Company: SXTPW
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-003343
Chunk: 459

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1B
Chunk 459
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 conditions, among others, raise substantial doubt about the
ability of the Company to continue as a going concern for one year from the date these financial statements are issued.

Management plans to fund operations of the Company
through third party and related party debt/advances, private placement of restricted securities and the issuance of stock in a subsequent
offering until such a time as the business achieves profitability or a business combination may be achieved. However, there can be no
assurance that the Company will be successful in raising additional capital or that such capital, if available, will be on terms that
are favorable to the Company. Debt financing and equity financing, if available, may involve agreements that include covenants limiting
or restricting the Company’s ability to take specific actions, such as incurring additional debt, making capital expenditures or
declaring dividends. If the Company raises funds through collaborations, or other similar arrangements with third parties, it may have
to relinquish valuable rights to its technologies, future revenue streams, research programs or product candidates or grant licenses on
terms that may not be favorable to the Company and/or may reduce the value of its common stock. If the Company is unable to raise additional
funds through equity or debt financings when needed, it may be required to delay, limit, reduce or terminate its product development or
future commercialization efforts or grant rights to develop and market its product candidates even if the Company would otherwise prefer
to develop and market such product candidates itself.

As such, management concluded that such plans
do not alleviate the substantial doubt about the ability of the Company to continue as a going concern for one year from the date these
financial statements are issued.

These financial statements have been prepared on a going concern basis,
which contemplates the realization of assets and the satisfaction of obligations in the normal course of business, and do not include
any adjustments to the amount and classification of assets and liabilities that may be necessary should the Company be unable to continue
as a going concern.

F-9

2. SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES

Basis of Presentation

The financial statements of 60P and its subsidiary
are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The
Company has prepared the accompanying consolidated financial statements pursuant to the instructions to Form 10-K and Article 8 of Regulation
S-X of the Securities and Exchange Commission (“SEC”). In the opinion of management, all adjustments considered necessary
for