Company: TGNT
Filing Date: 2025-04-09
Form Type: 10-K/A
Source: 0001477932-25-002538
Chunk: 42

Company: Totaligent, Inc.
Filing Date: 2025-04-09
Form: 10-K/A
Chunk 42
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 liabilities in the normal course of business. These consolidated financial statements do not include any adjustments relating to the recovery of the recorded assets or the classifications of the liabilities that might be necessary should the Company be unable to continue as a going concern.

Capital Resources

To date, our operations have been funded primarily through private investors. Some of these investors have verbally committed additional funding for the Company, as needed. The Company has also had discussions with broker-dealers and lenders regarding funding required to execute the Company’s business plan.

Material Cash Requirements

Our material short-term cash requirements include recurring payroll and benefits obligations for our employees, capital, operating expenditures, software development payments and other working capital needs. We believe that material cash requirements for operating expenditures may range from $100,000 per month to $200,000 per month during the twelve months.

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Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition.

Cash Flow

The following table provides detailed information about our net cash flow for the years ended December 31, 2024 and 2023:

|                                                  |     | Years Ended December 31, |     2024 |   |     |   |    2023 |   |
|:-------------------------------------------------|:----|:-------------------------|---------:|:--|:----|:--|--------:|:--|
| Net cash used in operating activities            |     | $                        | (199,790 | ) |     | $ | (29,476 | ) |
| Net cash used in investing activities            |     |                          |  (87,817 | ) |     |   | (18,630 | ) |
| Net cash provided by financing activities        |     |                          |  142,000 |   |     |   | 201,840 |   |
| Net change in cash and cash equivalents          |     |                          | (145,607 | ) |     |   | 153,734 |   |
| Cash and cash equivalents at beginning of period |     |                          |  167,735 |   |     |   |  14,001 |   |
| Cash and cash equivalent at end of period        |     | $                        |   22,128 |   |     | $ | 167,735 |   |

Net cash used in operating activities for the year ended December 31, 2024 was $199,