Company: TGNT
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001477932-25-008363
Chunk: 51

Company: Totaligent, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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2024. Additionally, in the prior period the Company paid stock based compensation to consultants totaling $300,000 and there were none in the current period.

Other expenses went from $107,903 for the nine months ended September 30, 2024 to $40,087 for the nine months ended September 30, 2025. The primary reason for the difference is the Company recorded income of $19,170 related to securities received, recorded income of $70,830 resulting from the change in fair value of the securities, offset by a loss on disposal of assets of $18,327.

We had a net loss of $490,889 for the nine months ended September 30, 2025 compared to a net loss of $834,715 for the nine months ended September 30, 2024. The net loss for the nine months ended September 30, 2025 included a deemed contribution in the amount of $153,222 the conversion of Series D Preferred Stock. The primary reason for the decrease in net loss was related to the decrease in operating expenses which was primarily a result of employment agreements expiring on December 31, 2024. Additionally, in the prior period the Company paid stock based compensation to consultants totaling $300,000 and there were none in the current period.

Three Months Ended September 30, 2025 compared to the Three Months Ended September 30, 2024

For the three months ended September 30, 2025 and 2024, the Company had total revenues of $2,248 and $29,990, respectively, and gross profit (loss) of $2,248 and ($889), respectively. The Company’s volume of sales decreased in the three months ended September 30, 2025 when compared to the three months ended September 30, 2024 primarily due to a decrease in managed campaign activity.

Cost of goods sold for the three months ended September 30, 2025 and 2024 were $0 and $30,879, respectively. Cost of goods sold consists primarily of costs associated with outsourcing certain campaign activities. The decrease in cost of goods sold for the three months ended September 30, 2025 when compared to the three months ended September 30, 2024 was primarily due to the corresponding decrease in revenues.

The Company’s operating expenses decreased from $457,615 for the three months ended September 30, 2024 to $117,300 for the three months ended September 30,