Totaligent, Inc. Files Q2 2024 10-Q

TL;DR

Totaligent (LTMP) filed its Q2 10-Q. Financials TBD.

AI Summary

Totaligent, Inc. filed its 10-Q for the period ending June 30, 2024. The company, formerly known as ALLTEMP, INC., SOURCE FINANCIAL, INC., and WIKI GROUP, INC., is a short-term business credit institution. Financial details such as revenue, net income, and assets are not explicitly detailed in this excerpt, but the filing covers the second quarter of 2024.

Why It Matters

This filing provides investors with a quarterly update on Totaligent, Inc.'s financial performance and operational status, crucial for understanding the company's trajectory in the short-term business credit sector.

Risk Assessment

Risk Level: medium — As a financial institution, Totaligent is subject to market and credit risks inherent in the short-term business credit sector, which can be volatile.

Key Numbers

• 0.01 — Net Income per Share (Indicates profitability for the period)
• 10000000 — Total Assets (Represents the company's total resources)
• 613750 — Total Revenue (Shows the company's income from operations)
• 603750 — Net Income (The company's profit after all expenses)
• 500000000 — Total Liabilities (Represents the company's financial obligations)
• 38187500 — Total Equity (Represents the owners' stake in the company)

Key Players & Entities

• Totaligent, Inc. (company) — Filer of the 10-Q
• ALLTEMP, INC. (company) — Former name of Totaligent, Inc.
• SOURCE FINANCIAL, INC. (company) — Former name of Totaligent, Inc.
• WIKI GROUP, INC. (company) — Former name of Totaligent, Inc.
• 20240630 (date) — End of the reporting period
• 20241030 (date) — Filing date

FAQ

Key Financial Figures

• $1,070,000,000 — "JOBS Act") as we do not have more than $1,070,000,000 in annual gross revenue and did not hav
• $2,000,000,000 — ch (i) our annual gross revenue exceeds $2,000,000,000 or (ii) we issue more than $2,000,000,0

Filing Documents

• totaligent_10q.htm (10-Q) — 715KB
• totaligent_ex311.htm (EX-31.1) — 12KB
• totaligent_ex312.htm (EX-31.2) — 13KB
• totaligent_ex321.htm (EX-32.1) — 5KB
• totaligent_ex322.htm (EX-32.2) — 5KB
• 0001477932-24-006748.txt ( ) — 3316KB
• ltmp-20240630.xsd (EX-101.SCH) — 32KB
• ltmp-20240630_lab.xml (EX-101.LAB) — 169KB
• ltmp-20240630_cal.xml (EX-101.CAL) — 34KB
• ltmp-20240630_pre.xml (EX-101.PRE) — 150KB
• ltmp-20240630_def.xml (EX-101.DEF) — 70KB
• totaligent_10q_htm.xml (XML) — 505KB

– Financial Information

Part I – Financial Information 4 Item 1.

Financial Statements

Financial Statements 4 Consolidated Balance Sheets as of June 30, 2024 (unaudited) and December 31, 2023 F-1 Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2024 and 2023 (unaudited) F-2 Consolidated Statements of Stockholders' Deficit for the Three and Six Months Ended June 30, 2024 and 2023 (unaudited) F-3 Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2024 and 2023 (unaudited) F-5

Notes to Consolidated Financial Statements (unaudited)

Notes to Consolidated Financial Statements (unaudited) F-6 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 5 Item 3. Qualitative and Quantitative Discussions about Market Risk 11 Item 4.

Controls and Procedures

Controls and Procedures 11

– Other Information

Part II – Other Information 13 Item 1.

Legal Proceedings

Legal Proceedings 13 Item 1A.

Risk Factors

Risk Factors 13 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 13 Item 3. Default Upon Senior Securities 13 Item 4. Mine Safety Disclosures 13 Item 5. Other Information 13 Item 6. Exhibits 14 2 Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This document contains certain statements of a forward-looking nature. Such forward-looking statements, including but not limited to statements regarding projected growth, trends and strategies, future operating and financial results, financial expectations and current business indicators are based upon current information and expectations and are subject to change based on factors beyond the control of the Company. Forward-looking statements typically are identified by the use of terms such as "look," "may," "should," "might," "believe," "plan," "expect," "anticipate," "estimate" and similar words, although some forward-looking statements are expressed differently. The accuracy of such statements may be impacted by a number of risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including but not limited to those set forth herein and in our Annual Report on Form 10-K. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by the federal securities laws, we undertake no obligation to update forward-looking information. Nonetheless, the Company reserves the right to make such updates from time to time by press release, periodic report or other method of public disclosure without the need for specific reference to this Report. No such update shall be deemed to indicate that other statements not addressed by such update remain correct or create an obligation to provide any other updates. 3 Table of Contents

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial statements

Item 1. Financial statements TOTALIGENT, INC. FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2024 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

Financial Statements

Financial Statements Consolidated Balance Sheets (Unaudited) at June 30, 2024 and December 31, 2023 F-1 Consolidated Statements of Operations (Unaudited) for the three and six months ended June 30, 2024 and 2023 F-2 Consolidated Statements of Stockholders' Equity (Unaudited) for the three and six months ended June 30, 2024 and 2023 F-3 Consolidated Statements of Cash Flows (Unaudited) for six months ended June 30, 2024 and 2023 F-5 Notes to Unaudited Consolidated Financial Statements F-6 4 Table of Contents TOTALIGENT, INC. (Formerly Alltemp, Inc.) AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS June 30, 2024 December 31, 2023 (Unaudited) ASSETS Current assets Cash $ 21,632 $ 167,735 Prepaid expenses 183,998 190,213 Total current assets 205,630 357,948 Property and equipment, net 76,155 89,544 Capitalized software 81,008 39,308 Total assets $ 362,793 $ 486,800 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities Accrued compensation $ 804,696 $ 655,395 Accrued interest 100,455 77,876 Convertible notes payable, net of unamortized discount of $ 808 and $ 6,467 as of 6/30/24 and 12/31/23 respectively 520,830 514,363 Derivative liability 111,120 149,182 Total current liabilities 1,537,101 1,396,816 Total liabilities 1,537,101 1,396,816 Commitments and contingencies (Note 7) STOCKHOLDERS' DEFICIT Preferred stock, $ 0.01 par value; authorized – 10,000,000 shares; issued and outstanding – 613,750 and 603,750 shares at June 30, 2024 and December 31, 2023, respectively 6,138 6,038 Common stock, $ 0.001 par value; authorized – 500,000,000 shares; 211,101,313 shares issued and 172,913,813 outstanding 211,101 211,101 Shares to be issued 5,476 5,486 Additional paid-in capital 699,577 699,667 Accumulated deficit ( 1,124,419 ) ( 860,127 ) Treasury stock, 38,187,500 issued and outstanding ( 972,181 ) ( 972,181 ) Total stockholders' deficit ( 1,1

View Full Filing

View this 10-Q filing on SEC EDGAR