Company: TGNT
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001477932-25-002496
Chunk: 598

Company: Totaligent, Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 8
Chunk 598
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TOTALIGENT, INC. 

CONSOLIDATED FINANCIAL STATEMENTS 

December 31, 2024 and 2023

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

Report of Independent Registered Public Accounting Firm (PCAOB ID # 6920) F-1     Consolidated Balance Sheets as of December 31, 2024 and 2023 F-3   Consolidated Statements of Operations for the Years Ended December 31, 2024 and 2023 F-4   Consolidated Statements of Stockholder’s Deficit for the Years Ended December 31, 2024 and 2023 F-4   Consolidated Statements of Cash Flows for the Years Ended December 31, 2024 and 2023 F-6   Notes to Consolidated Financial Statements F-7 

 33Table of Contents

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of 

Totaligent, Inc. 

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheet of Totaligent, Inc.  (the “Company”) as of December 31, 2024 and 2023, and the related consolidated statements of operations, changes in stockholders’ deficit and cash flows for the two-year period ended December 31, 2024, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America.

Substantial Doubt about the Company’s Ability to Continue as a Going Concern

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2, the Company has negative working capital and has sustained operating losses since inception.  These factors, and the need for additional financing in order for the Company to meet its business plans raises substantial doubt about the Company’s ability to continue as a going concern. Our opinion is not modified with respect to that matter.

Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audit.