$CBDW
1606 CORP.

2024 Q3 Form 10-Q Financial Statement

#000147793224004860 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $0.00 $0.00 $304.00
YoY Change -100.0% -100.0% -93.06%
Cost Of Revenue $0.00 $0.00 $3.556K
YoY Change -100.0% 141.58%
Gross Profit $0.00 $0.00 -$3.252K
YoY Change -100.0% -100.0% -211.75%
Gross Profit Margin -1069.74%
Selling, General & Admin $3.225M $288.7K $402.9K
YoY Change 598.71% -28.34% 180.64%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $3.246M $288.7K $467.9K
YoY Change 603.37% -38.29% 275.89%
Operating Profit -$3.246M -$288.7K -$471.2K
YoY Change 603.49% -38.72% 287.56%
Interest Expense $98.32K $128.4K $2.521K
YoY Change 211.87% 4994.61%
% of Operating Profit
Other Income/Expense, Net -$323.5K -$50.45K -$2.521K
YoY Change -863.37% 1901.31%
Pretax Income -$3.570M -$339.2K -$471.2K
YoY Change -808.53% -28.01% 287.56%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$3.570M -$339.2K -$471.2K
YoY Change 608.53% -28.01% 287.56%
Net Earnings / Revenue -154988.16%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 82.41M shares 65.36M shares 38.15M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $26.78K $75.00K $26.97K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $0.00 $72.77K $129.2K
Prepaid Expenses
Receivables $0.00 $2.762K
Other Receivables
Total Short-Term Assets $43.81K $195.7K $181.3K
YoY Change -77.94% 7.94%
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 $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $43.81K $195.7K $181.3K
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $43.81K $195.7K $181.3K
YoY Change -77.94% 7.94% 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 $2.140M $897.7K $872.2K
YoY Change 56.38% 2.93% 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 $2.140M $897.7K $872.2K
Total Long-Term Liabilities
Total Liabilities $2.140M $2.118M
YoY Change 56.38%
SHAREHOLDERS EQUITY
Retained Earnings -$6.617M -$3.048M -$1.543M
YoY Change 223.35% 97.56% 171.31%
Common Stock $8.760K $7.554K $4.616K
YoY Change 85.36% 63.65% 24.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.096M -$1.923M -$690.9K
YoY Change
Total Liabilities & Shareholders Equity $43.81K $195.7K $181.3K
YoY Change -77.94% 7.94% 59.5%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income -$3.570M -$339.2K -$471.2K
YoY Change 608.53% -28.01% 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

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NetCashProvidedByUsedInFinancingActivities
473097 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
432500 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
26063 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-78092 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48941 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
105065 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
75004 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26973 usd
us-gaap Interest Paid
InterestPaid
0 usd
us-gaap Interest Paid
InterestPaid
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
onesix Discount On Convertible Notes Payable From Derivative Liability Non Cash Transactions
DiscountOnConvertibleNotesPayableFromDerivativeLiabilityNonCashTransactions
87627 usd
onesix Discount On Convertible Notes Payable From Derivative Liability Non Cash Transactions
DiscountOnConvertibleNotesPayableFromDerivativeLiabilityNonCashTransactions
0 usd
onesix Settlement Of Derivative Liability Non Cash
SettlementOfDerivativeLiabilityNonCash
151440 usd
onesix Settlement Of Derivative Liability Non Cash
SettlementOfDerivativeLiabilityNonCash
0 usd
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
40937 usd
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
0 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of the condensed financial statements in conformity with 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 condensed financial statements, and the reported amounts of revenues and expenses during the reporting period. Accordingly, actual results may differ from those estimates.</p>
onesix Selling And Marketing Policy Textblock
SellingAndMarketingPolicyTextblock
<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 administrative in the accompanying condensed statements of operations. Selling, general and administrative costs were $686,660 and $753,027 during the six months ended June 30, 2024 and 2023, respectively.</p>
CY2024Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
55920127 shares
us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
2071713 shares

Files In Submission

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0001477932-24-004860-index-headers.html Edgar Link pending
0001477932-24-004860-index.html Edgar Link pending
0001477932-24-004860.txt Edgar Link pending
0001477932-24-004860-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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onesix-20240630.xsd Edgar Link pending
onesix_10q.htm Edgar Link pending
onesix_ex311.htm Edgar Link pending
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onesix_ex321.htm Edgar Link pending
R1.htm Edgar Link pending
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onesix-20240630_cal.xml Edgar Link unprocessable
onesix-20240630_def.xml Edgar Link unprocessable
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onesix-20240630_pre.xml Edgar Link unprocessable
onesix_10q_htm.xml Edgar Link completed
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