capital		44,473,407			40,984,888
Common stock payable		1			667,671
Accumulated deficit		(41,325,057)			(45,760,739	)
Accumulated other comprehensive income		(46,400	)		153,923
Total Firma Holdings stockholders’ equity		3,221,272			(3,860,225	)
Non-controlling interest		3,177,122			8,890,003
Total stockholders’ equity		6,398,394			5,029,778
Total liabilities and stockholders’ equity	$	16,253,079		$	11,003,781

See accompanying notes to these Condensed Consolidated Financial Statements.

4

FIRMA HOLDINGS CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

(UNAUDITED)

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2015			2014			2015			2014
Net sales and revenues	$	243,064		$	-		$	243,064		$	105,316
Cost of products sold		319,713			-			319,713			-
Gross margin (deficit)		(76,649	)		-			(76,649	)		105,316
Exploration expenses		3,928			312,468			4,625			475,861
Sales, general and administrative expenses		929,455			637,162			1,663,183			1,190,422
Net operating loss		(1,010,032	)		(949,630	)		(1,744,457	)		(1,560,967	)
Non-operating (loss) income:
Interest income		39,575			12,588			78,133			25,042
Interest expense		(24,599	)		(60,338	)		(37,104	)		(186,681	)
Gain on debt due to extinguishment		-			-			148,115			5,000
Gain (loss) on disposal or sale of assets		4,078			3,882			4,078			(50,676	)
Other income		383			99			1,557			11,860
Total non-operating income (loss)		19,437			(43,769	)		194,779			(195,455	)
Loss before income taxes		(990,595	)		(993,399	)		(1,549,678	)		(1,756,422	)
Income tax provision		-			-			-			-
Loss before discontinued operations		(990,595	)		(993,399	)		(1,549,678	)		(1,756,422	)
Gain on discontinued operations of Tara Gold Resources Corp., (including loss on disposal of $19,971), net of tax		-			-			5,978,575			-
Net income (loss)		(990,595	)		(993,399	)		4,428,897			(1,756,422	)
Net loss attributable to non-controlling interest		243			239			6,785			4,902
Net income (loss) attributable to Firma Holdings’ shareholders		(990,352	)		(993,160	)		4,435,682			(1,751,520	)
Other comprehensive loss:
Foreign currency translation loss		(69,400	)		(11,427	)		(20,148	)		(15,153	)
Unrealized loss on fair value of stock		-			-			(180,175	)		-
Total comprehensive income (loss)	$	(1,059,752	)	$	(1,004,587	)	$	4,235,359		$	(1,766,673	)
Loss before discontinued operations, basic	$	(0.01	)	$	(0.01	)	$	(0.02	)	$	(0.02	)
Discontinued operations per share, basic	$	(0.00	)	$	(0.00	)	$	0.06		$	(0.00	)
Net income (loss) per share, basic	$	(0.01	)	$	(0.01	)	$	0.04		$	(0.02	)
Weighted average number of shares, basic		100,845,696			81,545,798			99,038,839			81,315,318
Loss before discontinued operations, diluted	$	(0.01	)	$	(0.01	)	$	(0.01	)	$	(0.02	)
Discontinued operations per share, diluted	$	(0.00	)	$	(0.00	)	$	0.05		$	(0.00	)
Net income (loss) per share, diluted	$	(0.01	)	$	(0.01	)	$	0.04		$	(0.02	)
Weighted average number of shares, diluted		100,845,696			81,545,798			109,488,844			81,315,318

See accompanying notes to these Condensed Consolidated Financial Statements.

5

FIRMA HOLDINGS CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

	For the Six Months Ended June 30,
	2015			2014
Cash flows from operating activities:
Net income (loss) attributable to Firma Holdings’ shareholders	$	4,435,682		$	(1,751,520	)
Adjustments to reconcile net income (loss) to net cash:
Depreciation and amortization		125,312			146,835
Allowance for doubtful accounts		(123,993	)		51,968
Stock based compensation		56,136			59,645
Non-controlling interest in net income (loss) of consolidated subsidiaries		(6,785	)		(4,902	)
Accretion of beneficial conversion feature and debt discount		-			160,767
Gain on debt due to extinguishment		(148,115	)		(5,000	)
Other		(4,078	)		50,705
Discontinued operations		(5,978,575	)		-
Changes in current operating assets and liabilities:
Accounts receivables		(84,831	)		-
Other receivables, net		(54,467	)		(23,029	)
Prepaid expenses		(199,302	)		6,925
Inventory		(109,345	)		-
Note receivable, current		(53,168	)		-
Other assets		(8,520	)		(108	)
Accounts payable and accrued expenses		(237,003	)		666,076
Net cash used in operating activities		(2,391,052	)		(641,638	)
Cash flows from investing activities:
Cash included in acquisition of Sicilian Sun Ltd., LLC and subsidiary		2,189			-
Acquisition of intellectual property		-			(547,412	)
Net cash provided by (used in) investing activities		2,189			(547,412	)
Cash flows from financing activities:
Proceeds from common stock sales		1,190,000			1,295,102
Proceeds from notes payable		850,000			110,000
Payments towards notes payable		(76,431	)		(32,561	)
Change in due to/from related parties, net		1,223			(113,180	)
Net cash provided by financing activities		1,964,792			1,259,361
Effect of exchange rate changes on cash		(20,148	)		(15,153	)
Net (decrease) increase in cash		(444,219	)		55,158
Beginning of period cash balance		738,610			76,758
End of period cash balance	$	294,391		$	131,916
Supplemental Information:
Interest paid	$	1,605		$	3,172
Income taxes paid	$	-		$	-
Non-cash Investing and Financing Transactions:
Beneficial conversion value for convertible debt and financial instruments	$	-		$	94,850
Reclassification of asset held for sale to other receivables	$	450,000		$	-
Reclassification of prepaid to deposit for acquisition	$	19,428		$	-
Acquisition of Sicilian Sun Limited, LLC and subsidiary with common stock	$	1,600,000		$	-
Acquisition of intellectual property through debt and options	$	-		$	2,186,529
Other	$	-		$	47,466

See accompanying notes to these Condensed Consolidated Financial Statements.

6

FIRMA HOLDINGS CORP. AND SUBSIDIARIES

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

Note 1. Nature of Business and Significant Accounting Policies

Nature of business and principles of consolidation:

The accompanying Condensed Consolidated Financial Statements of Firma Holdings Corp. (“Firma Holdings” or the “Company”) should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. Significant accounting policies disclosed therein have not changed, except as noted below.

Firma Holdings, incorporated in Nevada on May 12, 2006, formerly a subsidiary of Tara Gold Resources Corp. (“Tara Gold”), consists of three business segments: mining, packaging technology and food manufacturing.

Our mining business segment explores and develops mining properties which may be productive of gold, silver, copper, lead, zinc, iron, industrial metals, and other associated metals.  This segment is in the exploration stage.

Tara Gold, which historically engaged in the exploration and development of mining properties in Mexico, divested its ownership in Firma Holdings in February 2015 by distributing out its ownership in Firma Holdings to its shareholders.

In 2006 Tara Gold, formed Firma Holdings when it determined that some investors, prefer lead, zinc and silver projects, rather than gold and silver projects, and that capital may be easier to obtain by separating gold properties from industrial metal properties. Although this was Tara Gold’s intention when it formed Firma Holdings, Firma Holdings nevertheless has interests in properties which may be productive of gold or silver.  Firma Holdings formed Adit Resources Corp. (“Adit”) in 2009 to hold the Picacho Groupings and to finance the exploration and development of the Picacho Groupings solely from the sale of Adit’s securities. Adit in turns owns 99.99% of American Copper Mining, S.A. de C.V. (“ACM”). Firma Holdings owns 99.9% of the common stock of American Metal Mining S.A. de C.V. (“AMM”), a Mexican corporation and 87% of the common stock of Adit. Firma Holdings’ operations in Mexico are conducted through AMM and ACM, since Mexican law provides that only Mexican corporations are allowed to own mining properties.

Our technology business segment owns the “SmartPac” technology.  Purchased in May 2014, this technology can be used for the preservation and protection of fresh fruit, vegetables and flowers during extended periods of shipping and storage. The technology is comprised of patents, trademarks and other intellectual property pertaining to systems and methods for packaging bulk quantities of fresh produce and flowers incorporating modified atmosphere packaging.

Our food manufacturing business segment consists of the 2015 acquisition of Sicilian Sun Limited, LLC (“SSL”), and it’s wholly owned Italian subsidiary, Sicilian Sun Foods s.r.l. (“SSF”), and two production facilities located in Alcamo and Catania on the island of Sicily.  This business segment specializes in the manufacturing of three product categories: baked goods, frozen desserts, and semi-finished products made from natural ingredients. These products include assorted pastries, ricotta cannoli, as well as cakes, breads, rice balls, croissants, and a variety of other frozen and packaged items. Frozen desserts include gelato, tartufi, mousse, sorbets Italian ices and other frozen treats. Many of the products use proprietary formulas.

The consolidated financial statements include the accounts of the Company and its subsidiaries.  Variable interest entities (“VIE”) over which control is achieved through means other than voting rights and where the Company is considered the primary beneficiary are included in our consolidated financial statements in those periods in which this applies.  When the Company is the primary beneficiary of the VIE, the Company consolidates the entity if control is achieved through means other than voting rights such as control of the Board, certain treasury activities, certain capital structures and contractual relationships.  Effective February 2015, the Company no longer considered Tara Gold a VIE as defined above and has presented transactions related to Tara Gold as discontinued operations in these financial statements.  At June 30, 2014 (the comparable prior period for the statement of operations) the Company had no joint ventures or VIEs.

The accompanying condensed consolidated financial statements and the related footnote information are unaudited.  In the opinion of management, they include all normal recurring adjustments necessary for a fair presentation of the condensed consolidated balance sheets of the Company as of June 30, 2015 and December 31, 2014, the condensed consolidated results of its operations for the three and six months ended June 30 2015 and 2014, and cash flows for the six months ended June 30, 2015 and 2014. Results of operations reported for interim periods are not necessarily indicative of results for the entire year.

The condensed consolidated financial statements include the financial statements of the Company and its subsidiaries. All amounts are in U.S. dollars unless otherwise indicated. All significant inter-company balances and transactions have been eliminated in consolidation.

7

The reporting currency of the Company, Adit and SSL is the U.S. dollar.  The functional currency of AMM and ACM is the Mexican Peso and the functional currency of SSF is the Euro. As a result, the financial statements of these subsidiaries have been re-measured from Mexican pesos or the Euro into U.S. dollars using (i) current exchange rates for monetary asset and liability accounts, (ii) historical exchange rates for non-monetary asset and liability accounts, (iii) historical exchange rates for revenues and expenses associated with non-monetary assets and liabilities, and (iv) the weighted average exchange rate of the reporting period for all other revenues and expenses. In addition, foreign currency transaction gains and losses resulting from U.S. dollar denominated transactions are eliminated. The resulting re-measurement gain (loss) is recorded to other comprehensive gain (loss).

Current and historical exchange rates are not indicative of what future exchange rates will be and should not be construed as such.

Relevant exchange rates used in the preparation of the financial statements for AMM, ACM and SSF are as follows for the six months ended June 30, 2015 and 2014.  Mexican pesos per one U.S. dollar or the U.S. dollar per one Euro :

	June 30, 2015 (unaudited)
Current exchange rate	Ps.	15.6599	EU	1.1094
Weighted average exchange rate for the six months ended	Ps.	14.7990	EU	1.1026

	June 30, 2014 (unaudited)
Current exchange rate	Ps.	13.0002
Weighted average exchange rate for the six months ended	Ps.	13.1171

The Company’s significant accounting policies are:

Reclassifications

Certain reclassifications, which have no effect on net loss, have been made in the prior period financial statements to conform to the current year presentation.  Specifically inventory has been stated apart from other current assets.

Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management routinely makes judgments on historical experience and various other factors that are believed to be reasonable under the circumstances. Actual results could differ from those estimates.

Recoverable Value-Added Taxes (IVA) and Allowance for Doubtful Accounts

Impuesto al Valor Agregado taxes (IVA) are recoverable value-added taxes charged by the Mexican government on goods sold and services rendered at a rate of 16%.  Under certain circumstances, these taxes are recoverable by filing a tax return and as determined by the Mexican taxing authority. Our allowance in association with our receivable from IVA from our Mexico subsidiary is based on our determination that the Mexican government may not allow the complete refund of these taxes.

Each period, receivables are reviewed for collectability.  When a receivable has doubtful collectability we allow for the receivable until we are either assured of collection (and reverse the allowance) or assured that a write-off is necessary.

	June 30, 2015		December 31, 2014
	(Unaudited)
Allowance – recoverable value-added taxes	$	1,353,509	$	1,436,115
Allowance – other receivables		385,468		426,853
Total	$	1,738,977	$	1,862,968

Bad debt (recovery) expense was $4,713 and $51,968 at June 30, 2015 and 2014, respectively.

AMM received refunds of $2,729 and $40,489 for IVA taxes as of June 30, 2015 and 2014, respectively.

8

Inventories

Inventories are stated at the lower of cost, determined on a first-in, first-out basis (“FIFO”), or market, including direct material costs and direct and indirect manufacturing costs. 

Revenue Recognition

Revenue for products is recognized when the sales amount is determined, shipment of goods to the customer has occurred and collection is reasonably assured.

Fair Value Accounting

As required by the Fair Value Measurements and Disclosures Topic of the FASB ASC, fair value is measured based on a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

The three levels of the fair value hierarchy are described below:

Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

Level 2 Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability;

Level 3 Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

Recently Adopted and Recently Issued Accounting Guidance

Adopted

In January 2015, the FASB issued ASU 2015-01, “Income Statement – Extraordinary and Unusual Items (Subtopic 225-20),” which eliminates the concept of extraordinary items. The new guidance is effective for fiscal years and interim periods within those years beginning after December 15, 2015. The new guidance is to be applied prospectively but may also be applied retrospectively to all prior periods presented in the financial statements. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company has elected to early adopt the provisions of ASU 2015-01 for these interim financial statements.

Recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the American Institute of Certified Public Accountants, and the SEC, did not, or are not believed by management to, have a material impact on the Company's present or future financial position, results of operations or cash flows.

Note 2. Inventory

	June 30, 2015		December 31, 2014
	(Unaudited)
Raw materials and packaging	$	283,033	$	-
Finished foods		85,470		-
SSF inventory		368,503		-
Component inventory parts for SmartPacTM		92,414		88,559
	$	460,917	$	88,559

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Note 3. Property, Plant, Equipment, Mine development and Land, net

	June 30, 2015			December 31, 2014
	(Unaudited)
Land	$	19,590		$	19,590
Mining concessions:
Pilar (a)		710,172			710,172
Don Roman		521,739			521,739
Las Nuvias		100,000			100,000
Centenario		635,571			635,571
La Palma		80,000			80,000
La Verde		60,000			60,000
Picacho Groupings		1,571,093			1,571,093
Mining concessions		3,678,575			3,678,575
Property, plant and equipment		6,517,597			3,620,151
		10,215,762			7,318,316
Less – accumulated depreciation		(1,348,310	)		(1,210,875	)
	$	8,867,452		$	6,107,441

Pilar, Don Roman, Las Nuvias, Centenario, La Palma and La Verde properties are located in Mexico and are known as the Don Roman Groupings.

The Picacho and Picacho Fractions are located in Mexico and are known as the Picacho Groupings.

All properties listed above are paid for in full except the following:

a. In January 2007, the Company acquired the Pilar de Mocoribo Prospect (“Pilar”) from Tara Gold’s former subsidiary Corporacion Amermin S.A. de C.V. for $739,130 plus $115,737 of value-added tax (as amended).  The Company owes $535,658 for this mining concession (including the applicable value-added tax).

In accordance with the Interest Topic of FASB ASC, the future payments of the total payment amount of $739,130 have been discounted using the incremental borrowing rate of 5.01%. As of June 30, 2015, the present value of future payments is as follows:

	Debt			IVA		Total
Total remaining debt	$	486,739		$	77,878	$	564,617
Imputed interest		(28,959	)		-		(28,959	)
Present value of debt	$	457,780		$	77,878	$	535,658

In addition to the Company’s mining concessions and the Don Roman Plant, with the acquisition of Sicilian Sun Foods Ltd., LLC and its subsidiary the Company also acquired approximately $2,900,000 of fixed assets consisting of plant equipment, furniture and fixtures, and leasehold improvements to the plants in Italy.

Note 4. Assets Held for Disposal, net

In February 2015, the Company sold all concessions in the Dixie Mining District for $450,000 plus the assumption of certain payables related to business conducted in Idaho.  As such, the property was reclassified from assets held for sale to other receivables.

Note 5. Note Receivable, current

In July 2014, the Company entered into a note receivable with a third party in the packaging technology business segment, where the Company funded a total of $530,500 over several separate fundings July – November 2014.  The note bears stated interest of 20% per annum (360 day year).  The maturity date of the loan was 60th day next following the Company’s funding of the loan.  The Company extended the maturity date to December 31, 2015 without additional penalty, but will continue to accrue interest in accordance with the stated rate of 20%.  Interest accrued as of June 30, 2015 was $97,142.

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Note 6. Notes Payable and Convertible Notes Payable, net

The following table represents the outstanding balance of notes payable.

	June 30, 2015			December 31, 2014
	(Unaudited)
Mining concession (see Note 3)	$	709,623		$	709,623
Notes payable		2,831,653			306,381
Auto loans		-			11,219
Note payable to Corporacion Amermin S.A. de C.V. (“Amermin”)		1,175,122			1,175,122
FreshTec required payments		1,799,250			1,831,250
Convertible notes payable		260,000			260,000
		6,775,648			4,293,595
Less – current portion		(4,214,459	) )		(2,123,100	)
Less – current portion convertible notes payable		(260,000	)		(260,000	)
Total – non-current portion	$	2,301,189		$	1,910,495

Material changes to the Company’s consolidated notes payable are discussed below:

With the purchase of the SmartPacTM technology, the Company agreed to pay $1,000,000 for rights to the United States, Mexico and Canada and $1,000,000 for the right to the European Union.  These amounts, as amended are due December 2015, early payments are not prohibited.

In association with the acquisition of Sicilian Sun Foods Ltd., LLC and its subsidiary the Company also assumed approximately $1,453,000 in debt due over various times between June 30, 2016 through June 30, 2018.

On May 18, 2015 the Company, through SSL, raised $750,000 through three promissory notes.  The notes are due in September 2015 and can be extended to November 2015 at the option of the Company.  The notes bear interest of 10% per year.

On June 25, 2015, the Company raised $100,000 in short term debt that is due on demand and contains no interest.

During the year ended December 31, 2013 the Company raised $150,000 through the sale of a convertible note. The note was due in February 2014, extended to July 2014 and again extended until July 2015; bears interest of 16% per year and can be converted to the Company’s stock at $0.10 per share. The beneficial conversion feature of the note payable was determined to be $120,000 which has been fully accreted to interest expense. Accrued interest expense related to the convertible note was $38,000 as of June 30, 2015.

During 2014 the Company raised $60,000 through the sale of a convertible note. The note was due in May 2014, extended to July 2014 and again extended until July 2015, and can be converted to the Company’s stock at $0.10 per share.  The beneficial conversion feature of the note payable was determined to be $60,000 which has been fully accreted to interest expense. Accrued interest expense related to the convertible note was $17,000 as of June 30, 2015.

During 2014 the Company raised $50,000 through the sale of a convertible note. The note was due in July 2014 but extended to July 2015, and can be converted to the Company’s stock at $0.10 per share.  The beneficial conversion feature of the note payable was determined to be $34,850 which has been fully accreted to interest expense. Accrued interest expense related to the convertible note was $15,000 as of June 30, 2015.

The remaining notes payable either have not changed during the period ending June 30, 2015.

11

The five year maturity schedule for notes payable and convertible notes payable, net is presented below:

	2016		2017		2018		2019		2020		Thereafter		Total
Mining concessions	$	174,000	$	-	$	-	$	-	$	-	$	535,623	$	709,623
Note payables		2,241,209		213,080		377,364		-		-		-		2,831,653
Note payable to Corporacion Amermin S.A. de C.V. (“Amermin”)		-		-		-		-		-		1,175,122		1,175,122
FreshTec required payments		1,799,250		-		-		-		-		-		1,799,250
Convertible note payable, net		260,000		-		-		-		-		-		260,000
Total	$	4,474,459	$	213,080	$	377,364	$	-	$	-	$	1,710,745	$	6,775,648

Note 7. Related Party Transactions

	June 30, 2015		December 31, 2014
	(Unaudited)
Due from related parties	$	103,644		$	104,868

All transactions with related parties have occurred in the normal course of operations. These transactions are primarily in Mexico and are measured at the appropriate foreign exchange amount.

As disclosed with the purchase agreement, which was filed with both the Company’s 2014 Form 10-K and March 31, 2015 Form 10-Q, our CEO Francis R. Biscan, Jr. is a major investor in SSL and as such the SSL transaction has elements of a related party transaction.

The following are intercompany transactions that eliminate during the consolidation of these financial statements:

During 2013, Firma Holdings issued Adit six promissory notes for $4,286,663. During 2014, Firma Holdings issued Adit one promissory note for $610,000. As of December 31, 2014, all notes were accumulated into one promissory note; the note is unsecured, bears interest at U.S. prime rate plus 3.25% per year and is due and payable December 31, 2015. As of June 30, 2015 Firma Holdings owed Adit $5,809,853 in interest and principal.  This intercompany transaction has been eliminated in consolidation.

Note 8. Stockholders’ Equity

December 2014 – January 2015, the Company sold 3,839,394 common shares in a private offering for $767,879 in cash, or $0.20 per unit.  These shares were issued in February 2015.

In December 2014, the Company granted all subscribers from the 2014 $0.30 and $0.20 offerings warrants equal to their original subscription with a strike price of $0.20 per share.  As of December 31, 2014 warrants representing 1,000,629 shares of common stock were exercised for $200,126; as of January 31, 2015 additional warrants representing 1,973,333 shares of common stock were exercised for $394,666.  These shares were issued in February 2015. The warrant offering expired on January 31, 2015 resulting in 8,176,404 warrants expiring.

In February 2015, the Company entered into a separation agreement with a former employee converting all accrued payroll of $100,899 to 10 shares of common stock.  These shares have not been issued.

In March and April 2015, the Company sold 2,475,000 common shares in a private offering for $495,000 in cash, or $0.20 per unit.  These shares were issued in June 2015.

As discussed in Note 13, effective April 20, 2015 the Company closed on its acquisition of Sicilian Sun Ltd, LLC and its subsidiary, issuing 16,000,000 of common stock in accordance with Exhibit A of that purchase agreement.  The closing stock price on April 20, 2015 was $0.10 and the share where valued at $1,600,000.

Note 9. Options

The Company has the following incentive plans which are registered under a Form S-8:

·       Incentive Stock Option Plan

·       Nonqualified Stock Option Plan

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·       Stock Bonus Plan

In February 2007, the Company granted options to a former officer under it Nonqualified Stock Option Plan. The option allow for the purchase of 150,000 shares of common stock at an exercise price of $0.05 per share. These options vested immediately, expire in January 2020 (as extended in January 2015).  In accordance with the Stock Compensation Topic, FASB ASC 718-20-35, the Company has analyzed the cancellation of the award accompanied by the concurrent grant of a replacement award and determined that there was no further incremental compensation cost.

In January 2010, the Company granted options to three of its officers under its Nonqualified Stock Option Plan. The options allow for the purchase of 1,250,000 shares of common stock at an exercise price of $0.05 per share.  These options vested immediately, expire in January 2020 (as extended in January 2015).  In accordance with the Stock Compensation Topic, FASB ASC 718-20-35, the Company has analyzed the cancellation of the award accompanied by the concurrent grant of a replacement award and determined that there was no further incremental compensation cost.

On May 28, 2014 the Company entered into an agreement with FreshTec, Inc. which provides for the Company to acquire technology which can be used for the preservation and protection of fresh fruit, vegetables and flowers during extended periods of shipping and storage. As part of the terms of the agreement the Company provided stock options to FreshTec, Inc. for 1,000,000 shares of the Company’s common stock at an exercise price of $0.30 per share, which vest immediate and have a term of 1 year.  The stock options were valued at $186,640 using the Black-Scholes option pricing model.  In May 2015 the options were extended for 1 year.  In accordance with the Stock Compensation Topic, FASB ASC 718-20-35, the Company has analyzed the cancellation of the award accompanied by the concurrent grant of a replacement award and determined that there was no further incremental compensation cost.

On October 28, 2009, Adit adopted the following incentive plans which have not been registered:

·       Incentive Stock Option Plan

·       Nonqualified Stock Option Plan

·       Stock Bonus Plan

There have been no issuances under the Adit plans in 2015.

The fair value of each award discussed above is estimated on the date of grant using the Black-Scholes valuation model that uses the assumptions noted in the following table. Expected volatilities are based on volatilities from the Company’s traded common stock. The expected term of the award granted is usually estimated at half of the contractual term as noted in the individual agreements, unless the life is one year or less based upon management’s assessment of known factors, and represents the period of time that management anticipates awards granted to be outstanding.  The risk-free rate for the periods within the contractual life of the option is based on the U.S. Treasury bond rate in effect at the time of the grant for bonds with maturity dates at the estimated term of the options. Historically the Company has had no forfeitures of options or warrants, therefore, the Company uses a zero forfeiture rate.

	June 30, 2015	December 31, 2014
Expected volatility	277.069%		278.03%
Weighted-average volatility	277.069%		278.03%
Expected dividends	0		0
Expected term (in years)	1.00		1.57
Risk-free rate	1.570%		0.77%

A summary of option activity under the plans as of June 30, 2015 and changes during the period then ended is presented below:

Options	Shares		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at December 31, 2014		5,150,000	$	0.23
Granted		1,000,000		0.30
Exercised		-		-
Forfeited, expired or cancelled		(1,000,000)		0.30
Outstanding at June 30, 2015		5,150,000	$	0.23		4.0	$	140,000
Exercisable at June 30, 2015		5,150,000	$	0.24		4.0	$	140,000

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Non-vested Options	Options		Weighted-Average Grant-Date Fair Value
Non-vested at December 31, 2014		160,000	$	0.18
Granted		1,000,000		0.30
Vested		(1,600,000)		0.28
Forfeited, expired or cancelled		-		-
Non-vested at June 30, 2015		-	$	0.25

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A summary of warrant activity as of June 30, 2015, and changes during the period then ended is presented below:

Warrants	Shares			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at December 31, 2014		15,609,742		$	0.26			$	101,497
Granted		-			-
Exercised		(1,973,333	)		0.20
Forfeited, expired or cancelled		(8,176,404	)		0.20
Outstanding at  June 30, 2015		5,460,005		$	0.17		1.0	$	-
Exercisable at June 30, 2015		5,460,005		$	0.17		1.0	$	-

All warrants vest upon issuance.

Note 10. Non-controlling Interest

All non-controlling interest of the Company is a result of the Company’s subsidiaries stock movement and results of operations.  Cumulative results of these activities results in:

	June 30, 2015			December 31, 2014
	(Unaudited)
Common stock for cash	$	1,999,501		$	1,999,501
Common stock for services		95,215			95,215
Exploration expenses paid for in subsidiary common stock		240,000			240,000
Stock based compensation		1,374,880			1,374,880
Cumulative net loss attributable to non-controlling interest		(32,480	)		(25,695	)
Treasury stock		(500,000	)		(500,000	)
Tara Gold equity		-			5,706,096
Other		6			6
Total non-controlling interest	$	3,177,122		$	8,890,003

A summary of activity as of June 30, 2015 and changes during the period then ended is presented below:

Non-controlling interest at December 31, 2014	$	8,890,003
Net loss attributable to non-controlling interest		(6,785	)
Tara Gold equity		(5,706,096	)
Non-controlling interest at June 30, 2015	$	3,177,122

Note 11. Fair Value

In accordance with authoritative guidance, the table below sets forth the Company's financial assets and liabilities measured at fair value by level within the fair value hierarchy. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

	Fair Value at June 30, 2015
	Total		Level 1		Level 2		Level 3
Assets:
Fair market value of ACM’s net identifiable assets acquired	$	1,589,000	$	-	$	-	$	1,589,000
Intellectual property		2,745,229		-		-		2,745,229
Total	$	4,334,229	$	-	$	-	$	4,334,229
Liabilities:
None	$	-	$	-	$	-	$	-

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	Fair Value at December 31, 2014
	Total		Level 1		Level 2		Level 3
Assets:
Fair market value of ACM’s net identifiable assets acquired	$	1,589,000	$	-	$	-	$	1,589,000
Intellectual property		2,745,229		-		-		2,745,229
Total	$	4,334,229	$	-	$	-	$	4,334,229
Liabilities:
None	$	-	$	-	$	-	$	-

Note 12. Segment Reporting

The Company’s operating segments are strategic business units that offer different products and services.  For the period ended June 30, 2015, the Company’s has three business segments: mining, packaging technology and food manufacturing.  The mining segment consists of gold and industrial metal mining concessions in Mexico; the technology segment consists of the Company’s intellectual property related to the “SmartPac” product; and the food manufacturing segment contains the operations of SSL.  The food manufacturing segment became a reportable entity as of June 30, 2015 and was not in existence as of June 30, 2014.

June 30, 2015	Packaging Technology			Mining			Food Manufacturing
Gross loss from external customers	$	-		$	-		$	(76,649	)
Exploration expenses		-			(4,625	)		-
Operating, general, and administrative expenses		(65,149	)		(340,533	)		(398,075	)
Compensation expense		-			(84,770	)		(142,067	)
Selling expense		(60,000	)		-			-
Depreciation and amortization		(2,481	)		(109,594	)		(10,345	)
Segment operating loss before taxes and discontinued operations	$	(127,630	)	$	(539,522	)	$	(627,136	)

June 30, 2014	Packaging Technology			Mining
Gross income from external customers	$	-		$	105,316
Exploration expenses		-			(475,861	)
Operating, general, and administrative expenses		(16,331	)		(447,613	)
Compensation expense		-			(99,945	)
Selling expense		(16,331	)		-
Depreciation and amortization		-			(146,835	)
Segment operating loss before taxes and discontinued operations	$	(32,662	)	$	(1,064,938	)

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Revenues	June 30, 2015			June 30, 2014
Total consolidated revenues	$	243,064		$	105,316
Profit or Loss
Total loss from reportable segments	$	(1,294,287	)	$	(1,097,316	)
Other income (loss) from reportable segments		222,881			(17,689	)
Unallocated amounts:
Corporate expenses		(478,273	)		(641,132	)
Gain on discontinued operations		5,978,575			-
Non-controlling interest		6,785			4,902
Net income (loss) attributable to Firma Holdings’ shareholders	$	4,435,682		$	(1,751,520	)
Assets
Total assets for packaging technology segment	$	3,485,294		$	2,734,040
Total assets for mining segment		6,721,278			7,248,228
Total assets from food manufacturing segment		6,009,322			-
Corporate assets		37,185			137,962
Other unallocated amounts		-			-
Consolidated total	$	16,253,079		$	10,120,230
Liabilities
Accounts payable and accrued expenses packaging technology segment	$	26,993		$	42,457
Accounts payable and accrued expenses mining segment		491,489			2,359,343
Accounts payable and accrued expenses food manufacturing segment		1,145,137			-
Notes payable packaging technology segment		1,799,250			2,000,000
Notes payable mining segment		719,659			11,508
Notes payable food manufacturing segment		2,565,618			-
Corporate accounts payable and accrued expense		1,415,417			898,666
Corporate notes payable		1,691,122			354,119
Consolidated total	$	9,854,685		$	5,666,093

Note 13. Acquisition of Sicilian Sun Ltd., LLC and subsidiary

On March 30, 2015 the Company signed an agreement to acquire all outstanding membership units Sicilian Sun Limited, LLC.  The Company subsequently amended the agreement to clarify Exhibit A only; no changes in payment terms were made.  The acquisition includes SSL’s wholly owned Italian subsidiary, Sicilian Sun Foods s.r.l., and two production facilities located in Alcamo and Catania on the island of Sicily.

The acquisition closed effective April 20, 2015.  The Company calculated the fair value of the business acquisition as follows:

Trade receivables	$	374,554
Inventory		263,013
Tax credits		86,171
Fixed assets		2,979,684
Other assets		5,288
Bank overdraft, net of $2,189 in cash in the U.S. for SSL		(116,520	)
Other assumed liabilities of payables, accrued expenses and loans		(2,233,801	)
Fair market value of net identifiable assets as of April 20, 2015	$	1,358,389
Less:  16,000,000 shares of stock for consideration		(1,600,000	)
Goodwill	$	(241,611	)

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Pursuant FASB ASC 805-10-25, the Company remains in the measurement period for one year subsequent to the closing date.  Due to the stock issuance the company recognized a step up of in goodwill of $1,419,118 recognizing total goodwill of $1,660,730.  Finalization of the acquisition accounting, including the finalization of the goodwill and separately identifiable intangible analysis will be completed prior to April 20, 2016.

Included in the purchase agreement are several contingent clauses which, should they occur, would result in the return of shares to the Company (see Exhibit A of the purchase agreement).  Pursuant to FASB ASC 805-30, the changes in the fair value will be recognized in earnings.  As of June 30, 2015 the Company closing stock price was $0.10 the same as the price on the date of close resulting in no change in fair value.

SSL is a Nevada limited liability company, organized on October 9, 2014.  As a result there are no pro forma results as of June 30, 2014, as SSL had not yet been organized.

The following is the pro forma information that discloses the results of operations as though the business combination had been completed as of the beginning of 2015.

	Firma Holdings		Sicilian Sun Ltd., LLC		June 30, 2015
Total current assets	$	1,524,477	$	1,429,609	$	2,954,086
Total assets		10,510,951		5,742,128		16,253,079
Total current liabilities		4,271,467		3,282,029		7,553,496
Total liabilities		6,144,497		3,710,188		9,854,685

	Firma Holdings			Sicilian Sun Ltd., LLC			For the Six Months Ended June 30, 2015
Net sales and revenues	$	-		$	553,964		$	553,694
Cost of products sold		-			457,468			457,468
Gross margin		-			96,496			96,496
Exploration expenses		4,625			-			4,625
Sales, general and administrative expenses		1,274,607			594,753			1,869,360
Net operating loss		(1,279,232	)		(498,257	)		(1,777,489	)
Net, non-operating income (expense)		201,193			54,191			255,384
Discontinued operations		5,978,575			-			5,978,575
Non-controlling interest		6,785			-			6,785
Net income (loss) attributable to shareholders	$	4,907,321		$	(444,066	)	$	4,463,255
Loss before discontinued operations, basic	$	(0.01	)	$	(0.00	)	$	(0.01	)
Discontinued operations per share, basic	$	0.06		$	-		$	0.06
Net income (loss) per share, basic	$	0.05		$	(0.00	)	$	0.05
Weighted average number of shares, basic		99,038,839			99,038,839			99,038,839
Loss before discontinued operations, diluted	$	(0.01	)	$	(0.00	)	$	(0.01	)
Discontinued operations per share, diluted	$	0.05		$	-		$	0.05
Net income (loss) per share, diluted	$	0.04		$	(0.00	)	$	0.04
Weighted average number of shares, diluted		109,488,844			109,488,844			109,488,844

Note 14. Subsequent Events

As of August 17, 2015, management is in discussions with the note holder of the three convertible notes discussed in Note 6 to obtain extensions.

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

EXECUTIVE OVERVIEW

 The Company was incorporated on May 12, 2006.     Beginning in the second quarter of 2015 the Company has three business segments: mining, packaging technology and food manufacturing.

Due to the addition of business segments over the past year, the Company is starting to structure itself as a holding Company.  Over the next year, we anticipate finalizing assigning all assets which may be held by the parent, Firma Holdings, into wholly owned subsidiaries.  This change is not anticipated to change the overall structure of the Company, but we anticipate it will enable the Company to fully maximize and leverage each business segment to its fullest.

RESULTS OF OPERATIONS

Material changes of certain items in the Company’s Statement of Operations for the three months ended June 30, 2015, as compared to the three months ended June 30, 2014, are discussed below.

Three Months Ended	June 30, 2015			June 30, 2014
Revenue	$	243,064		$	-
Cost of revenue		(319,713	)		-
Exploration expenses		(3,928	)		(312,468	)
Operating, general and administrative expenses		(929,455	)		(637,162	)
Net operating loss	$	(1,010,032	)	$	(949,630	)

Generally, with the Company’s acquisition of Sicilian Sun Limited, LLC (“SSL”) and its wholly owned Italian subsidiary, Sicilian Sun Foods s.r.l., many of the material changes to the 2015 results when compared to the 2014 results are due to the addition of this new business segment.

Revenues and cost of revenues recognized for the three months ended June 30, 2015 relates solely to the food manufacturing segment of the Company from the date we acquired SSL (April 20, 2015) through the quarter end.

For the three months ended June 30, 2015, exploration expenses decreased primarily due to the sale of the Dixie Mining District and the Mexico properties being dormant pending funding.  Expenses incurred for the three months ended June 30, 2015, were for routine maintenance; compared to the three months ended June 30, 2014, when the Company focused primarily on work at the Dixie Mining District and the Don Roman property. In 2014 exploration expenses included expenses for preproduction activities, geology consulting, assaying, field supplies and other mine expenses.

Material changes of certain items in the Company’s operating, general and administrative expenses for the three months ended June 30, 2015, as compared to the three months ended June 30, 2014, is discussed below.

Three Months Ended	June 30, 2015		June 30, 2014
Compensation and officer employment	$	384,148	$	223,951
Professional fees, including legal		136,351		165,103
Other taxes		43,940		9,259
Selling expense		30,000		-
Meal and travel expense		74,235		15,250
Rent		81,592		4,143

As of June 30, 2014 the Company was a subsidiary of Tara Gold Resources Corp.  As the officers of the two companies were the same, 1/3 of certain expenses, primarily compensation and officer employment and investor relations, was shared between the two companies.  Due to Tara Gold Resources Corp.’s divestiture of its ownership of the Company in February 2015 by distributing its ownership as a dividend to shareholders, the sharing of the above expenses ceased.  For the three months ended June 30, 2015 compensation and officer employment was higher due to no longer sharing this cost with Tara Gold Resources Corp., a slight increase in the compensation of the Chief Financial Officer starting 2015, and the acquisition of SSL.

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Additionally with the acquisition of SSL, our professional fees stayed higher than anticipated for the three months ended June 30, 2015, however they were lower than the three month period ending June 30, 2014 due to lower legal fees associated with the SmartPacTM technology purchase in 2014.

Other taxes increased for the three month period ending June 30, 2015 compared to the three month period ending June 30, 2014 primarily due to higher payroll taxes in both the U.S. and Mexico, plus the additional of SSL.

The packaging technology segment began in the Company with the May 2014 acquisition of the SmartPacTM.  The increase in selling expense for the three months period ending June 30, 2015 is solely attributable to this business segment which was not in existence in the company for same period in 2014.

Travel expense increased for the three months period ending June 30, 2015 for due diligence related to the Company’s acquisition of SSL and its subsidiary which resides in Italy, and for travel associated with demonstration and selling activities of the Company’s packaging technology business segments.

Material changes of certain items in the Company’s Statement of Operations for the six months ended June 30, 2015, as compared to the six months ended June 30, 2014, are discussed below.

Six Months Ended	June 30, 2015			June 30, 2014
Revenue	$	243,064		$	105,316
Cost of revenue		(319,713	)		-
Exploration expenses		(4,625	)		(475,861	)
Operating, general and administrative expenses		(1,663,183	)		(1,190,422	)
Net operating loss	$	(1,744,457	)	$	(1,560,967	)

Generally, with the Company’s acquisition of Sicilian Sun Limited, LLC (“SSL”) and its wholly owned Italian subsidiary, Sicilian Sun Foods s.r.l., many of the material changes to the 2015 results when compared to the 2014 results are due to the addition of this new business segment.

Revenues and cost of revenues recognized for the six months ended June 30, 2015 relates solely to the food manufacturing segment of the Company from the date we acquired SSL (April 20, 2015) through the quarter end.

For the six months ended June 30, 2015, exploration expenses decreased primarily due to the sale of the Dixie Mining District and the Mexico properties being dormant pending funding.  Expenses incurred for the six months ended June 30, 2015, were for routine maintenance; compared to the six months ended June 30, 2014, when the Company focused primarily on work at the Dixie Mining District and the Don Roman property. In 2014 exploration expenses included expenses for preproduction activities, geology consulting, assaying, field supplies and other mine expenses.

Material changes of certain items in Firma Holdings’ operating, general and administrative expenses for the six months ended June 30, 2015, as compared to the six months ended June 30, 2014, and is discussed below.

Six Months Ended	June 30, 2015		June 30, 2014
Compensation and officer employment	$	597,114	$	380,333
Professional fees, including legal		262,857		286,095
Other taxes		181,624		73,919
Selling expense		60,000		-
Meal and travel expense		123,302		23,095
Rent		81,592		7,314

As of June 30, 2014 the Company was a subsidiary of Tara Gold Resources Corp.  As the officers of the two companies were the same, 1/3 of certain expenses, primarily compensation and officer employment and investor relations, was shared between the two companies.  Due to Tara Gold Resources Corp.’s divestiture of its ownership of the Company in February 2015 by distributing its ownership as a dividend to shareholders, the sharing of the above expenses ceased.  For the six months ended June 30, 2015 compensation and officer employment was higher due to no longer sharing this cost with Tara Gold Resources Corp., a slight increase in the compensation of the Chief Financial Officer starting 2015, and the acquisition of SSL.

20

Additionally with the acquisition of SSL, our professional fees stayed higher than anticipated for the six months ended June 30, 2015, however they were lower than the six month period ending June 30, 2014, due to lower legal fees associated with the SmartPacTM technology purchase in 2014.

Other taxes increased for the six month period ending June 30, 2015 compared to the six month period ending June 30, 2014 primarily due to higher payroll taxes in both the U.S. and Mexico, plus the additional of SSL.

The packaging technology segment began in the Company with the May 2014 acquisition of the SmartPacTM.  The increase in selling expense for the six months period ending June 30, 2015 is solely attributable to this business segment which was not in existence in the company for same period in 2014.

Travel expense increased for the six months period ending June 30, 2015 for due diligence related to the Company’s acquisition of SSL and its subsidiary which resides in Italy, and for travel associated with demonstration and selling activities of the Company’s packaging technology business segments.

LIQUIDITY AND CAPITAL RESOURCES

The following is an explanation of Firma Holdings’ material sources and (uses) of cash during the six months ended June 30, 2015 and 2014:

	June 30, 2015			June 30, 2014
Net cash used in operating activities	$	(2,391,052	)	$	(641,638	)
Cash included in acquisition of Sicilian Sun Ltd., LLC and subsidiary		2,189			-
Acquisition of intellectual property		-			(547,412	)
Proceeds from sales of common stock		1,190,000			1,295,102
Proceeds from notes payable		850,000			110,000
Payments towards notes payable		(76,431	)		(32,561	)
Change in due to/from related parties, net		1,223			(113,180	)
Cash, beginning of period		738,610			76,758

Firma Holdings anticipates that its capital requirements during the twelve months ending June 30, 2016 will be:

Exploration and Development – Don Roman Groupings	$	200,000
Exploration and Development – Picacho Groupings		160,000
Property taxes		125,000
Packaging technology business segment		1,900,000
Food manufacturing		3,000,000
General and administrative expenses		1,000,000
Total	$	6,385,000

As a holding company, we have three distinct business segments: mining, packaging technology, and food manufacturing. Gracepoint Mining, LLC will hold the Company’s mining assets, SmartPac Global, LLC will hold the SmartPacTM technology, and Sicilian Sun Ltd., LLC currently holds the food manufacturing and sales business.   Changes to our internal organizational structure will include The Company ensuring all relevant assets related to the above business segments are contained in the appropriate company listed above and put the parent company as a true holding company.

Each division will be managed with a strategic focus on a combination of near term revenue, scalable revenue, and exponential valuation growth potential.

Mining:

As the mining division of the Company continues to explore options to advance all projects, in the first half of 2015, the Company has seen an increase in interest from parties exploring opportunities at both Don Roman and Picacho. In addition to equity interests, there have been interests in production tolling at the Don Roman milling facility, which could result in revenue generating opportunities. The efforts of the first quarter were carried forward into the second quarter and have resulted in formal conversations, in an effort to advance and/or monetize the Company’s holdings in Mexico.

21

Packaging Technology:

The packaging technology can be used for the preservation and protection of fresh fruit, vegetables, and flowers during extended periods of shipping and storage. The packaging technology, currently named SmartPacTM, is comprised of patents, trademarks and other intellectual property pertaining to systems and methods for packaging bulk quantities of fresh produce and flowers incorporating modified atmosphere packaging.

SmartPac Global has engaged the services of a global distribution and logistics expert to introduce and enlist end users to its patented SmartPacTM Systems solution. These included introductions to major destination importers, retailers and food service distributors, in both Europe and Asia. These customers predominately import high value fresh fruit and vegetables from long distances, including the U.S., Mexico, Peru, and Chile. As a result of these meetings, the Company was engaged to demonstrate the product performance by shipping asparagus, avocados, limes, and honeydew melons, in SmartPac’s, to Japan and Europe.  Avocado fruit shipped to Japan was evaluated upon arrival by both the importer and The Company. The avocado fruit using SmartPacTM technology was found to have arrived in superior condition, and with increased yields when compared to cartons not packed using SmartPacTM technology. This has resulted in requests for additional shipments and preparations being made for meeting scaled demand. The Company now has the opportunity to begin SmartPacTM sales and continue to build out sales channels.

With these demonstrations, The Company has confirmed that the market demands an effective "per carton" solution that enables the retailer to capture and eliminate the costs associated with transportation and spoilage generated in their fruit and vegetable supply chains. As a result, in addition to seeking to fulfill current market requests and developing custom packaging, the Company is currently expanding its global dynamic demonstrations.

Lastly, the Company is in negotiations with a number of parties for regional strategic alignments that would incorporate use of the SmartPacTM technology.

Food Manufacturing:

In early 2015, the Company negotiated the acquisition of Sicilian Sun Ltd., LLC (“SSL”) and its foreign subsidiary.  In the second quarter, SSL began production at the new facility in Catania, Italy, and in the month of July, began shipping product to the US to fulfill orders for a major grocer consisting of thousands of stores throughout the US. Based on the initial stocking order and customer projections, sales estimates by the end of the year could have the potential to reach run rate of $5 million per quarter.

The Company has begun improving and expanding on the supply chain relationships, banking relationships, and customer relationships. The involvement with new and existing customer relationships has already yielded increased interest from customers globally. There will be an on-going focus to improve efficiencies empowering better service to customers, as well as improve margins.

Firma Holdings does not know of any trends, events or uncertainties that have had, or are reasonably expected to have, a material impact on its sales, revenues or income from continuing operations, or liquidity and capital resources.

Firma Holdings’ future plans will be dependent upon the amount of capital available to Firma Holdings, the amount of cash provided by its operations, and the extent to which Firma Holdings is able to have joint venture partners pay the costs of exploring and developing its mining properties.

Firma Holdings does not have any other commitments or arrangements from any person to provide Firma Holdings with any additional capital.  If additional financing is not available when needed, Firma Holdings may continue to operate in its present mode.

Off-Balance Sheet Arrangements

At June 30, 2015, Firma Holdings had no off-balance sheet arrangements that have, or are reasonably likely to have, a current or future material effect on its consolidated financial condition, results of operations, liquidity, capital expenditures or capital resources.

Critical Accounting Policies

The preparation of our consolidated financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and judgments that affect our reported assets, liabilities, revenues, and expenses, and the disclosure of contingent assets and liabilities. We base our estimates and judgments on historical experience and on various other assumptions we believe to be reasonable under the circumstances. Future events, however, may differ markedly from our current expectations and assumptions. While there are a number of significant accounting policies affecting our consolidated financial statements, we believe the following critical accounting policies involve the most complex, difficult and subjective estimates and judgments.

22

Inventories

Inventories are stated at the lower of cost, determined on a first-in, first-out basis (“FIFO”), or market, including direct material costs and direct and indirect manufacturing costs. 

Revenue Recognition

Revenue for products is recognized when the sales amount is determined, shipment of goods to the customer has occurred and collection is reasonably assured.

Recoverable Value-Added Taxes (IVA) and Allowance for Doubtful Accounts

Impuesto al Valor Agregado taxes (IVA) are recoverable value-added taxes charged by the Mexican government on goods sold and services rendered at a rate of 16%.  Under certain circumstances, these taxes are recoverable by filing a tax return and as allowed by the Mexican taxing authority.

Each period, receivables are reviewed for collectability.  When a receivable has doubtful collectability we allow for the receivable until we are either assured of collection (and reverse the allowance) or assured that a write-off is necessary.  Our allowance in association with our receivable from IVA from our Mexico subsidiaries is based on our determination that the Mexican government may not allow the complete refund of these taxes.

Property, Plant, Equipment, Mine Development and Land

Mining concessions and acquisitions, exploration and development costs relating to mineral properties with proven reserves are deferred until the properties are brought into production, at which time they will be amortized on the unit of production method based on estimated recoverable reserves. If it is determined that the deferred costs related to a property are not recoverable over its productive life, those costs will be written down to fair value as a charge to operations in the period in which the determination is made. The amounts at which mineral properties and the related deferred costs are recorded do not necessarily reflect present or future values.

The recoverability of the book value of each property is assessed at least annually for indicators of impairment such as adverse changes to any of the following:

• estimated recoverable ounces of copper, lead, zinc, gold, silver or other precious minerals

• estimated future commodity prices

• estimated expected future operating costs, capital expenditures and reclamation expenditures

A write-down to fair value is recorded when the expected future cash flow is less than the net book value of the property or when events or changes in the property indicate that carrying amounts are not recoverable. The carrying amounts of the Company’s mining properties are reviewed at each balance sheet date to determine whether there is any indication of impairment. If such indication of impairment exists, the asset’s recoverable amount will be reduced to its estimated fair value. As of June 30, 2015 and 2014, respectively, no indications of impairment existed.  As of the August 19, 2015, no events have occurred that would require the write-down of any assets.

Certain mining plant and equipment included in mine development and infrastructure is depreciated on a straight-line basis over their estimated useful lives from 3 – 10 years. Other non-mining assets are recorded at cost and depreciated on a straight-line basis over their estimated useful lives from 3 – 10 years.

Financial and Derivative Instruments

The Company periodically enters into financial instruments. Upon entry, each instrument is reviewed for debt or equity treatment.  In the event that the debt or equity treatment is not readily apparent, FASB ASC 480-10-S99 is consulted for temporary treatment.  Once an event takes place that removes the temporary element the Company appropriately reclassifies the instrument to debt or equity.

The Company periodically assesses its financial and equity instruments to determine if they require derivative accounting. Instruments which may potentially require derivative accounting are conversion features of debt, equity, and common stock equivalents in excess of available authorized common shares, and contracts with variable share settlements.  In the event of derivative treatment, the instrument is marketed to market.

23

Stock Based Compensation

Stock based compensation is accounted for using the Equity-Based Payments to Non-Employee’s Topic of the FASB ASC, which establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services. It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entity’s equity instruments or that may be settled by the issuance of those equity instruments. We determine the value of stock issued at the date of grant. We also determine at the date of grant the value of stock at fair market value or the value of services rendered (based on contract or otherwise) whichever is more readily determinable.

Shares issued to employees are expensed upon issuance.

Stock based compensation for employees is accounted for using the Stock Based Compensation Topic of the FASB ASC.  We use the fair value method for equity instruments granted to employees and will use the Black-Scholes model for measuring the fair value of options, if issued. The stock based fair value compensation is determined as of the date of the grant or the date at which the performance of the services is completed (measurement date) and is recognized over the vesting periods.

ITEM 3.   QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

ITEM 4.   CONTROLS AND PROCEDURES

Francis Richard Biscan, Jr., the Company’s Principal Executive Officer and Lynda R. Keeton-Cardno, the Company’s Principal Financial and Accounting Officer, have evaluated the effectiveness of the Company’s disclosure controls and procedures (as defined in Rule 13a-15(e) of the Securities Exchange Act of 1934) as of the end of the period covered by this report, and in their opinion the Company’s disclosure controls and procedures are effective.

There were no changes in the Company’s internal controls over financial reporting that occurred during the period that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

24

 PART II

OTHER INFORMATION

ITEM 1.     LEGAL PROCEEDINGS

The Company is not involved in any legal proceedings and is not aware of any legal proceedings which are threatened or contemplated.

ITEM 1A.    RISK FACTORS

The Company's operating and development properties are located in foreign jurisdictions that are subject to changes in economic and political conditions and regulations in those foreign countries.

As a holding company with subsidiaries in foreign countries, the Company’s opportunities and operations can be affected by many factors, many of which are out of our immediate control.  Changes in the economic and political conditions and/or regulations may impact the business’ ability to do business, and affect margins and profit potential.  In addition, global factors such as changes in exchange rates, or import/export regulations may pose hurdles that could negatively impact our Company. Some of the Company’s businesses are involved in international and transcontinental transport and logistics; and therefore are exposed to potential weather risks, union issues, port issues, and/or things that can affect the overall cost and timeliness of logistics.

Depending on these, and related factors, the Company may determine an operation is neither profitable nor advisable to continue, further advance, and we may decide not to retain certain holdings or assets.

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

In March and April 2015, the Company sold 2,475,000 units in a private offering for $495,000 in cash, or $0.20 per unit.  These shares were issued in June 2015.

The Company relied upon the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933 with respect to the issuance and sale of the securities listed above.  The persons who acquired these securities were sophisticated investors who were provided full information regarding the Company’s business and operations.  There was no general solicitation in connection with the offer, sale or issuance of these securities.  The persons acquired these securities for their own accounts.  The securities cannot be sold unless pursuant to an effective registration statement or an exemption from registration.  No commissions were paid to any person in connection with the issuance or sale of these securities.

ITEM 3.     DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4.     MINE SAFETY DISCLOSURES

None.

ITEM 5.     OTHER INFORMATION

None.

ITEM 6.     EXHIBITS

Exhibit No.	Description of Exhibit
31.1	Rule 13a-14(a) Certifications – CEO	(1)
31.2	Rule 13a-14(a) Certifications - CFO	(1)
32.1	Section 1350 Certifications	(1)
101.INS	XBRL Instance Document	(1)
101.SCH	XBRL Taxonomy Extension Schema Document	(1)
101.CAL	XBRL Taxonomy Calculation Linkbase Document	(1)
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document	(1)
101.LAB	XBRL Taxonomy Label Linkbase Document	(1)
101.PRE	XBRL Taxonomy Presentation Linkbase Document	(1)

(1) Filed with this report.

25

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.

Dated: August 19, 2015	By:	/s/ Francis Richard Biscan, Jr.
		Francis R. Biscan, Jr., President,
		Chief Executive Officer
Dated: August 19, 2015	By:	/s/ Lynda R. Keeton-Cardno
		Lynda R. Keeton-Cardno, CPA
		Principal Financial and Accounting Officer

26

EX-31.1

Exhibit 31.1

CERTIFICATION PURSUANT TO SECTION 302(a)

OF THE SARBANES-OXLEY ACT OF 2002

I, Francis Richard Biscan Jr., certify that:

1. I have reviewed this quarterly report on Form 10-Q of Firma Holdings Corp;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b.	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c.	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d.	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:  August 19, 2015	By:	/s/ Francis Richard Biscan Jr.
		Francis Richard Biscan Jr.  Principal Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION PURSUANT TO SECTION 302(a)

OF THE SARBANES-OXLEY ACT OF 2002

I, Lynda R. Keeton-Cardno, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of Firma Holdings Corp.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b.	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c.	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d.	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
	a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
	b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:  August 19, 2015	By:	/s/ Lynda R. Keeton-Cardno
		Lynda R. Keeton-Cardno Principal Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of Firma Holdings Corp. (the “Company”) for the quarter ended June 30, 2015, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Francis Richard Biscan Jr, President and Chief Executive Officer of the Company, hereby certifies, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of his knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. §78m or §78o(d)); and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date:  August 19, 2015	By:	/s/ Francis R. Biscan Jr.
		Francis R. Biscan Jr. President and Chief Executive Officer (Principal Executive Officer)

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of Firma Holdings Corp. (the “Company”) for the quarter ended June 30, 2015, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Lynda R. Keeton-Cardno, Chief Financial Officer of the Company, hereby certifies, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of her knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. §78m or §78o(d)); and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date:  August 19, 2015	By:	/s/ Lynda R. Keeton Cardno
		Lynda R. Keeton-Cardno Chief Financial Officer (Principal Financial and Accounting Officer)

XML

Notes Payable and Convertible Notes Payable, net (Schedule of Notes Payable) (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Present value of debt	$ 6,775,648	$ 4,293,595
Less - current portion	(4,214,459)	(2,123,100)
Less - current portion convertible notes payable	(260,000)	(260,000)
Total - non-current portion	2,301,189	1,910,495
Mining Concessions [Member]
Debt Instrument [Line Items]
Present value of debt	709,623	709,623
Notes Payable, Other Payables [Member]
Debt Instrument [Line Items]
Present value of debt	$ 2,831,653	306,381
Auto Loans [Member]
Debt Instrument [Line Items]
Present value of debt		11,219
Note Payable to Corporacion Amermin S.A. de C.V. [Member]
Debt Instrument [Line Items]
Present value of debt	$ 1,175,122	1,175,122
FreshTec required payments [Member]
Debt Instrument [Line Items]
Present value of debt	1,799,250	1,831,250
Convertible notes payable [Member]
Debt Instrument [Line Items]
Present value of debt	$ 260,000	$ 260,000

XML

Acquisition of Sicilian Sun Ltd., LLC and subsidiary (Narrative) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2015	Apr. 20, 2015	Dec. 31, 2014	Sep. 30, 2014
Business Acquisition [Line Items]
Goodwill	$ 1,660,730
Share price		$ 0.10	$ 0.20	$ 0.30
Sicilian Sun Limited, LLC [Member]
Business Acquisition [Line Items]
Step up in goodwill	1,419,118
Goodwill	$ 1,660,730	$ (241,611)
Share price	$ 0.10

XML

Options (Summary of Warrant Activity) (Details) - Warrants [Member] - USD ($)	1 Months Ended	6 Months Ended	12 Months Ended
	Jan. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Shares
Outstanding	15,609,742	15,609,742
Granted
Exercised	(1,973,333)	(1,973,333)	(1,000,629)
Forfeited, expired or cancelled	(8,176,404)	(8,176,404)
Outstanding		5,460,005	15,609,742
Exercisable		5,460,005
Weighted-Average Exercise Price
Outstanding	$ 0.26	$ 0.26
Granted
Exercised		$ 0.20
Forfeited, expired or cancelled		0.20
Outstanding		0.17	$ 0.26
Exercisable		$ 0.17
Weighted-Average Remaining Contractual Term
ClassOfWarrantOrRightWeightedAverageRemainingContractualTermOutstanding		1 year
ClassOfWarrantOrRightWeightedAverageRemainingContractualTermExercisable		1 year
Aggregate Intrinsic Value
Outstanding			$ 101,497
Exercisable

XML

Options (Summary of Fair Value Assumptions) (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Options [Abstract]
Expected volatility	277.069%	278.03%
Weighted-average volatility	277.069%	278.03%
Expected dividends	$ 0	$ 0
Expected term (in years)	1 year	1 year 6 months 25 days
Risk-free rate	1.57%	0.77%

XML

Inventory (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Inventory [Abstract]
Raw materials and packaging	$ 283,033
Finished foods	85,470
SSF inventory	368,503
Component inventory parts for SmartPacTM	92,414	$ 88,559
Inventory	$ 460,917	$ 88,559

XML

Notes Payable and Convertible Notes Payable, net (Tables)

6 Months Ended

Jun. 30, 2015

Notes Payable and Convertible Notes Payable, net [Abstract]

Schedule of Notes Payable

	June 30, 2015						December 31, 2014
			(Unaudited)
Mining concession (see Note 3)		$		709,623		$		709,623
Notes payable				2,831,653				306,381
Auto loans				-				11,219
Note payable to Corporacion Amermin S.A. de C.V. (“Amermin”)				1,175,122				1,175,122
FreshTec required payments				1,799,250				1,831,250
Convertible notes payable				260,000				260,000
				6,775,648				4,293,595
Less – current portion				(4,214,459	)			(2,123,100	)
Less – current portion convertible notes payable				(260,000	)			(260,000	)
Total – non-current portion		$		2,301,189		$		1,910,495

Five Year Maturity Schedule for Notes Payable

	2016		2017		2018		2019		2020			Thereafter		Total
Mining concessions	$	174,000	$	-	$	-	$	-	$	-	$		535,623	$	709,623
Note payables		2,241,209		213,080		377,364		-		-			-		2,831,653
Note payable to Corporacion Amermin S.A. de C.V. (“Amermin”)		-		-		-		-		-			1,175,122		1,175,122
FreshTec required payments		1,799,250		-		-		-		-			-		1,799,250
Convertible note payable, net		260,000		-		-		-		-			-		260,000
Total	$	4,474,459	$	213,080	$	377,364	$	-	$	-	$		1,710,745	$	6,775,648

XML

Fair Value (Schedule of Assets and Liabilities Measured at Fair Value) (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Total [Member]
Assets:
Fair market value of ACM's net identifiable assets acquired	$ 1,589,000	$ 1,589,000
Intellectual property	2,745,229	2,745,229
Total	$ 4,334,229	$ 4,334,229
Liabilities:
Liabilities
Level 1 [Member]
Assets:
Fair market value of ACM's net identifiable assets acquired
Intellectual property
Total
Liabilities:
Liabilities
Level 2 [Member]
Assets:
Fair market value of ACM's net identifiable assets acquired
Intellectual property
Total
Liabilities:
Liabilities
Level 3 [Member]
Assets:
Fair market value of ACM's net identifiable assets acquired	$ 1,589,000	$ 1,589,000
Intellectual property	2,745,229	2,745,229
Total	$ 4,334,229	$ 4,334,229
Liabilities:
Liabilities

XML

Related Party Transactions (Schedule of Related Party Transactions) (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Related Party Transactions [Abstract]
Due from related parties	$ 103,644	$ 104,868

XML

Assets Held for Disposal, net (Narrative) (Details)	1 Months Ended
	Feb. 28, 2015 USD ($)
Dixie Mining District [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of asset held for sale	$ 450,000

XML

Acquisition of Sicilian Sun Ltd., LLC and subsidiary (Schedule of Fair Value of Acquisition) (Details) - USD ($)	1 Months Ended
	Apr. 20, 2015	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Goodwill		$ 1,660,730
Cash		294,391	$ 738,610	$ 131,916	$ 76,758
Number of shares issued upon acquisition, shares	16,000,000
Sicilian Sun Limited, LLC [Member]
Business Acquisition [Line Items]
Trade receivables	$ 374,554
Inventory	263,013
Tax credits	86,171
Fixed assets	2,979,684
Other assets	5,288
Bank overdraft, net of $2,189 in cash in the U.S. for SSL	(116,520)
Other assumed liabilities of payables, accrued expenses and loans	(2,233,801)
Fair market value of net identifiable assets acquired	1,358,389
Less: 16,000,000 shares of stock for consideration	(1,600,000)
Goodwill	(241,611)	$ 1,660,730
Cash	$ 2,189
Number of shares issued upon acquisition, shares	16,000,000

XML

Options (Summary of Option Activity) (Details) - USD ($)	1 Months Ended	6 Months Ended
	May. 28, 2014	Jun. 30, 2015
Shares
Outstanding		5,150,000
Granted	1,000,000	1,000,000
Exercised
Forfeited, expired or cancelled		(1,000,000)
Outstanding		5,150,000
Exercisable		5,150,000
Weighted-Average Exercise Price
Outstanding		$ 0.23
Granted		$ 0.30
Exercised
Forfeited, expired or cancelled		$ 0.30
Outstanding		0.23
Exercisable		$ 0.24
Weighted-Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2		4 years
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1		4 years
Aggregate Intrinsic Value
Outstanding		$ 140,000
Exercisable		$ 140,000
Non-vested Options
Non-vested		160,000
Granted		1,000,000
Vested		(1,600,000)
Non-vested
Weighted -Average Grant-Date Fair Value
Non-vested		$ 0.18
Granted		0.30
Vested		0.28
Non-vested		$ 0.25

XML

Property, Plant, Equipment, Mine development and Land, net

6 Months Ended

Jun. 30, 2015

Property, Plant, Equipment, Mine development and Land, net [Abstract]

Property, Plant, Equipment, Mine development and Land, net

Note 3.Property, Plant, Equipment, Mine development andLand, net

	June 30, 2015			December 31, 2014
	(Unaudited)
Land	$	19,590		$	19,590
Mining concessions:
Pilar (a)		710,172			710,172
Don Roman		521,739			521,739
Las Nuvias		100,000			100,000
Centenario		635,571			635,571
La Palma		80,000			80,000
La Verde		60,000			60,000
Picacho Groupings		1,571,093			1,571,093
Mining concessions		3,678,575			3,678,575
Property, plant and equipment		6,517,597			3,620,151
		10,215,762			7,318,316
Less – accumulated depreciation		(1,348,310	)		(1,210,875	)
	$	8,867,452		$	6,107,441

Pilar, Don Roman, Las Nuvias, Centenario, La Palma and La Verde properties are located in Mexico and are known as the Don Roman Groupings.

The Picacho and Picacho Fractions are located in Mexico and are known as the Picacho Groupings.

All properties listed above are paid for in full except the following:

1. In January 2007, the Company acquired the Pilar de Mocoribo Prospect (“Pilar”) from Tara Gold's former subsidiary Corporacion Amermin S.A. de C.V. for $739,130 plus $115,737 of value-added tax (as amended).  The Company owes $535,658 for this mining concession (including the applicable value-added tax).

In accordance with the Interest Topic of FASB ASC, the future payments of the total payment amount of $739,130 have been discounted using the incremental borrowing rate of 5.01%. As of June 30, 2015, the present value of future payments is as follows:

	Debt			IVA		Total
Total remaining debt	$	486,739		$	77,878	$	564,617
Imputed interest		(28,959	)		-		(28,959	)
Present value of debt	$	457,780		$	77,878	$	535,658

In addition to the Company's mining concessions and the Don Roman Plant, with the acquisition of Sicilian Sun Foods Ltd., LLC and its subsidiary the Company also acquired approximately $2,900,000 of fixed assets consisting of plant equipment, furniture and fixtures, and leasehold improvements to the plants in Italy.

XML

Related Party Transactions (Narrative) (Details) - USD ($)	1 Months Ended	6 Months Ended	12 Months Ended
	May. 18, 2015	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Due from related parties		$ 103,644	$ 104,868
Debt instrument, maturity date	Sep. 30, 2015	Dec. 31, 2015
Adit Resources Corp [Member]
Related Party Transaction [Line Items]
Debt instrument, face amount				$ 4,286,663
Due from related parties			$ 610,000
Due to related parties		$ 5,809,853
Interest spread on variable rate			3.25%
Debt instrument, maturity date		Dec. 31, 2015

XML

Fair Value (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value

	Fair Value at June 30, 2015
	Total		Level 1		Level 2		Level 3
Assets:
Fair market value of ACM's net identifiable assets acquired	$	1,589,000	$	-	$	-	$	1,589,000
Intellectual property		2,745,229		-		-		2,745,229
Total	$	4,334,229	$	-	$	-	$	4,334,229
Liabilities:
None	$	-	$	-	$	-	$	-

	Fair Value at December 31, 2014
	Total		Level 1		Level 2		Level 3
Assets:
Fair market value of ACM's net identifiable assets acquired	$	1,589,000	$	-	$	-	$	1,589,000
Intellectual property		2,745,229		-		-		2,745,229
Total	$	4,334,229	$	-	$	-	$	4,334,229
Liabilities:
None	$	-	$	-	$	-	$	-

XML

Non-controlling Interest (Tables)

6 Months Ended

Jun. 30, 2015

Non-controlling Interest [Abstract]

Summary of Non-controlling Interests

	June 30, 2015			December 31, 2014
	(Unaudited)
Common stock for cash	$	1,999,501		$	1,999,501
Common stock for services		95,215			95,215
Exploration expenses paid for in subsidiary common stock		240,000			240,000
Stock based compensation		1,374,880			1,374,880
Cumulative net loss attributable to non-controlling interest		(32,480	)		(25,695	)
Treasury stock		(500,000	)		(500,000	)
Tara Gold equity		-			5,706,096
Other		6			6
Total non-controlling interest	$	3,177,122		$	8,890,003

Summary of Non-controlling Interest Activity

Non-controlling interest at December 31, 2014	$	8,890,003
Net loss attributable to non-controlling interest		(6,785	)
Tara Gold equity		(5,706,096	)
Non-controlling interest at June 30, 2015	$	3,177,122

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Stockholders' Equity (Details) - USD ($)	1 Months Ended			2 Months Ended		6 Months Ended	12 Months Ended
	Apr. 20, 2015	Feb. 28, 2015	Jan. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Class of Stock [Line Items]
Units issued in private offering, number of units				2,475,000	3,839,394
Proceeds from issuance of private offering				$ 495,000	$ 767,879
Shares issued, price per share			$ 0.20	$ 0.20	$ 0.20
Share price	$ 0.10						$ 0.20	$ 0.30
Strike price							$ 0.20
Amount of accrued payroll convertible to common stock		$ 100,899
Number of shares issuable upon conversion of accrued payroll		10
Number of shares issued upon acquisition, shares	16,000,000
Number of shares issued upon acquisition	$ 1,600,000
Warrants [Member]
Class of Stock [Line Items]
Exercised			1,973,333			1,973,333	1,000,629
Value of warrants exercised			$ 394,666				$ 200,126
Warrants expired			8,176,404			8,176,404

XML

Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Schedule of Operating Segments

June 30, 2015	Packaging Technology			Mining			Food Manufacturing
Gross loss from external customers	$	-		$	-		$	(76,649)
Exploration expenses		-			(4,625	)		-
Operating, general, and administrative expenses		(65,149	)		(340,533	)		(398,075	)
Compensation expense		-			(84,770	)		(142,067	)
Selling expense		(60,000	)		-			-
Depreciation and amortization		(2,481	)		(109,594	)		(10,345	)
Segment operating loss before taxes and discontinued operations	$	(127,630)		$	(539,522	)	$	(627,136)

June 30, 2014	Packaging Technology			Mining
Gross income from external customers	$	-		$	105,316
Exploration expenses		-			(475,861	)
Operating, general, and administrative expenses		(16,331	)		(447,613	)
Compensation expense		-			(99,945	)
Selling expense		(16,331	)		-
Depreciation and amortization		-			(146,835	)
Segment operating loss before taxes and discontinued operations	$	(32,662)		$	(1,064,938	)

Revenues	June 30, 2015			June 30, 2014
Total consolidated revenues	$	243,064		$	105,316
Profit or Loss
Total loss from reportable segments	$	(1,294,287)		$	(1,097,316)
Other income (loss) from reportable segments		222,881			(17,689	)
Unallocated amounts:
Corporate expenses		(478,273	)		(641,132	)
Gain on discontinued operations		5,978,575			-
Non-controlling interest		6,785			4,902
Net income (loss) attributable to Firma Holdings' shareholders	$	4,435,682		$	(1,751,520)
Assets
Total assets for packaging technology segment	$	3,485,294		$	2,734,040
Total assets for mining segment		6,721,278			7,248,228
Total assets from food manufacturing segment		6,009,322			-
Corporate assets		37,185			137,962
Other unallocated amounts		-			-
Consolidated total	$	16,253,079		$	10,120,230
Liabilities
Accounts payable and accrued expenses packaging technology segment	$	26,993		$	42,457
Accounts payable and accrued expenses mining segment		491,489			2,359,343
Accounts payable and accrued expenses food manufacturing segment		1,145,137			-
Notes payable packaging technology segment		1,799,250			2,000,000
Notes payable mining segment		719,659			11,508
Notes payable food manufacturing segment		2,565,618			-
Corporate accounts payable and accrued expense		1,415,417			898,666
Corporate notes payable		1,691,122			354,119
Consolidated total	$	9,854,685		$	5,666,093

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Acquisition of Sicilian Sun Ltd., LLC and subsidiary (Tables)

6 Months Ended

Jun. 30, 2015

Acquisition of Sicilian Sun Ltd., LLC and subsidiary [Abstract]

Schedule of Fair Value of Acquisition

Trade receivables	$	374,554
Inventory		263,013
Tax credits		86,171
Fixed assets		2,979,684
Other assets		5,288
Bank overdraft, net of $2,189 in cash in the U.S. for SSL		(116,520	)
Other assumed liabilities of payables, accrued expenses and loans		(2,233,801	)
Fair market value of net identifiable assets as of April 20, 2015	$	1,358,389
Less:  16,000,000 shares of stock for consideration		(1,600,000	)
Goodwill	$	(241,611	)

Schedule of Pro Forma Results

	Firma Holdings		Sicilian Sun Ltd., LLC		June 30, 2015
Total current assets	$	1,524,477	$	1,429,609	$	2,954,086
Total assets		10,510,591		5,742,128		16,253,079
Total current liabilities		4,271,467		3,282,029		7,553,496
Total liabilities		6,144,497		3,710,188		9,854,685

	Firma Holdings			Sicilian Sun Ltd., LLC			For the Six Months Ended June 30, 2015
Net sales and revenues	$	-		$	553,964		$	553,694
Cost of products sold		-			457,468			457,468
Gross margin		-			96,496			96,496
Exploration expenses		4,625			-			4,625
Sales, general and administrative expenses		1,274,607			594,753			1,869,360
Net operating loss		(1,279,232	)		(498,257	)		(1,777,489	)
Net, non-operating income (expense)		201,193			54,191			255,384
Discontinued operations		5,978,575			-			5,978,575
Non-controlling interest		6,785			-			6,785
Net income (loss) attributable to shareholders	$	4,907,321		$	(444,066)		$	4,463,255
Loss before discontinued operations, basic	$	(0.01)		$	(0.00)		$	(0.01)
Discontinued operations per share, basic	$	0.06		$	-		$	0.06
Net income (loss) per share, basic	$	0.05		$	(0.00)		$	0.05
Weighted average number of shares, basic		99,038,839			99,038,839			99,038,839
Loss before discontinued operations, diluted	$	(0.01)		$	(0.00)		$	(0.01)
Discontinued operations per share, diluted	$	0.05		$	-		$	0.05
Net income (loss) per share, diluted	$	0.04		$	(0.00)		$	0.04
Weighted average number of shares, diluted		109,488,844			109,488,844			109,488,844

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Inventory

6 Months Ended

Jun. 30, 2015

Inventory [Abstract]

Inventory

Note 2.Inventory

	June 30, 2015		December 31, 2014
	(Unaudited)
Raw materials and packaging	$	283,033	$	-
Finished foods		85,470		-
SSF inventory		368,503		-
Component inventory parts for SmartPacTM		92,414		88,559
	$	460,917	$	88,559

XML

Nature of Business and Significant Accounting Policies (Details)	6 Months Ended
	Jun. 30, 2015 USD ($)	Jun. 30, 2014 USD ($)	Dec. 31, 2014 USD ($)
Nature Of Business And Significant Accounting Policies [Line Items]
Foreign value-added tax rate	16.00%
Allowance	$ 1,738,977		$ 1,862,968
Bad debt (recovery) expense	$ 4,713	$ 51,968
Mexico, Pesos
Nature Of Business And Significant Accounting Policies [Line Items]
Current exchange rate	15.6599
Weighted average exchange rate for the three months ended	14.7990
Euro Member Countries, Euro
Nature Of Business And Significant Accounting Policies [Line Items]
Current exchange rate	1.1094	13.0002
Weighted average exchange rate for the three months ended	1.1026	13.1171
American Copper Mining S.A. de C.V. [Member]
Nature Of Business And Significant Accounting Policies [Line Items]
Income tax refund	$ 2,729	$ 40,489
Allowance-Recoverable Value-Added Taxes [Member]
Nature Of Business And Significant Accounting Policies [Line Items]
Allowance	1,353,509		1,436,115
Allowance-Other Receivables [Member]
Nature Of Business And Significant Accounting Policies [Line Items]
Allowance	$ 385,468		$ 426,853
American Metal Mining S.A. de C.V. [Member]
Nature Of Business And Significant Accounting Policies [Line Items]
Interest in subsidiaries	99.99%
Adit Resources Corp [Member]
Nature Of Business And Significant Accounting Policies [Line Items]
Interest in subsidiaries	87.00%

XML

Notes Payable and Convertible Notes Payable, net (Narrative) (Details) - USD ($)	1 Months Ended		6 Months Ended
	Jun. 25, 2015	May. 18, 2015	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Interest rate		10.00%	20.00%
Debt instrument, maturity date		Sep. 30, 2015	Dec. 31, 2015
Beneficial conversion value for convertible debt and financial instruments				$ 94,850
Proceeds from long-term debt		$ 750,000
Proceeds from short-term debt	$ 100,000
Sicilian Sun Foods [Member]
Debt Instrument [Line Items]
Amount paid for acquisition			$ 1,453,000
Debt instrument, maturity date			Jun. 30, 2018
United States Mexico And Canada [Member] | Smart Pac TM Technology [Member]
Debt Instrument [Line Items]
Amount paid for acquisition			$ 1,000,000
UNITED KINGDOM | Smart Pac TM Technology [Member]
Debt Instrument [Line Items]
Amount paid for acquisition			$ 1,000,000
Convertible note one [Member]
Debt Instrument [Line Items]
Interest rate			16.00%
Debt instrument, maturity date			Jul. 31, 2015
Beneficial conversion value for convertible debt and financial instruments			$ 120,000
Debt conversion, price per share			$ 0.10
Accrued interest expense			$ 38,000
Long-term convertible debt						$ 150,000
Convertible note two [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date			Jul. 31, 2015
Debt conversion, price per share			$ 0.10
Accrued interest expense			$ 17,000
Long-term convertible debt					$ 60,000
Convertible note three [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date			Jul. 31, 2015
Beneficial conversion value for convertible debt and financial instruments			$ 34,850
Debt conversion, price per share			$ 0.10
Accrued interest expense			$ 15,000
Long-term convertible debt					$ 50,000

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Acquisition of Sicilian Sun Ltd., LLC and subsidiary (Schedule of Pro Forma Results) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Business Acquisition [Line Items]
Total current assets	$ 2,954,086		$ 2,954,086		$ 2,151,111
Total assets	16,253,079	$ 10,120,230	16,253,079	$ 10,120,230	11,003,781
Total current liabilities	7,553,496		7,553,496		4,063,508
Total liabilities	9,854,685	$ 5,666,093	9,854,685	$ 5,666,093	$ 5,974,003
Cost of products sold	319,713		319,713
Gross margin	(76,649)		(76,649)	$ 105,316
Exploration expenses	3,928	$ 312,468	4,625	475,861
Sales, general and administrative expenses	929,455	637,162	1,663,183	1,190,422
Net operating loss	(1,010,032)	(949,630)	(1,744,457)	(1,560,967)
Net, non-operating income (expense)	$ 19,437	$ (43,769)	194,779	$ (195,455)
Discontinued operations			5,978,575
Non-controlling interest	$ (990,595)	$ (993,399)	$ 4,428,897	$ (1,756,422)
Loss before discontinued operations, basic	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.02)
Discontinued operations per share, basic	0.00	0.00	0.06	0.00
Net income (loss) per share, basic	$ (0.01)	$ (0.01)	$ 0.04	$ (0.02)
Weighted average number of shares, basic	100,845,696	81,545,798	99,038,839	81,315,318
Loss before discontinued operations, diluted	$ (0.01)	$ (0.01)	$ (0.01)	$ (0.02)
Discontinued operations per share, diluted	0.00	0.00	0.05	0.00
Net income (loss) per share, diluted	$ (0.01)	$ (0.01)	$ 0.04	$ (0.02)
Weighted average number of shares, diluted	100,845,696	81,545,798	109,488,844	81,315,318
Business Acquisition [Member]
Business Acquisition [Line Items]
Net sales and revenues			$ 553,694
Cost of products sold			457,468
Gross margin			96,496
Exploration expenses			4,625
Sales, general and administrative expenses			1,869,360
Net operating loss			(1,777,489)
Net, non-operating income (expense)			255,384
Discontinued operations			5,978,575
Non-controlling interest			6,785
Net income (loss) attributable to shareholders			$ 4,463,255
Loss before discontinued operations, basic			$ (0.01)
Discontinued operations per share, basic			0.06
Net income (loss) per share, basic			$ 0.05
Weighted average number of shares, basic			99,038,839
Loss before discontinued operations, diluted			$ (0.01)
Discontinued operations per share, diluted			0.05
Net income (loss) per share, diluted			$ 0.04
Weighted average number of shares, diluted			109,488,844
Firma Holdings [Member]
Business Acquisition [Line Items]
Total current assets	$ 1,524,477		$ 1,524,477
Total assets	10,510,591		10,510,591
Total current liabilities	4,271,467		4,271,467
Total liabilities	6,144,497		$ 6,144,497
Firma Holdings [Member] | Business Acquisition [Member]
Business Acquisition [Line Items]
Net sales and revenues
Cost of products sold
Gross margin
Exploration expenses			$ 4,625
Sales, general and administrative expenses			1,274,607
Net operating loss			(1,279,232)
Net, non-operating income (expense)			201,193
Discontinued operations			5,978,575
Non-controlling interest			6,785
Net income (loss) attributable to shareholders			$ 4,907,321
Loss before discontinued operations, basic			$ (0.01)
Discontinued operations per share, basic			0.06
Net income (loss) per share, basic			$ 0.05
Weighted average number of shares, basic			99,038,839
Loss before discontinued operations, diluted			$ (0.01)
Discontinued operations per share, diluted			0.05
Net income (loss) per share, diluted			$ 0.04
Weighted average number of shares, diluted			109,488,844
Sicilian Sun Limited, LLC [Member]
Business Acquisition [Line Items]
Total current assets	1,429,609		$ 1,429,609
Total assets	5,742,128		5,742,128
Total current liabilities	3,282,029		3,282,029
Total liabilities	$ 3,710,188		3,710,188
Sicilian Sun Limited, LLC [Member] | Business Acquisition [Member]
Business Acquisition [Line Items]
Net sales and revenues			553,964
Cost of products sold			457,468
Gross margin			$ 96,496
Exploration expenses
Sales, general and administrative expenses			$ 594,753
Net operating loss			(498,257)
Net, non-operating income (expense)			$ 54,191
Discontinued operations
Non-controlling interest
Net income (loss) attributable to shareholders			$ (444,066)
Loss before discontinued operations, basic			$ 0.00
Discontinued operations per share, basic
Net income (loss) per share, basic			$ 0.00
Weighted average number of shares, basic			99,038,839
Loss before discontinued operations, diluted			$ 0.00
Discontinued operations per share, diluted
Net income (loss) per share, diluted			$ 0.00
Weighted average number of shares, diluted			109,488,844

XML

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash	$ 294,391	$ 738,610
Accounts receivable	459,385
Other receivables, net	648,906	$ 20,446
Note receivable	647,652	594,485
Prepaid assets	$ 317,347	134,666
Assets held for disposal, net		450,000
Due from related parties	$ 103,644	104,868
Inventory	460,917	88,559
Other current assets	21,844	19,477
Total current assets	2,954,086	2,151,111
Property, plant, equipment, mine development and land, net	8,867,452	6,107,441
Intellectual property	2,745,229	$ 2,745,229
Goodwill	1,660,730
Other assets	25,582
Total assets	16,253,079	$ 11,003,781
Current liabilities:
Accounts payable and accrued expenses	3,079,037	1,680,408
Notes payable, current portion	4,214,459	2,123,100
Convertible notes payable, net	260,000	260,000
Total current liabilities	7,553,496	4,063,508
Notes payable, non-current portion	2,301,189	1,910,495
Total liabilities	9,854,685	5,974,003
Stockholders' equity:
Common stock: $0.001 par value; authorized 200,000,000 shares; issued and outstanding 119,320,696 and 94,032,340 shares	119,321	94,032
Additional paid-in capital	44,473,407	40,984,888
Common stock payable	1	667,671
Accumulated deficit	(41,325,057)	(45,760,739)
Accumulated other comprehensive income	(46,400)	153,923
Total Firma Holdings stockholders' equity	3,221,272	(3,860,225)
Non-controlling interest	3,177,122	8,890,003
Total stockholders' equity	6,398,394	5,029,778
Total liabilities and stockholders' equity	$ 16,253,079	$ 11,003,781

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Options (Narrative) (Details) - USD ($)	1 Months Ended			6 Months Ended
	May. 28, 2014	Jan. 31, 2010	Feb. 28, 2007	Jun. 30, 2015
Class of Warrant or Right [Line Items]
Options granted during the period	1,000,000			1,000,000
Option exercise price	$ 0.30
Options granted, vesting period	1 year
Stock compensation expense	$ 186,640
Nonqualified Stock Option Plan [Member]
Class of Warrant or Right [Line Items]
Options granted during the period		1,250,000	150,000
Option exercise price		$ 0.05	$ 0.05

XML

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income (loss) attributable to Firma Holdings' shareholders	$ 4,435,682	$ (1,751,520)
Adjustments to reconcile net income (loss) to net cash:
Depreciation and amortization	125,312	146,835
Allowance for doubtful accounts	(123,993)	51,968
Stock based compensation	56,136	59,645
Non-controlling interest in net income (loss) of consolidated subsidiaries	$ (6,785)	(4,902)
Accretion of beneficial conversion feature and debt discount		160,767
Gain on debt due to extinguishment	$ (148,115)	(5,000)
Other	(4,078)	$ 50,705
Discontinued operations	(5,978,575)
Changes in current operating assets and liabilities:
Accounts receivables	(84,831)
Other receivables, net	(54,467)	$ (23,029)
Prepaid expenses	(199,302)	$ 6,925
Inventory	(109,345)
Note receivable, current	(53,168)
Other assets	(8,520)	$ (108)
Accounts payable and accrued expenses	(237,003)	666,076
Net cash used in operating activities	(2,391,052)	$ (641,638)
Cash flows from investing activities:
Cash included in acquisition of Sicilian Sun Ltd., LLC and subsidiary	$ 2,189
Acquisition of intellectual property		$ (547,412)
Net cash provided by (used in) investing activities	$ 2,189	(547,412)
Cash flows from financing activities:
Proceeds from common stock sales	1,190,000	1,295,102
Proceeds from notes payable	850,000	110,000
Payments towards notes payable	(76,431)	(32,561)
Change in due to/from related parties, net	1,223	(113,180)
Net cash provided by financing activities	1,964,792	1,259,361
Effect of exchange rate changes on cash	(20,148)	(15,153)
Net (decrease) increase in cash	(444,219)	55,158
Beginning of period cash balance	738,610	76,758
End of period cash balance	294,391	131,916
Supplemental Information:
Interest paid	$ 1,605	$ 3,172
Income taxes paid
Non-cash Investing and Financing Transactions:
Beneficial conversion value for convertible debt and financial instruments		$ 94,850
Reclassification of asset held for sale to other receivables	$ 450,000
Reclassification of prepaid to deposit for acquisition	19,428
Acquisition of Sicilian Sun Limited, LLC and subsidiary with common stock	$ 1,600,000
Acquisition of intellectual property through debt and options		$ 2,186,529
Other		$ 47,466

XML

Property, Plant, Equipment, Mine development and Land, net (Narrative) (Details) - USD ($)	1 Months Ended
	Jan. 31, 2007	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Notes payable		$ 6,775,648	$ 4,293,595
Long-term debt, total future payments		6,775,648
Pilar [Member]
Debt Instrument [Line Items]
Purchase price of entity	$ 739,130
Consideration paid by subsidiary	115,737
Notes payable		$ 535,658
Long-term debt, total future payments	$ 739,130
Incremental borrowing rate used to calculate discount	5.01%
Fixed assets acquired	$ 2,900,000

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Nature of Business and Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2015

Nature of Business and Significant Accounting Policies [Abstract]

Summary of Exchange Rates

	June 30, 2015 (unaudited)
Current exchange rate	Ps.	15.6599	EU	1.1094
Weighted average exchange rate for the six months ended	Ps.	14.7990	EU	1.1026

	June 30, 2014 (unaudited)
Current exchange rate	Ps.	13.0002
Weighted average exchange rate for the six months ended	Ps.	13.1171

Schedule of Allowances of Receivables

	June 30, 2015		December 31, 2014
	(Unaudited)
Allowance – recoverable value-added taxes	$	1,353,509	$	1,436,115
Allowance – other receivables		385,468		426,853
Total	$	1,738,977	$	1,862,968

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Property, Plant, Equipment, Mine development and Land, net (Schedule of Note Payable Instruments) (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Present value of future payments:
Present value of debt	$ 6,775,648	$ 4,293,595
Debt [Member]
Present value of future payments:
Total remaining debt	486,739
Imputed interest	(28,959)
Present value of debt	457,780
IVA [Member]
Present value of future payments:
Total remaining debt	$ 77,878
Imputed interest
Present value of debt	$ 77,878
Total [Member]
Present value of future payments:
Total remaining debt	564,617
Imputed interest	(28,959)
Present value of debt	$ 535,658

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Property, Plant, Equipment, Mine development and Land, net (Tables)

6 Months Ended

Jun. 30, 2015

Property, Plant, Equipment, Mine development and Land, net [Abstract]

Schedule of Property, Plant, Equipment, Mine Development, and Land, net

	June 30, 2015			December 31, 2014
	(Unaudited)
Land	$	19,590		$	19,590
Mining concessions:
Pilar (a)		710,172			710,172
Don Roman		521,739			521,739
Las Nuvias		100,000			100,000
Centenario		635,571			635,571
La Palma		80,000			80,000
La Verde		60,000			60,000
Picacho Groupings		1,571,093			1,571,093
Mining concessions		3,678,575			3,678,575
Property, plant and equipment		6,517,597			3,620,151
		10,215,762			7,318,316
Less – accumulated depreciation		(1,348,310	)		(1,210,875	)
	$	8,867,452		$	6,107,441

Schedule of Note Payable Instruments

	Debt			IVA		Total
Total remaining debt	$	486,739		$	77,878	$	564,617
Imputed interest		(28,959	)		-		(28,959	)
Present value of debt	$	457,780		$	77,878	$	535,658

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Nature of Business and Significant Accounting Policies

6 Months Ended

Jun. 30, 2015

Nature of Business and Significant Accounting Policies [Abstract]

Nature of Business and Significant Accounting Policies

Note 1.Nature of Business and Significant Accounting Policies

Nature of business and principles of consolidation:

The accompanying Condensed Consolidated Financial Statements of Firma Holdings Corp. (“Firma Holdings” or the “Company”) should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2014. Significant accounting policies disclosed therein have not changed, except as noted below.

Firma Holdings, incorporated in Nevada on May 12, 2006, formerly a subsidiary of Tara Gold Resources Corp. (“Tara Gold”), consists of three business segments: mining, packaging technology and food manufacturing.

Our mining business segment explores and develops mining properties which may be productive of gold, silver, copper, lead, zinc, iron, industrial metals, and other associated metals.  This segment is in the exploration stage.

Tara Gold, which historically engaged in the exploration and development of mining properties in Mexico, divested its ownership in Firma Holdings in February 2015 by distributing out its ownership in Firma Holdings to its shareholders. 

In 2006 Tara Gold, formed Firma Holdings when it determined that some investors, prefer lead, zinc and silver projects, rather than gold and silver projects, and that capital may be easier to obtain by separating gold properties from industrial metal properties. Although this was Tara Gold's intention when it formed Firma Holdings, Firma Holdings nevertheless has interests in properties which may be productive of gold or silver.  Firma Holdings formed Adit Resources Corp. (“Adit”) in 2009 to hold the Picacho Groupings and to finance the exploration and development of the Picacho Groupings solely from the sale of Adit's securities. Adit in turns owns 99.99% of American Copper Mining, S.A. de C.V. (“ACM”). Firma Holdings owns 99.9% of the common stock of American Metal Mining S.A. de C.V. (“AMM”), a Mexican corporation and 87% of the common stock of Adit. Firma Holdings' operations in Mexico are conducted through AMM and ACM, since Mexican law provides that only Mexican corporations are allowed to own mining properties.

Our technology business segment owns the “SmartPac” technology.  Purchased in May 2014, this technology can be used for the preservation and protection of fresh fruit, vegetables and flowers during extended periods of shipping and storage. The technology is comprised of patents, trademarks and other intellectual property pertaining to systems and methods for packaging bulk quantities of fresh produce and flowers incorporating modified atmosphere packaging.

Our food manufacturing business segment consists of the 2015 acquisition of Sicilian Sun Limited, LLC (“SSL”), and it'swholly owned Italian subsidiary, Sicilian Sun Foods s.r.l. (“SSF”), and two production facilities located in Alcamo and Catania on the island of Sicily.  This business segment specializes in the manufacturing of three product categories: baked goods, frozen desserts, and semi-finished products made from natural ingredients. These products include assorted pastries, ricotta cannoli, as well as cakes, breads, rice balls, croissants, and a variety of other frozen and packaged items. Frozen desserts include gelato, tartufi, mousse, sorbets Italian ices and other frozen treats. Many of the products use proprietary formulas.

The consolidated financial statements include the accounts of the Company and its subsidiaries.  Variable interest entities (“VIE”) over which control is achieved through means other than voting rights and where the Company is considered the primary beneficiary are included in our consolidated financial statements in those periods in which this applies.  When the Company is the primary beneficiary of the VIE, the Company consolidates the entity if control is achieved through means other than voting rights such as control of the Board, certain treasury activities, certain capital structures and contractual relationships.  EffectiveFebruary 2015, the Company no longer considered Tara Gold a VIE as defined above and has presented transactions related to Tara Gold as discontinued operations in these financial statements.  At June 30, 2014 (the comparable prior period for the statement of operations) the Company had no joint ventures or VIEs.

The accompanying condensed consolidated financial statements and the related footnote information are unaudited.In the opinion of management, they include all normal recurring adjustments necessary for a fair presentation of the condensed consolidated balance sheets of the Company as of June 30, 2015and December 31, 2014, the condensed consolidated results of its operations for the three and six months ended June 30 2015 and 2014, and cash flows for the six months ended June 30, 2015 and 2014. Results of operations reported for interim periods are not necessarily indicative of results for the entire year.

The condensed consolidated financial statements include the financial statements of the Company and its subsidiaries. All amounts are in U.S. dollars unless otherwise indicated. All significant inter-company balances and transactions have been eliminated in consolidation.

The reporting currency of the Company, Adit and SSL is the U.S. dollar.  The functional currency of AMM and ACM is the Mexican Peso and the functional currency of SSF is the Euro. As a result, the financial statements of these subsidiaries have been re-measured from Mexican pesos or the Euro into U.S. dollars using (i) current exchange rates for monetary asset and liability accounts, (ii) historical exchange rates for non-monetary asset and liability accounts, (iii) historical exchange rates for revenues and expenses associated with non-monetary assets and liabilities, and (iv) the weighted average exchange rate of the reporting period for all other revenues and expenses. In addition, foreign currency transaction gains and losses resulting from U.S. dollar denominated transactions are eliminated. The resulting re-measurement gain (loss) is recorded to other comprehensive gain (loss).

Current and historical exchange rates are not indicative of what future exchange rates will be and should not be construed as such.

Relevant exchange rates used in the preparation of the financial statements for AMM, ACM and SSF are as follows for the six months ended June 30, 2015 and 2014.Mexican pesos per one U.S. dollar or the U.S. dollar per one Euro:

	June 30, 2015 (unaudited)
Current exchange rate	Ps.	15.6599	EU	1.1094
Weighted average exchange rate for the six months ended	Ps.	14.7990	EU	1.1026

	June 30, 2014 (unaudited)
Current exchange rate	Ps.	13.0002
Weighted average exchange rate for the six months ended	Ps.	13.1171

The Company's significant accounting policies are:

Reclassifications

Certain reclassifications, which have no effect on net loss, have been made in the prior period financial statements to conform to the current year presentation.  Specifically inventory has been stated apart from other current assets.

Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management routinely makes judgments on historical experience and various other factors that are believed to be reasonable under the circumstances. Actual results could differ from those estimates.

Recoverable Value-Added Taxes (IVA) and Allowance for Doubtful Accounts

Impuesto al Valor Agregado taxes (IVA) are recoverable value-added taxes charged by the Mexican government on goods sold and services rendered at a rate of 16%.  Under certain circumstances, these taxes are recoverable by filing a tax return and as determined by the Mexican taxing authority. Our allowance in association with our receivable from IVA from our Mexico subsidiary is based on our determination that the Mexican government may not allow the complete refund of these taxes.

Each period, receivables are reviewed for collectability.  When a receivable has doubtful collectability we allow for the receivable until we are either assured of collection (and reverse the allowance) or assured that a write-off is necessary. 

	June 30, 2015		December 31, 2014
	(Unaudited)
Allowance – recoverable value-added taxes	$	1,353,509	$	1,436,115
Allowance – other receivables		385,468		426,853
Total	$	1,738,977	$	1,862,968

Bad debt (recovery) expense was $4,713 and $51,968 atJune 30, 2015 and 2014, respectively.

AMM received refunds of $2,729and $40,489 for IVA taxes as of June 30, 2015 and 2014, respectively.

Inventories

Inventories are stated at the lower of cost, determined on a first-in, first-out basis (“FIFO”), or market, including direct material costs and direct and indirect manufacturing costs. 

Revenue Recognition

Revenue for products is recognized when the sales amount is determined, shipment of goods to the customer has occurred and collection is reasonably assured.

Fair Value Accounting

As required by the Fair Value Measurements and Disclosures Topic of the FASB ASC, fair value is measured based on a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

The three levels of the fair value hierarchy are described below:

Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

  Level 2   Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability;

   Level 3     Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

Recently Adopted and Recently Issued Accounting Guidance

Adopted

In January 2015, the FASB issued ASU 2015-01, “Income Statement – Extraordinary and Unusual Items (Subtopic 225-20),” which eliminates the concept of extraordinary items. The new guidance is effective for fiscal years and interim periods within those years beginning after December15, 2015. The new guidance is to be applied prospectively but may also be applied retrospectively to all prior periods presented in the financial statements. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company has elected to early adopt the provisions of ASU 2015-01 for these interim financial statements.

Recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the American Institute of Certified Public Accountants, and the SEC, did not, or are not believed by management to, have a material impact on the Company's present or future financial position, results of operations or cash flows.

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CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
CONDENSED CONSOLIDATED BALANCE SHEETS [Abstract]
Common stock, par value per share	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	119,320,696	94,032,340
Common stock, shares outstanding	119,320,696	94,032,340

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Fair Value

6 Months Ended

Jun. 30, 2015

Fair Value [Abstract]

Fair Value

Note 11.Fair Value

In accordance with authoritative guidance, the table below sets forth the Company's financial assets and liabilities measured at fair value by level within the fair value hierarchy. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

	Fair Value at June 30, 2015
	Total		Level 1		Level 2		Level 3
Assets:
Fair market value of ACM's net identifiable assets acquired	$	1,589,000	$	-	$	-	$	1,589,000
Intellectual property		2,745,229		-		-		2,745,229
Total	$	4,334,229	$	-	$	-	$	4,334,229
Liabilities:
None	$	-	$	-	$	-	$	-

	Fair Value at December 31, 2014
	Total		Level 1		Level 2		Level 3
Assets:
Fair market value of ACM's net identifiable assets acquired	$	1,589,000	$	-	$	-	$	1,589,000
Intellectual property		2,745,229		-		-		2,745,229
Total	$	4,334,229	$	-	$	-	$	4,334,229
Liabilities:
None	$	-	$	-	$	-	$	-

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Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 19, 2015
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Entity Registrant Name	FIRMA HOLDINGS CORP.
Entity Central Index Key	0001387054
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		119,320,696

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Segment Reporting

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Segment Reporting

Note 12.Segment Reporting

The Company's operating segments are strategic business units that offer different products and services.  For the period ended June 30, 2015, the Company's has three business segments: mining, packaging technology and food manufacturing.  The mining segment consists of gold and industrial metal mining concessions in Mexico; the technology segment consists of the Company's intellectual property related to the “SmartPac” product; and the food manufacturing segment contains the operations of SSL.  The food manufacturing segment became a reportable entity as of June 30, 2015 and was not in existence as of June 30, 2014.

June 30, 2015	Packaging Technology			Mining			Food Manufacturing
Gross loss from external customers	$	-		$	-		$	(76,649)
Exploration expenses		-			(4,625	)		-
Operating, general, and administrative expenses		(65,149	)		(340,533	)		(398,075	)
Compensation expense		-			(84,770	)		(142,067	)
Selling expense		(60,000	)		-			-
Depreciation and amortization		(2,481	)		(109,594	)		(10,345	)
Segment operating loss before taxes and discontinued operations	$	(127,630)		$	(539,522	)	$	(627,136)

June 30, 2014	Packaging Technology			Mining
Gross income from external customers	$	-		$	105,316
Exploration expenses		-			(475,861	)
Operating, general, and administrative expenses		(16,331	)		(447,613	)
Compensation expense		-			(99,945	)
Selling expense		(16,331	)		-
Depreciation and amortization		-			(146,835	)
Segment operating loss before taxes and discontinued operations	$	(32,662)		$	(1,064,938	)

Revenues	June 30, 2015			June 30, 2014
Total consolidated revenues	$	243,064		$	105,316
Profit or Loss
Total loss from reportable segments	$	(1,294,287)		$	(1,097,316)
Other income (loss) from reportable segments		222,881			(17,689	)
Unallocated amounts:
Corporate expenses		(478,273	)		(641,132	)
Gain on discontinued operations		5,978,575			-
Non-controlling interest		6,785			4,902
Net income (loss) attributable to Firma Holdings' shareholders	$	4,435,682		$	(1,751,520)
Assets
Total assets for packaging technology segment	$	3,485,294		$	2,734,040
Total assets for mining segment		6,721,278			7,248,228
Total assets from food manufacturing segment		6,009,322			-
Corporate assets		37,185			137,962
Other unallocated amounts		-			-
Consolidated total	$	16,253,079		$	10,120,230
Liabilities
Accounts payable and accrued expenses packaging technology segment	$	26,993		$	42,457
Accounts payable and accrued expenses mining segment		491,489			2,359,343
Accounts payable and accrued expenses food manufacturing segment		1,145,137			-
Notes payable packaging technology segment		1,799,250			2,000,000
Notes payable mining segment		719,659			11,508
Notes payable food manufacturing segment		2,565,618			-
Corporate accounts payable and accrued expense		1,415,417			898,666
Corporate notes payable		1,691,122			354,119
Consolidated total	$	9,854,685		$	5,666,093

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) [Abstract]
Net sales and revenues	$ 243,064		$ 243,064	$ 105,316
Cost of products sold	319,713		319,713
Gross margin (deficit)	(76,649)		(76,649)	$ 105,316
Exploration expenses	3,928	$ 312,468	4,625	475,861
Sales, general and administrative expenses	929,455	637,162	1,663,183	1,190,422
Net operating loss	(1,010,032)	(949,630)	(1,744,457)	(1,560,967)
Non-operating (loss) income:
Interest income	39,575	12,588	78,133	25,042
Interest expense	$ (24,599)	$ (60,338)	(37,104)	(186,681)
Gain on debt due to extinguishment			148,115	5,000
Gain (loss) on disposal or sale of assets	$ 4,078	$ 3,882	4,078	(50,676)
Other income	383	99	1,557	11,860
Total non-operating income (loss)	19,437	(43,769)	194,779	(195,455)
Loss before income taxes	$ (990,595)	$ (993,399)	$ (1,549,678)	$ (1,756,422)
Income tax provision
Loss before discontinued operations	$ (990,595)	$ (993,399)	$ (1,549,678)	$ (1,756,422)
Gain on discontinued operations of Tara Gold Resources Corp., (including loss on disposal of $19,971), net of tax			5,978,575
Net income (loss)	$ (990,595)	$ (993,399)	4,428,897	$ (1,756,422)
Net loss attributable to non-controlling interest	243	239	6,785	4,902
Net income (loss) attributable to Firma Holdings' shareholders	(990,352)	(993,160)	4,435,682	(1,751,520)
Other comprehensive loss:
Foreign currency translation loss	$ (69,400)	$ (11,427)	(20,148)	$ (15,153)
Unrealized loss on fair value of stock			(180,175)
Total comprehensive income (loss)	$ (1,059,752)	$ (1,004,587)	$ 4,235,359	$ (1,766,673)
Loss before discontinued operations, basic	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.02)
Discontinued operations per share, basic	0.00	0.00	0.06	0.00
Net income (loss) per share, basic	$ (0.01)	$ (0.01)	$ 0.04	$ (0.02)
Weighted average number of shares, basic	100,845,696	81,545,798	99,038,839	81,315,318
Loss before discontinued operations, diluted	$ (0.01)	$ (0.01)	$ (0.01)	$ (0.02)
Discontinued operations per share, diluted	0.00	0.00	0.05	0.00
Net income (loss) per share, diluted	$ (0.01)	$ (0.01)	$ 0.04	$ (0.02)
Weighted average number of shares, diluted	100,845,696	81,545,798	109,488,844	81,315,318

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Notes Payable and Convertible Notes Payable, net

6 Months Ended

Jun. 30, 2015

Notes Payable and Convertible Notes Payable, net [Abstract]

Notes Payable and Convertible Notes Payable, net

Note 6.Notes Payable and Convertible Notes Payable, net

The following table represents the outstanding balance of notes payable.

	June 30, 2015						December 31, 2014
			(Unaudited)
Mining concession (see Note 3)		$		709,623		$		709,623
Notes payable				2,831,653				306,381
Auto loans				-				11,219
Note payable to Corporacion Amermin S.A. de C.V. (“Amermin”)				1,175,122				1,175,122
FreshTec required payments				1,799,250				1,831,250
Convertible notes payable				260,000				260,000
				6,775,648				4,293,595
Less – current portion				(4,214,459	)			(2,123,100	)
Less – current portion convertible notes payable				(260,000	)			(260,000	)
Total – non-current portion		$		2,301,189		$		1,910,495

Material changes to the Company's consolidated notes payable are discussed below:

With the purchase of the SmartPacTM technology, the Company agreed to pay $1,000,000 for rights to the United States, Mexico and Canada and $1,000,000 for the right to the European Union.  These amounts, as amended are due December 2015, early payments are not prohibited.

In association with the acquisition of Sicilian Sun Foods Ltd., LLC and its subsidiary the Company also assumed approximately $1,453,000 in debt due over various times between June 30, 2016 through June 30, 2018.

On May 18, 2015 the Company, through SSL, raised $750,000 through three promissory notes.  The notes are due in September 2015 and can be extended to November 2015 at the option of the Company.  The notes bear interest of 10% per year.

On June 25, 2015, the Company raised $100,000 in short term debt that is due on demand and contains no interest.

During the year ended December 31, 2013 the Company raised $150,000 through the sale of a convertible note. The note was due in February 2014, extended to July 2014 and again extended until July 2015; bears interest of 16% per year and can be converted to the Company's stock at $0.10 per share.The beneficial conversion feature of the note payable was determined to be $120,000 which has been fully accreted to interest expense. Accrued interest expense related to the convertible note was $38,000 as of June 30, 2015.

During 2014 the Company raised $60,000 through the sale of a convertible note. The note was due in May 2014, extended to July 2014 and again extended until July 2015, and can be converted to the Company's stock at $0.10 per share. The beneficial conversion feature of the note payable was determined to be $60,000which has been fully accreted to interest expense. Accrued interest expense related to the convertible note was $17,000 as of June 30, 2015.

During 2014 the Company raised $50,000 through the sale of a convertible note. The note was due in July 2014 but extended to July 2015, and can be converted to the Company's stock at $0.10 per share. The beneficial conversion feature of the note payable was determined to be $34,850 which has been fully accreted to interest expense. Accrued interest expense related to the convertible note was $15,000 as of June 30, 2015.

The remaining notes payable either have not changed during the period ending June 30, 2015.

The five year maturity schedule for notes payable and convertible notes payable, net is presented below:

	2016		2017		2018		2019		2020			Thereafter		Total
Mining concessions	$	174,000	$	-	$	-	$	-	$	-	$		535,623	$	709,623
Note payables		2,241,209		213,080		377,364		-		-			-		2,831,653
Note payable to Corporacion Amermin S.A. de C.V. (“Amermin”)		-		-		-		-		-			1,175,122		1,175,122
FreshTec required payments		1,799,250		-		-		-		-			-		1,799,250
Convertible note payable, net		260,000		-		-		-		-			-		260,000
Total	$	4,474,459	$	213,080	$	377,364	$	-	$	-	$		1,710,745	$	6,775,648

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Note receivable, current

6 Months Ended

Jun. 30, 2015

Note Receivable, current [Abstract]

Note Receivable, current

Note 5.Note Receivable, current

In July 2014, the Company entered into a note receivable with a third party in the packaging technology business segment, where the Company funded a total of $530,500 over several separate fundings July – November 2014.  The note bears stated interest of 20% per annum (360 day year).  The maturity date of the loan was 60th day next following the Company's funding of theloan.  The Company extended the maturity date to December 31, 2015 without additional penalty, but will continue to accrue interest in accordance with the stated rate of 20%.  Interest accrued as of June 30, 2015 was $97,142.

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Inventory (Tables)

6 Months Ended

Jun. 30, 2015

Inventory [Abstract]

Schedule of Inventory

	June 30, 2015		December 31, 2014
	(Unaudited)
Raw materials and packaging	$	283,033	$	-
Finished foods		85,470		-
SSF inventory		368,503		-
Component inventory parts for SmartPacTM		92,414		88,559
	$	460,917	$	88,559

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Acquisition of Sicilian Sun Ltd., LLC and subsidiary

6 Months Ended

Jun. 30, 2015

Acquisition of Sicilian Sun Ltd., LLC and subsidiary [Abstract]

Acquisition of Sicilian Sun Ltd., LLC and subsidiary

Note 13.Acquisition of Sicilian Sun Ltd., LLC and subsidiary

On March 30, 2015 the Company signed an agreement to acquire all outstanding membership units Sicilian Sun Limited, LLC.  The Company subsequently amended the agreement to clarify Exhibit A only; no changes in payment terms were made.The acquisition includes SSL's wholly owned Italian subsidiary, Sicilian Sun Foods s.r.l., and two production facilities located in Alcamo and Catania on the island of Sicily.

The acquisition closed effective April 20, 2015.  The Company calculated the fair value of the business acquisition as follows:

Trade receivables	$	374,554
Inventory		263,013
Tax credits		86,171
Fixed assets		2,979,684
Other assets		5,288
Bank overdraft, net of $2,189 in cash in the U.S. for SSL		(116,520	)
Other assumed liabilities of payables, accrued expenses and loans		(2,233,801	)
Fair market value of net identifiable assets as of April 20, 2015	$	1,358,389
Less:  16,000,000 shares of stock for consideration		(1,600,000	)
Goodwill	$	(241,611	)

Pursuant FASB ASC 805-10-25, the Company remains in the measurement period for one year subsequent to the closing date.  Due to the stock issuance the company recognized a step up of in goodwill of $1,419,118 recognizing total goodwill of $1,660,730.  Finalization of the acquisition accounting, including the finalization of the goodwill and separately identifiable intangible analysis will be completed prior to April 20, 2016.

Included in the purchase agreement are several contingent clauses which, should they occur, would result in the return of shares to the Company (see Exhibit A of the purchase agreement).  Pursuant to FASB ASC 805-30, the changes in the fair value will be recognized in earnings.  As of June 30, 2015 the Company closing stock price was $0.10 the same as the price on the date of close resulting in no change in fair value.

SSL is a Nevada limited liability company, organized on October 9, 2014.  As a result there are no pro forma results as of June 30, 2014 as SSL had not yet been organized.

The following is the pro forma information that discloses the results of operations as though the business combination had been completed as of the beginning of 2015.

	Firma Holdings		Sicilian Sun Ltd., LLC		June 30, 2015
Total current assets	$	1,524,477	$	1,429,609	$	2,954,086
Total assets		10,510,591		5,742,128		16,253,079
Total current liabilities		4,271,467		3,282,029		7,553,496
Total liabilities		6,144,497		3,710,188		9,854,685

	Firma Holdings			Sicilian Sun Ltd., LLC			For the Six Months Ended June 30, 2015
Net sales and revenues	$	-		$	553,964		$	553,694
Cost of products sold		-			457,468			457,468
Gross margin		-			96,496			96,496
Exploration expenses		4,625			-			4,625
Sales, general and administrative expenses		1,274,607			594,753			1,869,360
Net operating loss		(1,279,232	)		(498,257	)		(1,777,489	)
Net, non-operating income (expense)		201,193			54,191			255,384
Discontinued operations		5,978,575			-			5,978,575
Non-controlling interest		6,785			-			6,785
Net income (loss) attributable to shareholders	$	4,907,321		$	(444,066)		$	4,463,255
Loss before discontinued operations, basic	$	(0.01)		$	(0.00)		$	(0.01)
Discontinued operations per share, basic	$	0.06		$	-		$	0.06
Net income (loss) per share, basic	$	0.05		$	(0.00)		$	0.05
Weighted average number of shares, basic		99,038,839			99,038,839			99,038,839
Loss before discontinued operations, diluted	$	(0.01)		$	(0.00)		$	(0.01)
Discontinued operations per share, diluted	$	0.05		$	-		$	0.05
Net income (loss) per share, diluted	$	0.04		$	(0.00)		$	0.04
Weighted average number of shares, diluted		109,488,844			109,488,844			109,488,844

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Options

6 Months Ended

Jun. 30, 2015

Options [Abstract]

Options

Note 9.Options

The Company has the following incentive plans which are registered under a Form S-8:

• Incentive Stock Option Plan
• Nonqualified Stock Option Plan
• Stock Bonus Plan

In February 2007, the Company granted options to a former officer under it Nonqualified Stock Option Plan. The option allow for the purchase of 150,000 shares of common stock at an exercise price of $0.05 per share.These options vested immediately, expire in January 2020 (as extended in January 2015).  In accordance with the Stock Compensation Topic, FASB ASC 718-20-35, the Company has analyzed the cancellation of the award accompanied by the concurrent grant of a replacement award and determined that there was no further incremental compensation cost.

In January 2010, the Company granted options to three of its officers under its Nonqualified Stock Option Plan. The options allow for the purchase of 1,250,000 shares of common stock at an exercise price of $0.05 per share.  These options vested immediately, expire in January 2020 (as extended in January 2015).  In accordance with the Stock Compensation Topic, FASB ASC 718-20-35, the Company has analyzed the cancellation of the award accompanied by the concurrent grant of a replacement award and determined that there was no further incremental compensation cost.

On May 28, 2014 the Company entered into an agreement with FreshTec, Inc. which provides for the Company to acquire technology which can be used for the preservation and protection of fresh fruit, vegetables and flowers during extended periods of shipping and storage. As part of the terms of the agreement the Company provided stock options to FreshTec, Inc. for 1,000,000 shares of the Company's common stock at an exercise price of $0.30 per share, which vest immediate and have a term of 1 year.  The stock options were valued at $186,640 using the Black-Scholes option pricing model.  In May 2015 the options were extended for 1 year.  In accordance with the Stock Compensation Topic, FASB ASC 718-20-35, the Company has analyzed the cancellation of the award accompanied by the concurrent grant of a replacement award and determined that there was no further incremental compensation cost.

On October 28, 2009, Adit adopted the following incentive plans which have not been registered:

• Incentive Stock Option Plan
• Nonqualified Stock Option Plan
• Stock Bonus Plan

There have been no issuances under the Adit plans in 2015.

The fair value of each award discussed above is estimated on the date of grant using the Black-Scholes valuation model that uses the assumptions noted in the following table. Expected volatilities are based on volatilities from the Company's traded common stock. The expected term of the award granted is usually estimated at half of the contractual term as noted in the individual agreements, unless the life is one year or less based upon management's assessment of known factors, and represents the period of time that management anticipates awards granted to be outstanding.The risk-free rate for the periods within the contractual life of the option is based on the U.S. Treasury bond rate in effect at the time of the grant for bonds with maturity dates at the estimated term of the options. Historically the Company has had no forfeitures of options or warrants, therefore, the Company uses a zero forfeiture rate. 

	June 30, 2015			December 31, 2014
Expected volatility		277.069	%		278.03	%
Weighted-average volatility		277.069	%		278.03	%
Expected dividends		0			0
Expected term (in years)		1.00			1.57
Risk-free rate		1.570	%		0.77	%

A summary of option activity under the plans as of June 30, 2015and changes during the period then ended is presented below:

Options	Shares			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at December 31, 2014		5,150,000		$	0.23
Granted		1,000,000			0.30
Exercised		-			-
Forfeited, expired or cancelled		(1,000,000	)		0.30
Outstanding at June 30, 2015		5,150,000		$	0.23		4.0	$	140,000
Exercisable at June 30, 2015		5,150,000		$	0.24		4.0	$	140,000

Non-vested Options	Options			Weighted-Average Grant-Date Fair Value
Non-vested at December 31, 2014		160,000		$	0.18
Granted		1,000,000			0.30
Vested		(1,600,000	)		0.28
Forfeited, expired or cancelled		-			-
Non-vested at June 30, 2015		-		$	0.25

A summary of warrant activity as of June 30, 2015, and changes during the period then ended is presented below:

Warrants	Shares			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term			Aggregate Intrinsic Value
Outstanding at December 31, 2014		15,609,742		$	0.26			$		101,497
Granted		-			-
Exercised		(1,973,333	)		0.20
Forfeited, expired or cancelled		(8,176,404	)		0.20
Outstanding at  June 30, 2015		5,460,005		$	0.17		1.0			$	-
Exercisable at June 30, 2015		5,460,005		$	0.17		1.0			$	-

All warrants vest upon issuance.

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Related Party Transactions

6 Months Ended

Jun. 30, 2015

Related Party Transactions [Abstract]

Related Party Transactions

Note 7.Related Party Transactions

	June 30, 2015		December 31, 2014
	(Unaudited)
Due from related parties	$	103,644		$	104,868

All transactions with related parties have occurred in the normal course of operations. These transactions are primarily in Mexico and are measured at the appropriate foreign exchange amount.

As disclosed with the purchase agreement, which was filed with both the Company's 2014 Form 10-K and March 31, 2015 Form 10-Q, our CEO Francis R. Biscan, Jr. is a major investor in SSL and as such the SSL transaction has elements of a related party transaction.

The following are intercompany transactions that eliminate during the consolidation of these financial statements:

During 2013, Firma Holdings issued Adit six promissory notes for $4,286,663. During 2014, Firma Holdings issued Adit one promissory note for $610,000. As of December 31, 2014, all notes were accumulated into one promissory note; the note is unsecured, bears interest at U.S. prime rate plus 3.25% per year and is due and payable December 31, 2015. As of June 30, 2015 Firma Holdings owed Adit $5,809,853 in interest and principal.  This intercompany transaction has been eliminated in consolidation.

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Stockholders' Equity

6 Months Ended

Jun. 30, 2015

Stockholders' Equity [Abstract]

Stockholders' Equity

Note 8.Stockholders' Equity

December 2014 – January 2015, the Company sold 3,839,394 common shares in a private offering for $767,879 in cash, or $0.20 per unit.  These shares were issued in February 2015.

In December 2014, the Company granted all subscribers from the 2014 $0.30 and $0.20 offerings warrants equal to their original subscription with a strike price of $0.20 per share.  As of December 31, 2014 warrants representing 1,000,629 shares of common stock were exercised for $200,126; as of January 31, 2015 additional warrants representing 1,973,333 shares of common stock were exercised for $394,666.  These shares were issued in February 2015. The warrant offering expired on January 31, 2015 resulting in 8,176,404 warrants expiring.

In February 2015, the Company entered into a separation agreement with a former employee converting all accrued payroll of $100,899 to 10 shares of common stock.  These shares have not been issued.

In March and April 2015, the Company sold 2,475,000 common shares in a private offering for $495,000 in cash, or $0.20 per unit.  These shares were issued in June 2015.

As discussed in Note 13, effective April 20, 2015 the Company closed on its acquisition of Sicilian Sun Ltd, LLC and its subsidiary, issuing 16,000,000 of common stock in accordance with Exhibit A of that purchase agreement.  The closing stock price on April 20, 2015 was $0.10 and the share where valued at $1,600,000.

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Non-controlling Interest

6 Months Ended

Jun. 30, 2015

Non-controlling Interest [Abstract]

Non-controlling Interest

Note 10.Non-controlling Interest

All non-controlling interest of the Company is a result of the Company's subsidiaries stock movement and results of operations.  Cumulative results of these activities results in:

	June 30, 2015			December 31, 2014
	(Unaudited)
Common stock for cash	$	1,999,501		$	1,999,501
Common stock for services		95,215			95,215
Exploration expenses paid for in subsidiary common stock		240,000			240,000
Stock based compensation		1,374,880			1,374,880
Cumulative net loss attributable to non-controlling interest		(32,480	)		(25,695	)
Treasury stock		(500,000	)		(500,000	)
Tara Gold equity		-			5,706,096
Other		6			6
Total non-controlling interest	$	3,177,122		$	8,890,003

A summary of activity as of June 30, 2015and changes during the period then ended is presented below:

Non-controlling interest at December 31, 2014	$	8,890,003
Net loss attributable to non-controlling interest		(6,785	)
Tara Gold equity		(5,706,096	)
Non-controlling interest at June 30, 2015	$	3,177,122

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Property, Plant, Equipment, Mine development and Land, net (Schedule of Property, Plant, Equipment, Mine Development, and Land, net) (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property, plant, equipment, mine development, land and construction in progress	$ 10,215,762	$ 7,318,316
Less - accumulated depreciation	(1,348,310)	(1,210,875)
Property, plant, equipment, mine development, land and construction in progress, net, total	8,867,452	6,107,441
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant, equipment, mine development, land and construction in progress	19,590	19,590
Pilar [Member]
Property, Plant and Equipment [Line Items]
Property, plant, equipment, mine development, land and construction in progress	710,172	710,172
Don Roman [Member]
Property, Plant and Equipment [Line Items]
Property, plant, equipment, mine development, land and construction in progress	521,739	521,739
Las Nuvias [Member]
Property, Plant and Equipment [Line Items]
Property, plant, equipment, mine development, land and construction in progress	100,000	100,000
Centenario [Member]
Property, Plant and Equipment [Line Items]
Property, plant, equipment, mine development, land and construction in progress	635,571	635,571
La Palma [Member]
Property, Plant and Equipment [Line Items]
Property, plant, equipment, mine development, land and construction in progress	80,000	80,000
La Verde [Member]
Property, Plant and Equipment [Line Items]
Property, plant, equipment, mine development, land and construction in progress	60,000	60,000
Picacho [Member]
Property, Plant and Equipment [Line Items]
Property, plant, equipment, mine development, land and construction in progress	1,571,093	1,571,093
Mining Concessions [Member]
Property, Plant and Equipment [Line Items]
Property, plant, equipment, mine development, land and construction in progress	3,678,575	3,678,575
Property, Plant and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant, equipment, mine development, land and construction in progress	$ 6,517,597	$ 3,620,151

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Segment Reporting (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	May. 28, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Gross profit		$ (76,649)		$ (76,649)	$ 105,316
Compensation expense	$ 186,640
Segment operating loss before taxes and discontinued operations		$ (990,595)	$ (993,399)	(1,549,678)	(1,756,422)
Revenues
Total revenue				243,064	$ 105,316
Unallocated amounts:
Gain on discontinued operations				5,978,575
Net income attributable to Firma Holdings' shareholders		$ (990,352)	$ (993,160)	4,435,682	$ (1,751,520)
Assets
Total assets		16,253,079	10,120,230	16,253,079	10,120,230	$ 11,003,781
Liabilities
Liabilities		9,854,685	5,666,093	$ 9,854,685	$ 5,666,093	$ 5,974,003
Packaging Technology [Member]
Segment Reporting Information [Line Items]
Gross profit
Exploration expenses
Operating, general, and administrative expenses				$ (65,149)	$ (16,331)
Compensation expense
Selling expense				$ (60,000)	$ (16,331)
Depreciation and amortization				(2,481)
Segment operating loss before taxes and discontinued operations				(127,630)	$ (32,662)
Assets
Total assets		3,485,294	2,734,040	3,485,294	2,734,040
Liabilities
Accounts payable and accrued expenses		26,993	42,457	26,993	42,457
Notes payable		1,799,250	2,000,000	$ 1,799,250	2,000,000
Mining [Member]
Segment Reporting Information [Line Items]
Gross profit					105,316
Exploration expenses				$ (4,625)	(475,861)
Operating, general, and administrative expenses				(340,533)	(447,613)
Compensation expense				$ (84,770)	$ (99,945)
Selling expense
Depreciation and amortization				$ (109,594)	$ (146,835)
Segment operating loss before taxes and discontinued operations				(539,522)	(1,064,938)
Assets
Total assets		6,721,278	7,248,228	6,721,278	7,248,228
Liabilities
Accounts payable and accrued expenses		491,489	2,359,343	491,489	2,359,343
Notes payable		719,659	11,508	719,659	11,508
Corporate [Member]
Assets
Total assets		37,185	137,962	37,185	137,962
Liabilities
Accounts payable and accrued expenses		1,415,417	898,666	1,415,417	898,666
Notes payable		1,691,122	354,119	1,691,122	354,119
Reportable Segments [Member]
Profit or Loss
Profit or loss				(1,294,287)	(1,097,316)
Elimination of intercompany expense				222,881	(17,689)
Unallocated amounts:
Corporate expenses				(478,273)	$ (641,132)
Gain on discontinued operations				5,978,575
Non-controlling interest		$ 6,785	$ 4,902	6,785	$ 4,902
Net income attributable to Firma Holdings' shareholders				$ 4,435,682	$ (1,751,520)
Other [Member]
Assets
Other unallocated amounts
Food Manufacturing [Member]
Segment Reporting Information [Line Items]
Gross profit				$ (76,649)
Operating, general, and administrative expenses				(398,075)
Compensation expense				$ (142,067)
Selling expense
Depreciation and amortization				$ (10,345)
Segment operating loss before taxes and discontinued operations				(627,136)
Assets
Total assets		$ 6,009,322		6,009,322
Liabilities
Accounts payable and accrued expenses		1,145,137		1,145,137
Notes payable		$ 2,565,618		$ 2,565,618

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Nature of Business and Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2015

Nature of Business and Significant Accounting Policies [Abstract]

Nature of business and principles of consolidation

Nature of business and principles of consolidation:

The accompanying Condensed Consolidated Financial Statements of Firma Holdings Corp. (“Firma Holdings” or the “Company”) should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 2014. Significant accounting policies disclosed therein have not changed, except as noted below.

Firma Holdings, incorporated in Nevada on May 12, 2006, formerly a subsidiary of Tara Gold Resources Corp. (“Tara Gold”), consists of three business segments: mining, packaging technology and food manufacturing.

Our mining business segment explores and develops mining properties which may be productive of gold, silver, copper, lead, zinc, iron, industrial metals, and other associated metals.  This segment is in the exploration stage.

Tara Gold, which historically engaged in the exploration and development of mining properties in Mexico, divested its ownership in Firma Holdings in February 2015 by distributing out its ownership in Firma Holdings to its shareholders. 

In 2006 Tara Gold, formed Firma Holdings when it determined that some investors, prefer lead, zinc and silver projects, rather than gold and silver projects, and that capital may be easier to obtain by separating gold properties from industrial metal properties. Although this was Tara Gold's intention when it formed Firma Holdings, Firma Holdings nevertheless has interests in properties which may be productive of gold or silver.  Firma Holdings formed Adit Resources Corp. (“Adit”) in 2009 to hold the Picacho Groupings and to finance the exploration and development of the Picacho Groupings solely from the sale of Adit's securities. Adit in turns owns 99.99% of American Copper Mining, S.A. de C.V. (“ACM”). Firma Holdings owns 99.9% of the common stock of American Metal Mining S.A. de C.V. (“AMM”), a Mexican corporation and 87% of the common stock of Adit. Firma Holdings' operations in Mexico are conducted through AMM and ACM, since Mexican law provides that only Mexican corporations are allowed to own mining properties.

Our technology business segment owns the “SmartPac” technology.  Purchased in May 2014, this technology can be used for the preservation and protection of fresh fruit, vegetables and flowers during extended periods of shipping and storage. The technology is comprised of patents, trademarks and other intellectual property pertaining to systems and methods for packaging bulk quantities of fresh produce and flowers incorporating modified atmosphere packaging.

Our food manufacturing business segment consists of the 2015 acquisition of Sicilian Sun Limited, LLC (“SSL”), and it'swholly owned Italian subsidiary, Sicilian Sun Foods s.r.l. (“SSF”), and two production facilities located in Alcamo and Catania on the island of Sicily.  This business segment specializes in the manufacturing of three product categories: baked goods, frozen desserts, and semi-finished products made from natural ingredients. These products include assorted pastries, ricotta cannoli, as well as cakes, breads, rice balls, croissants, and a variety of other frozen and packaged items. Frozen desserts include gelato, tartufi, mousse, sorbets Italian ices and other frozen treats. Many of the products use proprietary formulas.

The consolidated financial statements include the accounts of the Company and its subsidiaries.  Variable interest entities (“VIE”) over which control is achieved through means other than voting rights and where the Company is considered the primary beneficiary are included in our consolidated financial statements in those periods in which this applies.  When the Company is the primary beneficiary of the VIE, the Company consolidates the entity if control is achieved through means other than voting rights such as control of the Board, certain treasury activities, certain capital structures and contractual relationships.  EffectiveFebruary 2015, the Company no longer considered Tara Gold a VIE as defined above and has presented transactions related to Tara Gold as discontinued operations in these financial statements.  At June 30, 2014 (the comparable prior period for the statement of operations) the Company had no joint ventures or VIEs.

The accompanying condensed consolidated financial statements and the related footnote information are unaudited.In the opinion of management, they include all normal recurring adjustments necessary for a fair presentation of the condensed consolidated balance sheets of the Company as of June 30, 2015and December 31, 2014, the condensed consolidated results of its operations for the three and six months ended June 30 2015 and 2014, and cash flows for the six months ended June 30, 2015 and 2014. Results of operations reported for interim periods are not necessarily indicative of results for the entire year.

The condensed consolidated financial statements include the financial statements of the Company and its subsidiaries. All amounts are in U.S. dollars unless otherwise indicated. All significant inter-company balances and transactions have been eliminated in consolidation.

The reporting currency of the Company, Adit and SSL is the U.S. dollar.  The functional currency of AMM and ACM is the Mexican Peso and the functional currency of SSF is the Euro. As a result, the financial statements of these subsidiaries have been re-measured from Mexican pesos or the Euro into U.S. dollars using (i) current exchange rates for monetary asset and liability accounts, (ii) historical exchange rates for non-monetary asset and liability accounts, (iii) historical exchange rates for revenues and expenses associated with non-monetary assets and liabilities, and (iv) the weighted average exchange rate of the reporting period for all other revenues and expenses. In addition, foreign currency transaction gains and losses resulting from U.S. dollar denominated transactions are eliminated. The resulting re-measurement gain (loss) is recorded to other comprehensive gain (loss).

Current and historical exchange rates are not indicative of what future exchange rates will be and should not be construed as such.

Relevant exchange rates used in the preparation of the financial statements for AMM, ACM and SSF are as follows for the six months ended June 30, 2015 and 2014.Mexican pesos per one U.S. dollar or the U.S. dollar per one Euro:

	June 30, 2015 (unaudited)
Current exchange rate	Ps.	15.6599	EU	1.1094
Weighted average exchange rate for the six months ended	Ps.	14.7990	EU	1.1026

	June 30, 2014 (unaudited)
Current exchange rate	Ps.	13.0002
Weighted average exchange rate for the six months ended	Ps.	13.1171

Reclassifications

Reclassifications

Certain reclassifications, which have no effect on net loss, have been made in the prior period financial statements to conform to the current year presentation.  Specifically inventory has been stated apart from other current assets.

Estimates

Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management routinely makes judgments on historical experience and various other factors that are believed to be reasonable under the circumstances. Actual results could differ from those estimates.

Recoverable Value-Added Taxes (IVA) and Allowance for Doubtful Accounts

Recoverable Value-Added Taxes (IVA) and Allowance for Doubtful Accounts

Impuesto al Valor Agregado taxes (IVA) are recoverable value-added taxes charged by the Mexican government on goods sold and services rendered at a rate of 16%.  Under certain circumstances, these taxes are recoverable by filing a tax return and as determined by the Mexican taxing authority. Our allowance in association with our receivable from IVA from our Mexico subsidiary is based on our determination that the Mexican government may not allow the complete refund of these taxes.

Each period, receivables are reviewed for collectability.  When a receivable has doubtful collectability we allow for the receivable until we are either assured of collection (and reverse the allowance) or assured that a write-off is necessary. 

	June 30, 2015		December 31, 2014
	(Unaudited)
Allowance – recoverable value-added taxes	$	1,353,509	$	1,436,115
Allowance – other receivables		385,468		426,853
Total	$	1,738,977	$	1,862,968

Bad debt (recovery) expense was $4,713 and $51,968 atJune 30, 2015 and 2014, respectively.

AMM received refunds of $2,729and $40,489 for IVA taxes as of June 30, 2015 and 2014, respectively.

Inventories

Inventories

Inventories are stated at the lower of cost, determined on a first-in, first-out basis (“FIFO”), or market, including direct material costs and direct and indirect manufacturing costs. 

Revenue Recognition

Revenue Recognition

Revenue for products is recognized when the sales amount is determined, shipment of goods to the customer has occurred and collection is reasonably assured.

Fair Value Accounting

Fair Value Accounting

As required by the Fair Value Measurements and Disclosures Topic of the FASB ASC, fair value is measured based on a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

The three levels of the fair value hierarchy are described below:

Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

  Level 2   Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability;

   Level 3     Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).

Recently Adopted and Recently Issued Accounting Guidance

Recently Adopted and Recently Issued Accounting Guidance

Adopted

In January 2015, the FASB issued ASU 2015-01, “Income Statement – Extraordinary and Unusual Items (Subtopic 225-20),” which eliminates the concept of extraordinary items. The new guidance is effective for fiscal years and interim periods within those years beginning after December15, 2015. The new guidance is to be applied prospectively but may also be applied retrospectively to all prior periods presented in the financial statements. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The Company has elected to early adopt the provisions of ASU 2015-01 for these interim financial statements.

Recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the American Institute of Certified Public Accountants, and the SEC, did not, or are not believed by management to, have a material impact on the Company's present or future financial position, results of operations or cash flows.

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Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2015

Related Party Transactions [Abstract]

Schedule of Related Party Transactions

	June 30, 2015		December 31, 2014
	(Unaudited)
Due from related parties	$	103,644		$	104,868

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Non-controlling Interest (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Non-controlling Interest [Line Items]
Common stock for cash	$ 1,999,501		$ 1,999,501
Common stock for services	95,215		95,215
Exploration expenses paid for in subsidiary common stock	240,000		240,000
Stock based compensation	1,374,880		1,374,880
Cumulative net loss attributable to non-controlling interest	(32,480)		(25,695)
Treasury stock	(500,000)		(500,000)
Net income attributable to non-controlling interest	$ (6,785)	$ (4,902)
Tara Gold equity			(5,706,096)
Other	$ 6		6
Total non-controlling interest	3,177,122		8,890,003
Non-controlling interest	$ 3,177,122		$ 8,890,003

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Notes Payable and Convertible Notes Payable, net (Five Year Maturity Schedule for Notes Payable) (Details)	Jun. 30, 2015 USD ($)
Debt Instrument [Line Items]
2016	$ 4,474,459
2017	213,080
2018	$ 377,364
2019
2020
Thereafter	$ 1,710,745
Total	6,775,648
Mining Concessions [Member]
Debt Instrument [Line Items]
2016	$ 174,000
2017
2018
2019
2020
Thereafter	$ 535,623
Total	709,623
Notes Payable [Member]
Debt Instrument [Line Items]
2016	2,241,209
2017	213,080
2018	$ 377,364
2019
2020
Thereafter
Total	$ 2,831,653
Note payable to Corporacion Amermin S.A. de C.V. ("Amermin") [Member]
Debt Instrument [Line Items]
2016
2017
2018
2019
2020
Thereafter	$ 1,175,122
Total	1,175,122
FreshTec required payments [Member]
Debt Instrument [Line Items]
2016	$ 1,799,250
2017
2018
2019
2020
Thereafter
Total	$ 1,799,250
Convertible note payable, net [Member]
Debt Instrument [Line Items]
2016	$ 260,000
2017
2018
2019
2020
Thereafter
Total	$ 260,000

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Parenthetical)	6 Months Ended
	Jun. 30, 2015 USD ($)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) [Abstract]
Loss on disposal	$ 19,971

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Assets Held for Disposal, net

6 Months Ended

Jun. 30, 2015

Assets Held for Disposal, net [Abstract]

Assets Held for Disposal, net

Note 4.Assets Held for Disposal, net

In February 2015, the Company sold all concessions in the Dixie Mining District for $450,000 plus the assumption of certain payables related to business conducted in Idaho.  As such, the property was reclassified from assets held for sale to other receivables.

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Options (Tables)

6 Months Ended

Jun. 30, 2015

Options [Abstract]

Summary of Fair Value Assumptions

	June 30, 2015			December 31, 2014
Expected volatility		277.069	%		278.03	%
Weighted-average volatility		277.069	%		278.03	%
Expected dividends		0			0
Expected term (in years)		1.00			1.57
Risk-free rate		1.570	%		0.77	%

Summary of Option Activity

Options	Shares			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at December 31, 2014		5,150,000		$	0.23
Granted		1,000,000			0.30
Exercised		-			-
Forfeited, expired or cancelled		(1,000,000	)		0.30
Outstanding at June 30, 2015		5,150,000		$	0.23		4.0	$	140,000
Exercisable at June 30, 2015		5,150,000		$	0.24		4.0	$	140,000

Non-vested Options	Options			Weighted-Average Grant-Date Fair Value
Non-vested at December 31, 2014		160,000		$	0.18
Granted		1,000,000			0.30
Vested		(1,600,000	)		0.28
Forfeited, expired or cancelled		-			-
Non-vested at June 30, 2015		-		$	0.25

Summary of Warrant Activity

Warrants	Shares			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term			Aggregate Intrinsic Value
Outstanding at December 31, 2014		15,609,742		$	0.26			$		101,497
Granted		-			-
Exercised		(1,973,333	)		0.20
Forfeited, expired or cancelled		(8,176,404	)		0.20
Outstanding at  June 30, 2015		5,460,005		$	0.17		1.0			$	-
Exercisable at June 30, 2015		5,460,005		$	0.17		1.0			$	-

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Note receivable, current (Details) - USD ($)	1 Months Ended	6 Months Ended
	May. 18, 2015	Jun. 30, 2015
Note Receivable, current [Abstract]
Note receivable agreement		$ 530,500
Interest rate	10.00%	20.00%
Debt instrument, maturity date	Sep. 30, 2015	Dec. 31, 2015
Accrued interest		$ 97,142

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Subsequent Events

6 Months Ended

Jun. 30, 2015

Subsequent Events [Abstract]

Subsequent Events

Note 14.Subsequent Events

As of August 17, 2015, management is in discussions with the note holder of the three convertible notes discussed in Note 6 to obtain extensions.