Company: TGNT
Filing Date: 2025-04-09
Form Type: 10-K/A
Source: 0001477932-25-002538
Chunk: 54

Company: Totaligent, Inc.
Filing Date: 2025-04-09
Form: 10-K/A
Chunk 54
---
 Total                     |     |                          | 35,592,281 |     |      | 45,221,645 |

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 periods. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, with interim period application required starting after December 15, 2024, and early adoption permitted.

The Company does not expect any of the recently issued accounting pronouncements to have a material impact on its financial condition or results of operations for the quarter ended as of December 31, 2024 or on a going forward basis.

The Company has reviewed all the recently issued, but not yet effective, accounting pronouncements and do not believe any of these pronouncements will have a material impact its consolidated financial statements.

| F-12 |

3. Property and equipment

Property and equipment as of December 31, 2024 and 2023, are summarized as follows:

|                                |     | 2024 | December 31, |   |     | 2023 | December 31, |   |
|:-------------------------------|:----|:-----|-------------:|:--|:----|:-----|-------------:|:--|
| Computer equipment             |     | $    |       71,335 |   |     | $    |       69,200 |   |
| Computer server                |     |      |       22,551 |   |     |      |       19,751 |   |
| Mining equipment               |     |      |       54,325 |   |     |      |       54,325 |   |
|                                |     |      |      148,211 |   |     |      |      143,276 |   |
| Less: Accumulated depreciation |     |      |      (81,857 | ) |