10-Q/A
Quarterly Report
1606 Corp.
CIK: 1877461
File #: 000-53425
Balance Sheet
43 line items · 2 periods
XBRL
| Item | Sep 30, 2023 | Dec 31, 2022 |
|---|---|---|
CONDENSED BALANCE SHEETS | ||
Cash and Cash Equivalents | 34,316 | 105,065 |
Accounts Receivable | 3,600 | 0 |
Other Non-Operating Current Assets | 21,500 | 0 |
Inventory | 129,202 | 113,174 |
Other Non-Operating Current Assets | 9,929 | 13,577 |
Total Current Assets | 198,547 | 231,816 |
Total Assets | 198,547 | 231,816 |
Liabilities and Stockholders' Deficit | ||
Current Liabilities | ||
Accounts Payable | 66,707 | 25,188 |
Other Current Liabilities | 187,500 | 0 |
As Restated | 187,500 | — |
Adjustments | 187,500 | — |
As Previously Reported | 0 | — |
Other Non-Operating Current Liabilities | 8,260 | 3,173 |
Note payable to shareholder | 755,050 | 735,050 |
Note payable to related party | 63,456 | 63,456 |
Convertible notes, net of discount | 31,482 | 0 |
Other Non-Operating Current Liabilities | 443,324 | 0 |
Total Current Liabilities | 1,555,779 | 826,867 |
As Restated | 1,555,779 | — |
Adjustments | 187,500 | — |
As Previously Reported | 1,368,279 | — |
Total Liabilities | 1,555,779 | 826,867 |
Stockholders' Deficit | ||
Class A Convertible Preferred Stock | 5,663 | 5,664 |
Undesignated Preferred Stock | 0 | 0 |
Total Stockholders' Equity | 4,726 | 3,742 |
Total Stockholders' Equity | 866,360 | 236,842 |
Total Stockholders' Equity | (2,233,981) | (841,298) |
As Restated | 2,233,981 | — |
Adjustments | 187,500 | — |
As Previously Reported | 2,046,481 | — |
Total Stockholders' Deficit | (1,357,232) | (595,051) |
As Restated | 1,357,232 | — |
Adjustments | 187,500 | — |
As Previously Reported | 1,169,732 | — |
Accumulated Deficit | (2,233,981) | (841,298) |
Additional Paid-In Capital | 866,360 | 236,842 |
Common Stock | 4,726 | 3,742 |
Class A Convertible Preferred Stock Member | 5,663 | 5,663 |
Total Liabilities and Stockholders' Equity | 198,547 | 231,816 |