Company: TGNT
Filing Date: 2025-05-07
Form Type: S-1/A
Source: 0001477932-25-003416
Chunk: 98

Company: Totaligent, Inc.
Filing Date: 2025-05-07
Form: S-1/A
Chunk 98
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, |     | 2023 | December 31, |
|:-------------------------------|:----|:-----|-------------:|:----|:-----|-------------:|
| 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 $ in software development costs for the year ended December 31, 2023 and an additional $ 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-14 |

5. Convertible notes payable

The following table details the Company’s convertible notes payable as of December 31, 2024 and 2023, respectively:

|     | Ref No. |     |       |     | Issuance                  | Date of Note | Balance | Original Principal |     | Maturity Date |     | Rate % | Interest |     | Principal Balance as of 
 2024                    | December 31, |     | 2023 | December 31, |   |
|:----|--------:|:----|:------|:----|:--------------------------|:-------------|:--------|-------------------:|:----|:--------------|:----|:-------|---------:|:----|:------------------------|-------------:|:----|:-----|-------------:|:--|
|     |       1 |     | */*** |     | 6/16/2021                 |              | $       |             20,000 |     | 12/16/2021    |     |        |       10 |     | $                       |       20,000 |     | $    |       20,000 |   |
|     |       2 |     | */*** |     | 6/17/2021                 |              |         |             50,000 |     | 12/17/2021