Company: TGNT
Filing Date: 2025-05-19
Form Type: 10-Q/A
Source: 0001477932-25-003978
Chunk: 13

Company: Totaligent, Inc.
Filing Date: 2025-05-19
Form: 10-Q/A
Chunk 13
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 equipment             |     | $    |    71,335 |   |     | $    |       71,335 |   |
| Computer server                |     |      |    22,551 |   |     |      |       22,551 |   |
| Mining equipment               |     |      |         - |   |     |      |       54,325 |   |
|                                |     |      |    93,886 |   |     |      |      148,211 |   |
| Less: Accumulated depreciation |     |      |   (52,011 | ) |     |      |      (81,857 | ) |
| Property and equipment - net   |     | $    |    41,875 |   |     | $    |       66,354 |   |

For the three months ended March 31, 2025 and 2024, the Company recorded $ and $ in depreciation expense, respectively.

During the three months ended March 31, 2025, the Company disposed of its remaining mining equipment in the amount of $. As a result of the disposal, the Company recorded a loss on disposal of fixed assets in the amount of $.

4. Intangible assets

Intangible assets consisted of the following at March 31, 2025 and December 31, 2024:

|                                |     | 2025 | March 31, |     | 2024 | December 31, |
|:-------------------------------|:----|:-----|----------:|:----|:-----|-------------:|
| Software development costs     |     | $    |   136,425 |     | $    |      127,991 |
|                                |     |      |   136,425 |     |      |      127,991 |
| Less: Accumulated amortization |     |      |         - |     |      |            - |
| Intangible assets - net        |     | $    |   136,425 |     | $    |      127,991 |

The Company has incurred costs for software development. The software reached technological feasibility on May 23, 2023. As such the Company capitalized $ in software development costs through the year ended December 31, 2024 and an additional $ in costs during the three months ended March 31, 2025. The Company will begin amortizing the asset once it reaches the stage of