Company: TGNT
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001477932-25-002496
Chunk: 139

Company: Totaligent, Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1A
Chunk 139
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,001          Cash - End of the Period $22,128  $167,735          Supplemental Disclosures of Cash Flows        Cash paid for Interest $-  $- Cash paid for income taxes $-  $-          Supplemental Disclosures of Non-Cash Investing and Financing Activities:        Issuance of convertible notes payable for purchase of fixed assets $-  $19,750 

The accompanying notes are an integral part of these consolidated financial statements.  

 F-6Table of Contents

TOTALIGENT, INC.

(Formerly Alltemp, Inc.) AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

1. Nature of operations  The Company was incorporated under the name Digi Messaging & Advertising Inc. (“Digi” or the “Company”) in the State of Wyoming on August 16, 2019, for the purpose of developing and operating multiple digital marketing platforms. On December 3, 2021, Totaligent, a Delaware corporation, Digi and the Shareholders of the Company (the “Digi Shareholders”) executed an Agreement and Plan of Merger (the “Merger Agreement”) that provided for Digi to be merged into Totaligent (the “Merger”) through a share exchange agreement. As a result of the Share Exchange, Totaligent acquired 100% of the issued and outstanding shares of Digi in exchange for the issuance of 600,000 shares of Series D Convertible Preferred Stock. Immediately following the Merger, Totaligent’s subsidiary, CSES Group, Inc., which owns all rights, title and interest in Totaligent’s refrigerant technology, was spun out in exchange for the cancellation of an aggregate of 54,422,903 shares of Totaligent Common Stock (the “Cancelled Shares”) held by former Totaligent management and shareholders. Upon completion of these actions, Edward C. DeFeudis was appointed to the role of CEO and Ben Hansel remained on the board of directors.  On July 21, 2022, the Company changed its name to Totaligent, Inc. (“Totaligent” or the “Company”).   The Company’s activities are subject to significant risks and uncertainties, including the need for additional capital, as