Company: TGNT
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001477932-25-005790
Chunk: 139

Company: Totaligent, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part II, Item 8
Chunk 139
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 a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. These unaudited consolidated financial statements do not include any adjustments relating to the recovery of the recorded assets or the classifications of the liabilities that might be necessary should the Company be unable to continue as a going concern. 

Capital Resources

To date, our operations have been funded primarily through private investors. Some of these investors have verbally committed additional funding for the Company, as needed. The Company has also had discussions with broker-dealers and lenders regarding funding required to execute the Company’s business plan. 

Material Cash Requirements

Our material short-term cash requirements include recurring payroll and benefits obligations for our employees, capital, operating expenditures, software development payments and other working capital needs. We believe that material cash requirements for operating expenditures may range from $100,000 per month to $200,000 per during the twelve months.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition.

Cash Flow 

The following table provides detailed information about our net cash flow for the six months ended June 30, 2025 and 2024:

  Six months Ended June 30,   2025  2024 Net change in operating activities $(174,268 ) $(104,403 )Net cash (used in) provided by investing activities  (15,234 )  (41,700 )Net cash provided by financing activities  230,000   - Net change in cash and cash equivalents  40,498   (146,103 )Cash and cash equivalents at beginning of period  22,128   167,735 Cash and cash equivalent at end of period $62,626  $21,632 

Net cash used in operating activities for the six months ended June 30, 2025 was $174,268 compared to $104,403 for the six months ended June 30, 2024. This difference primarily related to a decrease in depreciation expense in the amount of ($3,568), a decrease in the amortization of debt discount in the amount of ($6,467), a decrease in the change in prepaid expenses in the amount of ($775), a decrease in the change of accounts payable in the amount of $7,000, a decrease in the change in accrued compensation in the amount of $149,301 offset by