10-K
Annual Report
1606 Corp.
CIK: 1877461
File #: 000-53425
Balance Sheet
34 line items · 2 periods
XBRL
| Item | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|
BALANCE SHEETS | ||
Current Assets | ||
Cash and Cash Equivalents | 48,941 | 105,065 |
Accounts Receivable | 3,600 | 0 |
Other Non-Operating Current Assets | 21,500 | 0 |
Inventory | 72,853 | 113,174 |
Other Non-Operating Current Assets | 1,444 | 13,577 |
Total Current Assets | 148,338 | 231,816 |
Total Assets | 148,338 | 231,816 |
Liabilities and Stockholders' Equity | ||
Current Liabilities | ||
Accounts Payable | 295,041 | 25,188 |
Other Non-Operating Current Liabilities | 10,086 | 3,173 |
Note Payable to related party | 63,456 | 63,456 |
Chief Executive Officer | 215,500 | 540,000 |
Convertible notes, net of discount | 51,086 | 0 |
Other Non-Operating Current Liabilities | 193,026 | 0 |
Total Current Liabilities | 612,695 | 91,817 |
Long Term Liabilities | ||
Note payable to stockholder | 950,550 | 735,050 |
Total Long Term Liabilities | 950,550 | 735,050 |
Total Liabilities | 1,563,245 | 826,867 |
Stockholders' Equity | ||
Class A Convertible Preferred Stock | 5,628 | 5,663 |
Undesignated Preferred Stock | 0 | 0 |
Total Stockholders' Equity | 5,858 | 3,742 |
Total Stockholders' Equity | 995,638 | 236,842 |
Total Stockholders' Equity | (2,422,031) | (841,298) |
Total Stockholders' Equity | (1,414,907) | (595,051) |
Accumulated Deficit | (2,422,031) | (841,298) |
Additional Paid-In Capital | 995,638 | 236,842 |
Common Stock | 5,858 | 3,742 |
Class A Convertible Preferred Stock Member | 5,628 | 5,663 |
Total Liabilities and Stockholders' Equity | 148,338 | 231,816 |