Company: TGNT
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001477932-25-005790
Chunk: 87

Company: Totaligent, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 87
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 recognition, primarily upon performing the set up on content creation and monthly for the management fees. Advertising Costs The Company expenses advertising costs when advertisements occur. During the six months ended June 30, 2025 and 2024, the Company recorded $3,536 and $388 in advertising, respectively. During the three months ended June 30, 2025 and 2024, the Company recorded $2,036 and $7 in advertising, respectively. Advertising expenses are included in general and administrative expenses in the unaudited consolidated statements of operations.  Stock-based compensation The cost of equity instruments issued to employees and non-employees in return for goods and services is measured by the grant date fair value of the equity instruments issued in accordance with ASC 718, Compensation – Stock Compensation. The related expense is recognized as services are rendered or vesting periods elapse.

 F-11Table of Contents

Net loss per share calculation Basic earnings (loss) per common share (“EPS”) is computed by dividing net income (loss) available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average shares outstanding, assuming all dilutive potential common shares were issued. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. The following potential common shares were excluded from the calculation of diluted net income (loss) per share available to common stockholders because their effect would have been antidilutive:   Three and Six Months Ended June 30,   2025  2024        Convertible notes payable  70,107,178   38,506,099 Total  70,107,178   38,506,099  Segment Reporting The Company has determined that it has one reportable segment, which includes managing branding and awareness campaigns to publicly traded companies and political candidates. The single segment was identified based on how the Chief Operating Decision Maker, who was determined to be the Chief Executive Officer, manages and evaluates performance and allocates resources.  Recently accounting pronouncements In November 2023, the FASB issued ASU 2023-07, *Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures*, enhancing segment expense transparency. The update requires public entities to disclose significant segment expenses regularly provided to the chief operating decision maker and extends certain annual segment disclosures to interim