10-Q
Quarterly Report
1606 Corp.
CIK: 1877461
File #: 000-53425
Balance Sheet
36 line items · 2 periods
XBRL
| Item | Sep 30, 2024 | Dec 31, 2023 |
|---|---|---|
CONDENSED BALANCE SHEETS | ||
Assets | ||
Current Assets | ||
Cash | 26,782 | 48,941 |
Accounts Receivable | 0 | 3,600 |
Other Non-Operating Current Assets | — | 21,500 |
Inventory | 0 | 72,853 |
Other Non-Operating Current Assets | 17,027 | 1,444 |
Total Current Assets | 43,809 | 148,338 |
Total Assets | 43,809 | 148,338 |
Liabilities and Stockholders' Equity | ||
Current Liabilities | ||
Accounts Payable | 467,305 | 295,041 |
Other Non-Operating Current Liabilities | 52,884 | 10,086 |
Note Payable to related party | 63,456 | 63,456 |
Short-Term Debt | 249,008 | 51,086 |
Other Non-Operating Current Liabilities | 86,552 | 193,026 |
Short-Term Debt | 1,220,550 | 950,550 |
Total Current Liabilities | 2,139,755 | 1,563,245 |
Total Liabilities | 2,139,755 | 1,563,245 |
Commitments and Contingencies (Note 6) | ||
Stockholders' Equity (Deficit) | ||
Class B Preferred Stocks | 0 | 0 |
Class A Convertible Preferred Stock | 5,988 | 5,628 |
Undesignated Preferred Shares | 0 | 0 |
Total Stockholders' Equity | 8,760 | 5,858 |
Convertible Notes Payable | 85,316 | — |
Total Stockholders' Equity | 4,506,602 | 995,638 |
Total Stockholders' Equity | (6,617,296) | (2,422,031) |
Total Stockholders' Equity (Deficit) | (2,095,946) | (1,414,907) |
Accumulated Deficit | (6,617,296) | (2,422,031) |
Additional Paid-In Capital | 4,506,602 | 995,638 |
Common Stock | 8,760 | 5,858 |
Class B Preferred Stock | 0 | 0 |
Class A Convertible Preferred Stock | 5,988 | 5,628 |
Total Liabilities and Stockholders' Equity (Deficit) | 43,809 | 148,338 |