Company: TGNT
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001477932-25-002496
Chunk: 247

Company: Totaligent, Inc.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1C
Chunk 247
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 any future change(s) in control of the Company.

10. Subsequent events     On January 1, 2024, the Company issued 100,000 Series D Convertible Preferred Stock, which vest over two years, based upon performance milestones. The consultant only earned 10,000 shares.  On March 13, 2025, the Consultant returned 90,000 shares to the Company. On February 18, 2025, the Company issued a $30,000 face value convertible notes payable convertible at $01 per share. On March 28, 2025, the Company sold stock $100,000 at $0.01 per share.

 F-18Table of Contents

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

Effective May 20, 2024, the Company engaged Astra Audit & Advisory, LLC, 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 be disclosed in the reports that the Registrant files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms. In addition, the disclosure controls and procedures must ensure that such information is accumulated and communicated to the Registrant's management, including its Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required financial and other required disclosures.

At December 31, 2024, an evaluation of the effectiveness of our disclosure controls and procedures (as defined in Rules 13(a)-15(e) and 15(d)-15(e) of the Exchange Act) was carried out under the supervision and with the participation of Edward C. DeFeudis our Chief Executive Officer and Ben Hansel our Director. Based on our evaluation of our disclosure controls and procedures, we concluded that, at December 31, 2024, our disclosure controls and procedures are not effective at the reasonable assurance level due to the following material weaknesses.

Due to the Company’s small size, and limited number of personnel, the Company did not have in place an effective internal control environment with formal processes and procedures, including journal entry processing and review, to allow for a detailed review of accounting transactions that would identify errors in a timely manner.

Management's Annual