Company: TGNT
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001477932-25-002496
Chunk: 455

Company: Totaligent, Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 6
Chunk 455
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  For the Years Ended    December 31,    2024    2023         CASH FLOWS FROM OPERATING ACTIVITIES      Net loss $(947,236) $(402,170)Adjustment to reconcile net loss to net cash used in operating activities:        Depreciation expense  28,125   20,960 Stock issued for services  120,000   200,000 Amortization of debt discount  6,467   19,908 Loss on change in fair value of derivative liabilities  8,873   (38,759)Loss on settlement of debt  -   11,765 Loss on sale of fixed assets  -   20,176 Expenses paid by convertible note holder  12,705   - Changes in Operating Assets and Liabilities:        Prepaid expenses  183,760   (186,541)Accounts payable  7,000   - Accrued compensation  333,302   293,596 Accrued interest  47,214   34,894 Accrued expenses  -   (3,305)Net change in operating activities  (199,790)  (29,476)         CASH FLOWS FROM INVESTING ACTIVITIES        Proceeds from sale of property and equipment  -   20,678 Expenditures for capitalized software  (87,817)  (39,308)Net change in investing activities  (87,817)  (18,630)         CASH FLOWS FROM FINANCING ACTIVITIES        Cash proceeds from sale of common stock  -   25,000 Proceeds from issuance of convertible notes payable  142,000   225,000 Repayments of notes payable  -   (48,160)Net change in financing activities  142,000   201,840          Net (Decrease) Increase in Cash   (145,607)  153,734          Cash - Beginning of the Period  167,735   14,001          Cash - End of the Period $22,128  $167,735          Supplemental Disclosures of Cash Flows        Cash