10-Q
Quarterly Report
1606 Corp.
CIK: 1877461
File #: 000-53425
Balance Sheet
31 line items · 2 periods
XBRL
| Item | Mar 31, 2025 | Dec 31, 2024 |
|---|---|---|
CONDENSED BALANCE SHEETS | ||
Current Assets | ||
Cash | 285 | 2,078 |
Other Non-Operating Current Assets | 0 | 8,062 |
Total Current Assets | 285 | 10,140 |
Total Assets | 285 | 10,140 |
Liabilities and Stockholders' Equity | ||
Current Liabilities | ||
Accounts Payable | 528,118 | 499,231 |
Accrued interest | 31,450 | 48,486 |
Asset Purchase Agreement | 10,309 | 9,527 |
Note Payable to related party | 63,456 | 63,456 |
Convertible notes, net of discount | 108,609 | 188,306 |
Other Non-Operating Current Liabilities | 93,656 | 40,603 |
Note payable to shareholder | 1,528,550 | 1,365,550 |
Total Current Liabilities | 2,353,839 | 2,205,632 |
Total Liabilities | 2,353,839 | 2,205,632 |
Stockholders' Equity | ||
Class B Convertible Preferred Stock | 0 | 0 |
Class A Convertible Preferred Stock | 5,891 | 5,956 |
Undesignated Preferred Shares | 0 | 0 |
Total Stockholders' Equity | 13,961 | 11,270 |
Total Stockholders' Equity | 4,771,935 | 4,724,284 |
Accumulated Deficit | (7,145,341) | (6,937,002) |
Total Stockholders' Equity | (2,353,554) | (2,195,492) |
Accumulated Deficit | (7,145,341) | (6,937,002) |
Additional Paid-In Capital | 4,771,935 | 4,724,284 |
Class A Convertible Preferred Stock | 5,891 | 5,956 |
Common Stock | 13,961 | 11,270 |
Class B Super Voting Preferred Stock | — | 0 |
Total Liabilities and Stockholders' Equity | 285 | 10,140 |