10-K
Annual Report
1606 Corp.
CIK: 1877461
File #: 000-53425
Balance Sheet
36 line items · 2 periods
XBRL
| Item | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
BALANCE SHEETS | ||
Assets | ||
Current Assets | ||
Cash | 0 | 2,078 |
Other Non-Operating Current Assets | 16,058 | 8,062 |
Total Current Assets | 16,058 | 10,140 |
Total Assets | 16,058 | 10,140 |
Liabilities and Stockholders' Deficit | ||
Current Liabilities | ||
Accounts Payable | 565,187 | 499,231 |
Accrued interest | 103,439 | 48,486 |
Chief Executive Officer - Convertible Notes Payable | 103,439 | — |
Asset Purchase Agreement | 12,700 | 9,527 |
Note payable to related party | 63,456 | 63,456 |
Convertible notes, net of discount | 29,782 | 188,306 |
Other Non-Operating Current Liabilities | 1,574,121 | 40,603 |
Convertible notes, net of discount, related party shareholder | 902,385 | 0 |
Note payable to shareholder | 0 | 1,365,550 |
Chief Executive Officer | — | 1,365,550 |
Total Current Liabilities | 3,238,370 | 2,205,632 |
Total Liabilities | 3,238,370 | 2,205,632 |
Commitments and contingencies (Note 6) | ||
Stockholders' Deficit | ||
Series B Super Voting Preferred Stock | 0 | 0 |
Class A Convertible Preferred Stock | 5,242 | 5,956 |
Undesignated Preferred Stock | 0 | 0 |
Total Stockholders' Equity | 47,242 | 11,270 |
Total Stockholders' Equity | 4,957,247 | 4,724,284 |
Accumulated Deficit | (8,232,043) | (6,937,002) |
Total Stockholders' Deficit | (3,222,312) | (2,195,492) |
Accumulated Deficit | (8,232,043) | (6,937,002) |
Additional Paid-In Capital | 4,957,247 | 4,724,284 |
Common Stock | 47,242 | 11,270 |
Series B Super Voting Preferred Stock | 0 | 0 |
Class A Convertible Preferred Stock | 5,242 | 5,956 |
Total Liabilities and Stockholders' Deficit | 16,058 | 10,140 |