10-Q
Quarterly Report
1606 Corp.
CIK: 1877461
File #: 000-53425
Balance Sheet
33 line items · 2 periods
XBRL
| Item | Mar 31, 2026 | Dec 31, 2025 |
|---|---|---|
CONDENSED BALANCE SHEETS | ||
Assets | ||
Current Assets | ||
Cash | 9,041 | 0 |
Other Non-Operating Current Assets | 61,432 | 16,058 |
Total Current Assets | 70,473 | 16,058 |
Total Assets | 70,473 | 16,058 |
Liabilities and Stockholders' Deficit | ||
Current Liabilities | ||
Accounts Payable | 583,730 | 565,187 |
Accrued interest | 177,710 | 103,439 |
Chief Executive Officer - Convertible Notes Payable | 177,711 | — |
Asset Purchase Agreement | 13,482 | 12,700 |
Note payable to related party | 63,456 | 63,456 |
Short-Term Debt | 168,598 | 29,782 |
Other Non-Operating Current Liabilities | 1,694,382 | 1,574,121 |
Convertible notes, net of discount, related party shareholder | 1,465,213 | 902,385 |
Total Current Liabilities | 4,153,089 | 3,238,370 |
Total Liabilities | 4,153,089 | 3,238,370 |
Stockholders' Deficit | ||
Class A Convertible Preferred Stock | 4,908 | 5,242 |
Series B Super Voting Preferred Stock | 0 | 0 |
Undesignated Preferred Stock | 0 | 0 |
Total Stockholders' Equity | 77,094 | 47,242 |
Total Stockholders' Equity | 5,133,941 | 4,957,247 |
Accumulated Deficit | (9,298,559) | (8,232,043) |
Total Stockholders' Deficit | (4,082,616) | (3,222,312) |
Accumulated Deficit | (9,298,559) | (8,232,043) |
Additional Paid-In Capital | 5,133,941 | 4,957,247 |
Common Stock | 77,094 | 47,242 |
Series B Super Voting Preferred Stock | 0 | 0 |
Class A Convertible Preferred Stock | 4,908 | 5,242 |
Total Liabilities and Stockholders' Deficit | 70,473 | 16,058 |