$CBDW
1606 CORP.

2023 Q1 Form 10-K Financial Statement

#000147793223001430 Filed on March 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $1.170K $880.00 $13.94K
YoY Change -76.22% -59.07%
Cost Of Revenue $1.225K $7.050K $12.76K
YoY Change -30.56% -41.18%
Gross Profit -$55.00 -$6.170K $1.182K
YoY Change -101.74% -90.45%
Gross Profit Margin -4.7% -701.14% 8.48%
Selling, General & Admin $230.2K -$174.2K $100.7K
YoY Change 17.72% -69.61%
% of Gross Profit 8523.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $230.2K -$57.14K $541.2K
YoY Change 54.55% 72.56%
Operating Profit -$230.2K $50.97K -$540.0K
YoY Change 57.93% 79.26%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00
YoY Change
Pretax Income -$230.2K -$153.7K -$540.0K
YoY Change 57.93% 79.26%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$230.2K -$153.7K -$540.0K
YoY Change 57.93% 70.92%
Net Earnings / Revenue -19676.24% -17465.91% -3872.9%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.01 -$0.01 -$0.01
COMMON SHARES
Basic Shares Outstanding 38.15M shares 37.10M shares 37.14M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $220.1K $105.1K $105.1K
YoY Change 1001.36%
Cash & Equivalents $220.1K $105.1K
Short-Term Investments
Other Short-Term Assets $12.68K $13.58K $13.58K
YoY Change
Inventory $113.1K $113.2K $113.2K
Prepaid Expenses
Receivables $3.590K
Other Receivables $11.50K
Total Short-Term Assets $361.0K $231.8K $231.8K
YoY Change 465.55%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $65.00K
YoY Change
Total Long-Term Assets $65.00K $0.00 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $361.0K $231.8K $231.8K
Total Long-Term Assets $65.00K $0.00 $0.00
Total Assets $426.0K $231.8K $231.8K
YoY Change 958.92% 465.52% 465.55%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $17.14K $3.170K $3.170K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $798.5K $798.5K $798.5K
YoY Change 259.56%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $838.7K $826.9K $826.9K
YoY Change 107.86% 272.32% 272.33%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $838.7K $826.9K $826.9K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $838.7K $826.9K $826.9K
YoY Change 107.86% 219.86% 219.86%
SHAREHOLDERS EQUITY
Retained Earnings -$1.072M -$841.3K
YoY Change 179.26%
Common Stock $4.321K $3.742K
YoY Change 16.47% 0.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$412.8K -$595.1K -$595.1K
YoY Change
Total Liabilities & Shareholders Equity $426.0K $231.8K $231.8K
YoY Change 465.52% 465.55%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$230.2K -$153.7K -$540.0K
YoY Change 57.93% 70.92%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$235.0K -$142.1K -$610.2K
YoY Change 61.07% 134.22%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions $65.00K
YoY Change
Other Investing Activities -$65.00K $0.00 $0.00
YoY Change
Cash From Investing Activities -$65.00K $0.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $162.5K
YoY Change 116.67%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $415.0K 245.7K $705.7K
YoY Change 186.22% 161.31%
NET CHANGE
Cash From Operating Activities -$235.0K -142.1K -$610.2K
Cash From Investing Activities -$65.00K 0.000 $0.00
Cash From Financing Activities $415.0K 245.7K $705.7K
Net Change In Cash $115.0K 103.5K $95.52K
YoY Change -13158.46% 900.96%
FREE CASH FLOW
Cash From Operating Activities -$235.0K -$142.1K -$610.2K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2022 dei Entity Registrant Name
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1606 Corp.
CY2022 dei Entity Incorporation State Country Code
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CY2022 dei Entity Tax Identification Number
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CY2022 dei Entity Address Address Line1
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2425 E. Camelback Rd Suite 150
CY2022 dei Entity Address City Or Town
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CY2022 dei Entity Address State Or Province
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CY2022 dei City Area Code
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CY2022 dei Security12g Title
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Turner, Stone & Company, L.L.P.
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Accordingly, actual results may differ from those estimates.</p>
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