10-Q
Quarterly Report
1606 Corp.
CIK: 1877461
File #: 000-53425
Balance Sheet
34 line items · 2 periods
XBRL
| Item | Jun 30, 2026 | Dec 31, 2025 |
|---|---|---|
CONDENSED BALANCE SHEETS | ||
Assets | ||
Current Assets | ||
Cash | 288 | 0 |
Other Non-Operating Current Assets | 41,293 | 16,058 |
Total Current Assets | 41,581 | 16,058 |
Other Current Assets | 0 | 0 |
Total Assets | 41,581 | 16,058 |
Liabilities and Stockholders' Deficit | ||
Current Liabilities | ||
Accounts Payable | 604,042 | 565,187 |
Accrued interest | 233,614 | 103,439 |
Chief Executive Officer - Convertible Notes Payable | 233,614 | — |
Asset Purchase Agreement | 14,273 | 12,700 |
Note payable to related party | 63,456 | 63,456 |
Short-Term Debt | 343,020 | 29,782 |
Other Non-Operating Current Liabilities | 829,211 | 1,574,121 |
Convertible notes, net of discount, related party shareholder | 1,903,307 | 902,385 |
Total Current Liabilities | 3,976,650 | 3,238,370 |
Total Liabilities | 3,976,650 | 3,238,370 |
Stockholders' Deficit | ||
Total Stockholders' Equity | 134,202 | 47,242 |
Total Stockholders' Equity | 5,346,083 | 4,957,247 |
Accumulated Deficit | (9,419,622) | (8,232,043) |
Total Stockholders' Deficit | (3,935,069) | (3,222,312) |
Accumulated Deficit | (9,419,622) | (8,232,043) |
Additional Paid-In Capital | 5,346,083 | 4,957,247 |
Common Stock | 134,202 | 47,242 |
Series B Super Voting Preferred Stock | 0 | 0 |
Class A Convertible Preferred Stock | 4,268 | 5,242 |
Total Liabilities and Stockholders' Deficit | 41,581 | 16,058 |
Class A Convertible Preferred Stock | 4,268 | 5,242 |
Series B Super Voting Preferred Stock | 0 | 0 |
Undesignated Preferred Stock | 0 | 0 |