Company: TGNT
Filing Date: 2025-05-16
Form Type: 10-Q
Source: 0001477932-25-003912
Chunk: 82

Company: Totaligent, Inc.
Filing Date: 2025-05-16
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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 31,  December 31,   2025  2024 Software development costs $136,425  $127,991    136,425   127,991 Less: Accumulated amortization  -   - Intangible assets - net $136,425  $127,991  The Company has incurred costs for software development. The software reached technological feasibility on May 23, 2023. As such the Company capitalized $127,991 in software development costs through the year ended December 31, 2024 and an additional $8,434 in costs during the three months ended March 31, 2025. The Company will begin amortizing the asset once it reaches the stage of intended-use. 

 F-12Table of Contents

5. Convertible notes payable    The following table details the Company’s convertible notes payable as of March 31, 2025 and December 31, 2024, respectively:                Principal Balance as of Ref No.    Date of Note  Original Principal      Interest  March 31,  December 31,      Issuance Balance  Maturity Date Rate %  2025  2024  1  */*** 6/16/2021 $20,000  12/16/2022  10  $20,000  $20,000  2  */*** 6/17/2021  50,000  12/17/2021  10   50,000   50,000  3  */*** 6/18/2021  50,000  12/18/2021  10   50,000   50,000  4  */*** 7/2/2021  16,000  1/2/2022  10   16,000   16,000  5  */*** 8/4/2021  7,000  2/4/2022  10   7,000   7,000  6  */*** 8/16/2021  54,360  2/16/2022  10   54,360   54,360