Company: TGNT
Filing Date: 2025-05-07
Form Type: S-1/A
Source: 0001477932-25-003416
Chunk: 54

Company: Totaligent, Inc.
Filing Date: 2025-05-07
Form: S-1/A
Chunk 54
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, software development payments and other working capital needs. We believe that material cash requirements for operating expenditures may range from $100,000 per month to $200,000 per month during the twelve months.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition.

Cash Flow

The following table provides detailed information about our net cash flow for the years ended December 31, 2024 and 2023:

|                                                  |     | Years Ended December 31, |     2024 |   |     |   |    2023 |   |
|:-------------------------------------------------|:----|:-------------------------|---------:|:--|:----|:--|--------:|:--|
| Net cash used in operating activities            |     | $                        | (199,790 | ) |     | $ | (29,476 | ) |
| Net cash used in investing activities            |     |                          |  (87,817 | ) |     |   | (18,630 | ) |
| Net cash provided by financing activities        |     |                          |  142,000 |   |     |   | 201,840 |   |
| Net change in cash and cash equivalents          |     |                          | (145,607 | ) |     |   | 153,734 |   |
| Cash and cash equivalents at beginning of period |     |                          |  167,735 |   |     |   |  14,001 |   |
| Cash and cash equivalent at end of period        |     | $                        |   22,128 |   |     | $ | 167,735 |   |

Net cash used in operating activities for the year ended December 31, 2024 was $199,790 compared to $29,476 for the year ended December 31, 2023. This difference primarily related to an increased net loss in the current period combined with stock issued for services in the prior period of $200,000 and increased operating costs. During the year ended December 31, 2024, net cash used in investing activities was $87,817 compared to $18,630 for the year ended December 31, 2023. This difference related to expenditures for capitalized software in the current period of $87,817 versus $39,308 for the prior period offset by sale of fixed assets in the prior period in