10-Q/A
Quarterly Report
1606 Corp.
CIK: 1877461
File #: 000-53425
Balance Sheet
39 line items · 2 periods
XBRL
| Item | Jun 30, 2023 | Dec 31, 2022 |
|---|---|---|
CONDENSED BALANCE SHEETS | ||
Cash and Cash Equivalents | 26,973 | 105,065 |
Current Assets: | ||
Accounts Receivable | 3,600 | 0 |
Other Non-Operating Current Assets | 21,500 | 0 |
Inventory | 129,202 | 113,174 |
Other Non-Operating Current Assets | 0 | 13,577 |
Total Current Assets | 181,275 | 231,816 |
Total Assets | 181,275 | 231,816 |
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | ||
Current Liabilities: | ||
Credit card payable | 38,395 | 25,188 |
Accrued Expenses | 7,083 | 0 |
Accrued Expenses - Related Party | 125,000 | 0 |
Other Non-Operating Current Liabilities | 8,215 | 3,173 |
Note payable to related party | 63,456 | 63,456 |
Note Payable to Shareholder | 755,050 | 735,050 |
Total current liabilities | 997,199 | 826,867 |
As Restated | 997,119 | — |
Adjustments | 125,000 | — |
As Previously Reported | 872,119 | — |
Stockholders' Equity (Deficit): | ||
Total Stockholders' Equity | 4,616 | 3,743 |
Total Stockholders' Equity | 841,471 | 236,841 |
Total Stockholders' Equity | (1,667,674) | (841,298) |
As Restated | 1,667,674 | — |
Adjustments | 125,000 | — |
As Previously Reported | 1,542,674 | — |
Total stockholders' deficit | (815,924) | (595,051) |
As Restated | 815,924 | — |
Adjustments | 125,000 | — |
As Previously Reported | 690,924 | — |
Accumulated Deficit | (1,667,674) | (841,298) |
Additional Paid-In Capital | 841,471 | 236,842 |
Common Stock | 4,616 | 3,742 |
Preferred Stock | 5,663 | 5,663 |
Total liabilities and stockholders' deficit | 181,275 | 231,816 |
Class A Convertible Preferred Stock | 5,663 | 5,663 |
Undesignated Preferred Stock | 0 | 0 |