$CBDW
1606 Corp

2023 Q3 Form 10-Q Financial Statement

#000147793223006186 Filed on August 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $80.00 $304.00
YoY Change -97.87% -93.06%
Cost Of Revenue $0.00 $3.556K
YoY Change -100.0% 141.58%
Gross Profit $80.00 -$3.252K
YoY Change -93.76% -211.75%
Gross Profit Margin 100.0% -1069.74%
Selling, General & Admin $461.5K $402.9K
YoY Change 200.57% 180.64%
% of Gross Profit 576895.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $461.5K $467.9K
YoY Change 283.69% 275.89%
Operating Profit -$461.4K -$471.2K
YoY Change 287.75% 287.56%
Interest Expense $2.521K
YoY Change
% of Operating Profit
Other Income/Expense, Net $42.37K -$2.521K
YoY Change
Pretax Income $503.8K -$471.2K
YoY Change -523.36% 287.56%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$503.8K -$471.2K
YoY Change 323.36% 287.56%
Net Earnings / Revenue -629760.0% -154988.16%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 46.16M shares 38.15M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $34.32K $26.97K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $129.2K $129.2K
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $198.5K $181.3K
YoY Change 73.18%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $0.00 $0.00
YoY Change -100.0%
TOTAL ASSETS
Total Short-Term Assets $198.5K $181.3K
Total Long-Term Assets $0.00 $0.00
Total Assets $198.5K $181.3K
YoY Change 73.17% 59.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.368M $872.2K
YoY Change 90.43% 45.73%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.368M $872.2K
Total Long-Term Liabilities
Total Liabilities $1.368M
YoY Change 90.43%
SHAREHOLDERS EQUITY
Retained Earnings -$2.046M -$1.543M
YoY Change 197.63% 171.31%
Common Stock $4.726K $4.616K
YoY Change 27.39% 24.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.170M -$690.9K
YoY Change
Total Liabilities & Shareholders Equity $198.5K $181.3K
YoY Change 73.17% 59.5%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$503.8K -$471.2K
YoY Change 323.36% 287.56%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Preferred Stock Voting Rights
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Each share of Class A Preferred Stock entitles the holder thereof to 50 votes on any matters requiring a shareholder vote of the Company
us-gaap Preferred Stock Conversion Basis
PreferredStockConversionBasis
Each share of our Class A Preferred Stock is convertible into Common Stock on a one-for-25 basis at the option of the holder
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us-gaap Use Of Estimates
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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 of America (“U.S. GAAP”) 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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us-gaap Preferred Stock Dividends Shares
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dei Entity Central Index Key
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dei Document Type
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dei Entity File Number
EntityFileNumber
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dei Entity Registrant Name
EntityRegistrantName
1606 Corp.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
86-1497346
dei Entity Address Address Line1
EntityAddressAddressLine1
2425 E. Camelback Rd Suite 150
dei Entity Address City Or Town
EntityAddressCityOrTown
Phoenix
dei Entity Address State Or Province
EntityAddressStateOrProvince
AZ
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
85016
dei City Area Code
CityAreaCode
602
dei Local Phone Number
LocalPhoneNumber
481-1544
dei Entity Current Reporting Status
EntityCurrentReportingStatus
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us-gaap Revenues
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us-gaap Revenues
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CY2022Q2 us-gaap Gross Profit
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us-gaap Gross Profit
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us-gaap Gross Profit
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CY2023Q2 us-gaap Loss On Sale Of Investments
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CY2022Q2 us-gaap Loss On Sale Of Investments
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us-gaap Loss On Sale Of Investments
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us-gaap Loss On Sale Of Investments
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CY2023Q2 us-gaap Selling General And Administrative Expense
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us-gaap Selling General And Administrative Expense
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onesix Selling And Marketing Policy Textblock
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<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Selling and Marketing costs are expensed as incurred and are reported under selling, general and marketing in the accompanying statements of operations. Such costs were $84,892 and $19,090 for the three months ended June 30, 2023 and 2022, respectively and $122,777 and $65,678 for the six months ended June 30, 2023 and 2022, respectively. </p>
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us-gaap Selling And Marketing Expense
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onesix Common Stock Issued In Payment Shares
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onesix Common Stock Issued In Payment Amount
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83000 usd

Files In Submission

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