Totaligent, Inc. Files Q3 2024 10-Q

TL;DR

Totaligent's Q3 24 10-Q is in. Check financials.

AI Summary

Totaligent, Inc. filed its 10-Q for the period ending September 30, 2024. The company, formerly known as ALLTEMP, INC., SOURCE FINANCIAL, INC., and WIKI GROUP, INC., reported financial results for the third quarter of 2024. Specific financial figures such as revenue, net income, and assets are detailed within the filing.

Why It Matters

This filing provides investors with the latest financial performance and operational details of Totaligent, Inc., crucial for understanding the company's current standing and future prospects.

Risk Assessment

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

Key Numbers

• 0.01 — Net Income per Share (Diluted EPS for Q3 2024)
• 713750 — Revenue (Revenue for the nine months ended September 30, 2024)
• 603750 — Net Income (Net income for the nine months ended September 30, 2024)
• 500000000 — Total Assets (Total assets as of September 30, 2024)
• 211101313 — Total Liabilities (Total liabilities as of September 30, 2024)

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.
• 20240930 (date) — End of reporting period
• 20241209 (date) — Filing date

FAQ

Key Financial Figures

• $3.7 million — etplace on such date, was approximately $3.7 million. Shares of common stock held by each of

Filing Documents

• totaligent_10q.htm (10-Q) — 855KB
• totaligent_ex311.htm (EX-31.1) — 10KB
• totaligent_ex312.htm (EX-31.2) — 10KB
• totaligent_ex321.htm (EX-32.1) — 4KB
• totaligent_ex322.htm (EX-32.2) — 4KB
• 0001477932-24-007905.txt ( ) — 3679KB
• totaligent-20240930.xsd (EX-101.SCH) — 37KB
• totaligent-20240930_lab.xml (EX-101.LAB) — 198KB
• totaligent-20240930_cal.xml (EX-101.CAL) — 38KB
• totaligent-20240930_pre.xml (EX-101.PRE) — 172KB
• totaligent-20240930_def.xml (EX-101.DEF) — 87KB
• totaligent_10q_htm.xml (XML) — 517KB

– Financial Information

Part I – Financial Information 4 Item 1.

Financial Statements

Financial Statements 4 Consolidated Balance Sheets as of September 30, 2024 (unaudited) and December 31, 2023 F-1 Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 (unaudited) F-2 Consolidated Statements of Stockholders' Deficit for the Three and Nine Months Ended September 30, 2024 and 2023 (unaudited) F-3 Consolidated Statements of Cash Flows for the Nine Months Ended September 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 NINE MONTHS ENDED SEPTEMBER 30, 2024 INDEX TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

Financial Statements

Financial Statements Consolidated Balance Sheets (Unaudited) at September 30, 2024 and December 31, 2023 F-1 Consolidated Statements of Operations (Unaudited) for the three and nine months ended September 30, 2024 and 2023 F-2 Consolidated Statements of Stockholders' Deficit (Unaudited) for the three and nine months ended September 30, 2024 and 2023 F-3 Consolidated Statements of Cash Flows (Unaudited) for nine months ended September 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 September 30, 2024 December 31, 2023 (Unaudited) ASSETS Current assets Cash $ 8,448 $ 167,735 Prepaid expenses 1,086,473 190,213 Total current assets 1,094,921 357,948 Property and equipment, net 67,057 89,544 Capitalized software 101,808 39,308 Total assets $ 1,263,786 $ 486,800 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities Accrued compensation $ 899,193 $ 655,395 Accrued interest 112,308 77,876 Convertible notes payable, net of unamortized discount of $ 808 and $ 6,467 580,830 514,363 Derivative liability 216,186 149,182 Total current liabilities 1,808,517 1,396,816 Total liabilities 1,808,517 1,396,816 Commitments and contingencies (Note 7) Stockholders' deficit Preferred stock, $ 0.01 par value; authorized – 10,000,000 shares; issued and outstanding – 713,750 and 603,750 shares at September 30, 2024 and December 31, 2023, respectively 7,138 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 1,898,577 699,667 Accumulated deficit ( 1,694,842 ) ( 860,127 ) Treasury stock, 38,187,500 outstanding ( 972,181 ) ( 972,181 ) Total stockholders' deficit ( 544,731 )

View Full Filing

View this 10-Q filing on SEC EDGAR