Company: TGNT
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001477932-25-002496
Chunk: 55

Company: Totaligent, Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1
Chunk 55
---
, 2024 and 2023, are summarized as follows:   December 31,  December 31,   2024  2023 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 )  (53,732 )Property and equipment - net $66,354  $89,544  For the years ended December 31, 2024 and 2023, the Company recorded $28,125 and $20,960 in depreciation expense, respectively. During the year ended December 31, 2023, the Company sold mining equipment for $20,678. As a result of the sale, the Company recorded a gain on sale of fixed assets in the amount of $20,176.

4. Intangible assets Intangible assets consisted of the following at December 31, 2024 and 2023:   December 31,  December 31,   2024  2023 Software development costs $127,991  $39,308    127,991   39,308 Less: Accumulated amortization  -   - Intangible assets - net $127,991  $39,308  The Company has incurred costs for software development. The software reached technological feasibility on May 23, 2023. As such the Company capitalized $39,308 in software development costs for the year ended December 31, 2023 and an additional $88,683 in costs during the year ended December 31, 2024. The Company will begin amortizing the asset once it reaches the stage of intended-use. 

 F-13Table of Contents

5. Convertible notes payable    The following table details the Company’s convertible notes payable as of December 31, 2024 and 2023, respectively:            Principal Balance as of  Ref No.   Date of Note  Original Principal     Interest  December 31,  December 31,     Issuance Balance  Maturity Date Rate %  2024  2023  1  */*** 6/16