Company: TGNT
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001477932-25-002496
Chunk: 318

Company: Totaligent, Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 3
Chunk 318
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 fair value of the derivative liability using the Monte Carlo method to determine whether the derivative liability recorded by the Company was reasonable.   

We have served as the Company’s auditor since 2024.  Astra Audit & Advisory, LLC Tampa, Florida  April 7, 2025  

 F-2Table of Contents

TOTALIGENT, INC.(Formerly Alltemp, Inc.)AND SUBSIDIARYCONSOLIDATED BALANCE SHEETS  December 31, 2024  December 31, 2023                       ASSETS             Current assets      Cash $22,128  $167,735 Prepaid expenses  6,452   190,213 Total current assets  28,580   357,948          Property and equipment, net  66,354   89,544 Capitalized software  127,991   39,308 Total assets $222,925  $486,800                    LIABILITIES AND STOCKHOLDERS' DEFICIT                 Current liabilities        Accounts payable $7,000  $- Accrued compensation  988,697   655,395 Accrued interest  125,090   77,876 Convertible notes payable, net of unamortized discount of $0 and $6,467  681,335   514,363 Derivative liability  158,055   149,182 Total current liabilities  1,960,177   1,396,816          Total liabilities  1,960,177   1,396,816          Commitments and contingencies (Note 7)                 Stockholders' deficit        Preferred stock, $0.01 par value; authorized –10,000,000 shares;        Series D Convertible Preferred stock, authorized –1,000,000 shares; issued and outstanding – 713,750 and 603,750 shares at December 31, 2024 and 2023, respectively  7,138   6,038 Common stock, $0.001 par value; authorized – 500,000,000 shares; 211,101,313 shares issued and 172,913,813 outstanding   211,101   211,101 Shares to be issued  5,