Company: TGNT
Filing Date: 2025-05-16
Form Type: 10-Q
Source: 0001477932-25-003912
Chunk: 47

Company: Totaligent, Inc.
Filing Date: 2025-05-16
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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 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. 

 9Table of Contents

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.

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 three months ended March 31, 2025 and 2024:

  Three months Ended March 31,   2025  2024 Net change in operating activities $(74,918 ) $(71,869 )Net cash (used in) provided by investing activities  (8,434 )  (16,400 )Net cash provided by financing activities  230,000   - Net change in cash and cash equivalents  146,648   (88,269 )Cash and cash equivalents at beginning of period  22,128   167,735 Cash and cash equivalent at end of period $168,776  $79,466 

Net cash used in operating activities for the three months ended March 31, 2025 was $74,918 compared to $71,869 for the three months ended March 31, 2024. During the three months ended March 31, 2025, net cash used in investing activities was ($8,434) compared to ($16,400) during the three months ended March 31, 2024. This difference related to less expenditures in the current period for capitalized software versus the prior period. During the three months ended March 31, 2025, our financing activities provided cash of $230,000 compared to $0 during the three months ended March 31, 2024. The cash provided in the current period related to