10-Q/A
Quarterly Report
1606 Corp.
CIK: 1877461
File #: 000-53425
Balance Sheet
41 line items · 2 periods
XBRL
| Item | Mar 31, 2023 | Dec 31, 2022 |
|---|---|---|
CONDENSED BALANCE SHEETS | ||
Cash and Cash Equivalents | 220,111 | 105,065 |
Current Assets: | ||
Accounts Receivable | 3,591 | 0 |
Other Non-Operating Current Assets | 11,500 | 0 |
Inventory | 113,074 | 113,174 |
Other Non-Operating Current Assets | 12,684 | 13,577 |
Total Current Assets | 360,960 | 231,816 |
Other Non-Operating Current Assets | 65,000 | 0 |
Total Assets | 425,960 | 231,816 |
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | ||
Current Liabilities: | ||
Credit card payable | 23,081 | 25,188 |
Accrued Expenses | 11,442 | 0 |
Accrued Expenses - Related Party | 62,500 | 0 |
Other Non-Operating Current Liabilities | 5,694 | 3,173 |
Note payable to related party | 735,050 | 735,050 |
Current portion of long-term Note payable to related party | 63,456 | 63,456 |
Total current liabilities | 901,223 | 826,867 |
As Restated | 901,223 | — |
Adjustments | 62,500 | — |
As Previously Reported | 838,723 | — |
Commitments and Contingencies (Note 6) | ||
Stockholders' Equity (Deficit): | ||
Total Stockholders' Equity | 4,321 | 3,743 |
Total Stockholders' Equity | 648,783 | 236,841 |
Total Stockholders' Equity | (1,134,010) | (841,298) |
As Restated | 1,134,010 | — |
Adjustments | 62,500 | — |
As Previously Reported | 1,071,510 | — |
Total stockholders' deficit | (475,263) | (595,051) |
As Restated | 475,263 | — |
Adjustments | 62,500 | — |
As Previously Reported | 412,763 | — |
Accumulated Deficit | (1,134,010) | (841,298) |
Additional Paid-In Capital | 648,783 | 236,841 |
Common Stock | 4,321 | 3,743 |
Preferred Stock | 5,643 | 5,663 |
Total liabilities and stockholders' deficit | 425,960 | 231,816 |
Class A Convertible Preferred Stock | 5,643 | 5,663 |
Undesignated Preferred Stock | 0 | 0 |