Company: TGNT
Filing Date: 2025-04-09
Form Type: 10-K/A
Source: 0001477932-25-002538
Chunk: 57

Company: Totaligent, Inc.
Filing Date: 2025-04-09
Form: 10-K/A
Chunk 57
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urcation.

#### 6. Derivative liabilities
Embedded derivatives

The Company’s convertible promissory notes gave rise to derivative financial instruments. The notes embodied certain terms and conditions that were not clearly and closely related to the host debt agreement in terms of economic risks and characteristics. These terms and features consist of the embedded conversion option.

The following tables summarize the components of the Company’s derivative liabilities and linked common shares as of December 31, 2024 and 2023 and the amounts that were reflected in income related to derivatives for the period ended:

|                                                                |     | December 31, 2024 |            |     |             |         |
|:---------------------------------------------------------------|:----|:------------------|-----------:|:----|:------------|--------:|
| The financings giving rise to derivative financial instruments |     | Indexed Shares    |            |     | Fair Values |         |
| Embedded derivatives                                           |     |                   | 35,592,281 |     | $           | 158,055 |
| Total                                                          |     |                   | 35,592,281 |     | $           | 158,055 |

|                                                                |     | December 31, 2023 |            |     |             |         |
|:---------------------------------------------------------------|:----|:------------------|-----------:|:----|:------------|--------:|
| The financings giving rise to derivative financial instruments |     | Indexed Shares    |            |     | Fair Values |         |
| Embedded derivatives                                           |     |                   | 45,221,645 |     | $           | 149,182 |
| Total                                                          |     |                   | 45,221,645 |     | $           | 149,182 |

| F-15 |

The following table summarizes the effects on the Company’s gain (loss) associated with changes in the fair values of the derivative financial instruments by type of financing for the years ended December 31, 2024 and 2023:

|                                |     | For the Years Ended 
 December 31, 2024   |        |   |     | December 31, 2023 |        |
|:-------------------------------|:----|:--------------------|:-------|:--|:----|:------------------|-------:|
| Embedded derivatives           |     | $                   | (8,873 | ) |     | $                 | 38,759 |
| Loss on issuance of derivative |     |                     | —      |   |