Company: TGNT
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001477932-25-002496
Chunk: 445

Company: Totaligent, Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 6
Chunk 445
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 applicable.

 29Table of Contents

Fiscal Year 2024 Results of Operations Compared with Fiscal Year 2023 

TOTALIGENT, INC.(Formerly Alltemp, Inc.)AND SUBSIDIARYCONSOLIDATED STATEMENTS OF OPERATIONS   For the Years Ended     December 31,     2024    2023         Revenue $444,529  $731,679          Cost of revenue  401,461   481,335          Gross profit (loss)  43,068   250,344          Operating expenses:        Consulting expenses  352,905   119,655 Personnel expenses  378,000   378,000 General and administrative  196,844   106,647 Total operating expenses  927,749   604,302          Net operating loss  (884,681 )  (353,958 )         Other income (expense)        Interest expense  (47,215 )  (35,122 )Amortization of debt discount  (6,467 )  (19,908 )Loss on settlement of debt  -   (11,765 )(Loss) gain on change in fair value of derivative liability  (8,873 )  38,759 Loss on sale of property and equipment  -   (20,176 )Total other income (expense)  (62,555 )  (48,212 )         Loss before income taxes  (947,236 )  (402,170 )         Provision for income tax  -   -          Net loss $(947,236 ) $(402,170 )         Loss per share - basic and diluted $(0.00 ) $(0.00 )         Weighted average shares outstanding - basic and diluted  211,101,313   141,192,451 

 30Table of Contents

For the years ended December 31, 2024 and 2023, the Company generated total revenues of $444,529 and $731,679, respectively, and gross profits of $43,068 and $250,344, respectively. This decrease in revenues and profitability in 2024 was primarily driven by the allocating more internal resources and capital to finalize the development and deployment of its