10-K
Annual Report
1606 Corp.
CIK: 1877461
File #: 000-53425
Balance Sheet
34 line items · 2 periods
XBRL
| Item | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|
BALANCE SHEETS | ||
Current Assets | ||
Cash | 2,078 | 48,941 |
Accounts Receivable | 0 | 3,600 |
Other Non-Operating Current Assets | 0 | 21,500 |
Inventory | 0 | 72,853 |
Other Non-Operating Current Assets | 8,062 | 1,444 |
Total Current Assets | 10,140 | 148,338 |
Total Assets | 10,140 | 148,338 |
Liabilities and Stockholders' Equity | ||
Current Liabilities | ||
Accounts Payable | 499,231 | 295,041 |
Other Non-Operating Current Liabilities | 48,486 | 10,086 |
Note Payable to related party | 63,456 | 63,456 |
Chief Executive Officer | 415,000 | — |
Convertible notes, net of discount | 188,306 | 51,086 |
Other Non-Operating Current Liabilities | 40,603 | 193,026 |
Note payable to related party shareholder | 1,365,550 | 950,550 |
Total Current Liabilities | 2,205,632 | 1,563,245 |
Total Liabilities | 2,205,632 | 1,563,245 |
Stockholders' Equity | ||
Total Stockholders' Equity | 11,270 | 5,858 |
Total Stockholders' Equity | 4,724,284 | 995,638 |
Total Stockholders' Equity | (6,937,002) | (2,422,031) |
Total Stockholders' Equity | (2,195,492) | (1,414,907) |
Accumulated Deficit | (6,937,002) | (2,422,031) |
Additional Paid-In Capital | 4,724,284 | 995,638 |
Series B Super Voting Preferred Stock | 0 | 0 |
Class A Convertible Preferred Stock | 5,956 | 5,628 |
Common Stock | 11,270 | 5,858 |
Total Liabilities and Stockholders' Equity | 10,140 | 148,338 |
Class A Convertible Preferred Stock Member | 5,956 | 5,628 |
Class B Super Voting Preferred Stock | 0 | 0 |
Undesignated Preferred Stock | 0 | 0 |