10-Q
Quarterly Report
1606 Corp.
CIK: 1877461
File #: 000-53425
Balance Sheet
35 line items · 2 periods
XBRL
| Item | Jun 30, 2024 | Dec 31, 2023 |
|---|---|---|
CONDENSED BALANCE SHEETS | ||
Current Assets | ||
Cash | 75,004 | 48,941 |
Accounts Receivable | 2,762 | 3,600 |
Other Non-Operating Current Assets | 21,500 | 21,500 |
Inventory | 72,769 | 72,853 |
Other Non-Operating Current Assets | 23,629 | 1,444 |
Total Current Assets | 195,664 | 148,338 |
Total Assets | 195,664 | 148,338 |
Liabilities and Stockholders' Deficit | ||
Current Liabilities | ||
Accounts Payable | 494,768 | 295,041 |
Other Non-Operating Current Liabilities | 45,404 | 10,086 |
Note Payable to related party | 63,456 | 63,456 |
Short-Term Debt | 231,599 | 51,086 |
Other Non-Operating Current Liabilities | 62,520 | 193,026 |
Total Current Liabilities | 897,747 | 612,695 |
Long Term Debt | ||
Short-Term Debt | 1,220,550 | 950,550 |
Total Long Term Debt | 1,220,550 | 950,550 |
Total Liabilities | 2,118,297 | 1,563,245 |
Stockholders' Deficit | ||
Class B Convertible Preferred Stock | 0 | 0 |
Class A Convertible Preferred Stock | 5,593 | 5,628 |
Undesignated Preferred Shares | 0 | 0 |
Total Stockholders' Equity | 7,554 | 5,858 |
Total Stockholders' Equity | 1,111,880 | 995,638 |
Total Stockholders' Equity | (3,047,660) | (2,422,031) |
Total Stockholders' Deficit | (1,922,633) | (1,414,907) |
Accumulated Deficit | (3,047,660) | (2,422,031) |
Additional Paid-In Capital | 1,111,880 | 995,638 |
Common Stock | 7,554 | 5,858 |
Class B Convertible Preferred Stock | 0 | 0 |
Class A Convertible Preferred Stock | 5,593 | 5,628 |
Total Liabilities and Stockholders' Deficit | 195,664 | 148,338 |