Company: TGNT
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001477932-25-002496
Chunk: 194

Company: Totaligent, Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1B
Chunk 194
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2023:   December 31,  December 31,   2024  2023 Software development costs $127,991  $39,308    127,991   39,308 Less: Accumulated amortization  -   - Intangible assets - net $127,991  $39,308  The Company has incurred costs for software development. The software reached technological feasibility on May 23, 2023. As such the Company capitalized $39,308 in software development costs for the year ended December 31, 2023 and an additional $88,683 in costs during the year ended December 31, 2024. The Company will begin amortizing the asset once it reaches the stage of intended-use. 

 F-13Table of Contents

5. Convertible notes payable    The following table details the Company’s convertible notes payable as of December 31, 2024 and 2023, respectively:            Principal Balance as of  Ref No.   Date of Note  Original Principal     Interest  December 31,  December 31,     Issuance Balance  Maturity Date Rate %  2024  2023  1  */*** 6/16/2021 $20,000  12/16/2021  10  $20,000  $20,000  2  */*** 6/17/2021  50,000  12/17/2021  10   50,000   50,000  3  */*** 6/18/2021  50,000  12/18/2021  10   50,000   50,000  4  */*** 7/2/2021  16,000  1/2/2022  10   16,000   16,000  5  */*** 8/4/2021  7,000  2/4/2022  10   7,000   7,000  6  */*** 8/16/2021  54,360  2/16/2022  10   54,360   54