Company: TGNT
Filing Date: 2025-04-09
Form Type: 10-K/A
Source: 0001477932-25-002538
Chunk: 62

Company: Totaligent, Inc.
Filing Date: 2025-04-09
Form: 10-K/A
Chunk 62
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 | December 31, |   |
|:-----------------------------------|:----|:-----|-------------:|:--|:----|:-----|-------------:|:--|
| Net operating loss carry-forward   |     | $    |      469,914 |   |     | $    |      223,633 |   |
| Valuation allowance                |     |      |     (469,914 | ) |     |      |     (223,633 | ) |
| Net deferred tax asset (liability) |     | $    |            - |   |     | $    |            - |   |

As of December 31, 2024 and 2023, the Company had a federal net operating loss carryforward of approximately $ and $, respectively. The federal net operating loss carryforwards do not expire but may only be used against taxable income to 80%. No tax benefit has been reported in the consolidated financial statements. The annual offset of this carryforward loss against any future taxable profits may be limited under the provisions of Internal Revenue Code Section 381 upon any future change(s) in control of the Company.

#### 10. Subsequent events
On September 5, 2023, . On March 12, 2025, the unvested Shares which were mistakenly issued in contravention of the terms of the Business Development Agreement were deemed void ab initio, cancelled, and permanently retired, and were removed from the Company’s issued and outstanding capital.

On January 1, 2024, . On March 12, 2025, the unvested Shares which were mistakenly issued in contravention of the terms of the Employment Agreement were deemed void ab initio, cancelled, and permanently retired, and were removed from the Company’s issued and outstanding capital.

On February 18, 2025, the Company issued a $ face value convertible note payable at $ per share.

On March 28, 2025, the Company sold $ in common stock at $ per share.

| F-18 |

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.

Effective May 20, 2024, the Company engaged , as the Company’s independent registered public accounting firm. The engagement was approved by the Company’s Board of Directors.

Item 9A. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Our management is responsible for maintaining disclosure controls and procedures that are designed to ensure that information required to