Company: SXTPW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-043779
Chunk: 24

Company: 60 DEGREES PHARMACEUTICALS, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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, 2024).

The following table summarizes the estimated future
amortization expense for our patents and website development costs as of March 31, 2025:

    Period 
    Patents  
    Website Development Costs 
  
    2025 (remaining nine months) 
    $5,175  
    $23,042 
  
    2026 
     6,899  
     12,432 
  
    2027 
     6,899  
     3,094 
  
    2028 
     6,899  
     - 
  
    2029 
     6,899  
     - 
  
    Thereafter 
     36,427  
     - 
  
    Total 
    $69,198  
    $38,568 

The Company has recorded $42,019 in capitalized
patent expenses that will become amortizable as the patents they are associated with are awarded.

6. STOCKHOLDERS’ EQUITY

Pursuant to the Certificate of Incorporation of
60 Degrees Pharmaceuticals, Inc., the Company’s authorized shares consist of (a) 150,000,000 shares of common stock, par value $0.0001
per share and (b) 1,000,000 shares of preferred stock, par value $0.0001 per share, of which 80,965 have been designated as Series A Non-Voting
Convertible Preferred Stock (“Series A Preferred Stock”). As of March 31, 2025, 1,472,891 shares of Common Stock and 76,480
shares of Series A Preferred Stock are issued and outstanding.

Following stockholder approval in July 2024, on
July 30, 2024, the Company filed an Amendment to the Certificate of Incorporation with the Secretary of State of Delaware to effect the
1:12 Reverse Stock Split of the issued and outstanding shares of the Company’s common stock, which was effective as of August 12,
2024. As of the effective time of the 1:12 Reverse Stock Split, every twelve (12) issued and outstanding shares of the Company’s
common stock were automatically combined and converted into one (1) issued and outstanding share of the Company’s common stock.

Following stockholder approval in November 2024,
on February 18, 2025, the Company filed an additional Amendment to the Certificate of Incorporation with the Secretary of