10-Q
Quarterly Report
1606 Corp.
CIK: 1877461
File #: 000-53425
Balance Sheet
31 line items · 2 periods
XBRL
| Item | Jun 30, 2025 | Dec 31, 2024 |
|---|---|---|
CONDENSED BALANCE SHEETS | ||
Current Assets | ||
Cash | 1,863 | 2,078 |
Other Non-Operating Current Assets | 24,901 | 8,062 |
Total Current Assets | 26,764 | 10,140 |
Total Assets | 26,764 | 10,140 |
Current Liabilities | ||
Accounts Payable | 567,969 | 499,231 |
Accrued interest | 19,618 | 48,486 |
Asset Purchase Agreement | 11,100 | 9,527 |
Note Payable to related party | 63,456 | 63,456 |
Convertible notes, net of discount | 55,459 | 188,306 |
Other Non-Operating Current Liabilities | 123,562 | 40,603 |
Note payable to shareholder | 1,739,550 | 1,365,550 |
Total Current Liabilities | 2,569,614 | 2,205,632 |
Total Liabilities | 2,569,614 | 2,205,632 |
Stockholders' Deficit | ||
Class B Super Voting Preferred Stock | 0 | 0 |
Class A Convertible Preferred Stock | 5,824 | 5,956 |
Undesignated Preferred Shares | 0 | 0 |
Total Stockholders' Equity | 16,425 | 11,270 |
Total Stockholders' Equity | 4,790,353 | 4,724,284 |
Accumulated Deficit | (7,355,452) | (6,937,002) |
Total Stockholders' Deficit | (2,542,850) | (2,195,492) |
Accumulated Deficit | (7,355,452) | (6,937,002) |
Additional Paid-In Capital | 4,790,353 | 4,724,284 |
Series B Convertible Preferred Stock | 0 | — |
Common Stock | 16,425 | 11,270 |
Class A Convertible Preferred Stock | 5,824 | 5,956 |
Class B Super Voting Preferred Stock | 0 | 0 |
Total Liabilities and Stockholders' Deficit | 26,764 | 10,140 |