Company: TGNT
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001477932-25-008363
Chunk: 126

Company: Totaligent, Inc.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part II, Item 8
Chunk 126
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 market. Realized and unrealized gains and losses are determined on an average cost basis. The marketable securities are investments predominately in shares of large publicly traded securities which are being invested until such time the funds are needed for operations.   The value of these marketable securities at September 30, 2025 is as follows:   MarketableSecurities Cost $19,170 Gross unrealized gain  70,830 Fair value $90,000  The above marketable securities are reflected as level 1 assets as the securities prices are quotes in an established market. The Company has reflected $70,830 in unrealized gains and has reported these securities as unrealized gain on change in fair value of securities in the statements of operations during the three and nine months ended September 30, 2025. There were no realized or unrealized gains on marketable securities in the nine months ended September 30, 2024.

4. Property and equipment    Property and equipment as of September 30, 2025 and December 31, 2024, are summarized as follows:   September 30,  December 31,   2025  2024 Computer equipment $75,000  $71,335 Computer server  19,751   22,551 Mining equipment  -   54,325    94,751   148,211 Less: Accumulated depreciation  (59,941 )  (81,857 )Property and equipment - net $34,810  $66,354  For the nine months ended September 30, 2025 and 2024, the Company recorded $13,218 and $18,964 in depreciation expense, respectively. For the three months ended September 30, 2025 and 2024, the Company recorded $3,397 and $8,233 in depreciation expense, respectively. During the nine months ended September 30, 2025, the Company disposed of its remaining mining equipment in the amount of $54,325. As a result of the disposal, the Company recorded a loss on disposal of fixed assets in the amount of $18,327.

 F-13Table of Contents

5. Intangible assets Intangible assets consisted of the following at September 30, 2025 and December 31, 2024:   September 30,