1606 CORP. Financial Summary

Complete Filing Data

1606 CORP. reported Stockholders Equity of -$3.22 million for FY2025.

All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean 1606 CORP. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.

Income Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Net Income *-$1.3M-$4.5M-$1.6M-$540.0K-$316.0K-$227.7K
Revenues$0.00$7.2K$1.6K$13.9K$34.1K$67.9K
Operating Expenses$485.7K$4.1M$1.6M$541.2K$313.6K$243.8K
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest-$1.3M-$4.5M-$1.6M-$540.0K-$301.3K-$227.7K
Gross Profit$0.00-$118.00$608.00$1.2K$12.4K$16.1K
Cost Of Goods And Services Sold$0.00$7.3K$995.00$12.8K$21.7K$51.8K
Selling General And Administrative Expense$485.7K$4.1M$1.6M$541.2K$54.8K
Income Tax Expense Benefit$0.00$0.00$0.00$0.00$0.00$0.00
Income Taxes Paid Net$0.00$0.00$0.00$0.00$0.00
Operating Income Loss-$485.7K-$4.1M-$1.6M-$540.0K
Interest Expense$953.7K$491.4K-$153.5K
Other Nonoperating Income Expense-$809.3K-$376.7K
Financing Interest Expense$0.00$200.6K$0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021
Net Income *-$384.5K-$210.1K-$208.3K-$3.6M-$339.2K-$286.4K-$566.3K-$533.7K-$292.7K-$119.0K-$121.6K-$145.8K-$103.4K-$85.9K-$14.7K
Revenues$0.00$0.00$0.00$0.00$0.00$7.2K$78.00$304.00$1.2K$3.8K$4.4K$4.9K$3.2K$7.6K$15.6K
Operating Expenses$111.4K$117.1K$174.2K$3.2M$288.7K$397.9K$492.5K$527.9K$292.7K$120.3K$124.5K$148.9K$103.6K$88.0K$18.4K
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest-$384.5K-$210.1K-$208.3K-$3.6M-$339.2K-$286.4K-$566.3K-$533.7K-$292.7K$119.0K-$121.6K-$145.8K-$103.4K-$85.9K-$14.7K
Gross Profit$0.00$0.00$0.00$0.00$0.00-$118.00$78.00-$3.3K-$55.00$1.3K$2.9K$3.2K$214.00$2.1K$3.7K
Cost Of Goods And Services Sold$0.00$0.00$0.00$0.00$0.00$7.3K$0.00$3.6K$1.2K$2.5K$1.5K$1.8K$3.0K$5.5K$11.9K
Selling General And Administrative Expense$111.4K$117.1K$174.2K$3.2M$288.7K$397.9K$492.5K$462.9K$292.7K$120.3K$124.5K$148.9K
Income Tax Expense Benefit$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Income Taxes Paid Net$0.00$0.00$0.00$0.00$0.00
Operating Income Loss-$111.4K-$117.1K-$174.2K-$3.2M-$288.7K-$398.0K-$492.4K-$531.1K-$292.7K-$119.0K
Interest Expense$317.3K$63.1K$62.1K$98.3K$128.4K$180.0K$31.5K$2.5K
Other Nonoperating Income Expense-$273.1K-$93.0K-$34.1K-$323.5K-$50.5K$111.6K-$73.9K-$2.5K
Financing Interest Expense

Balance Sheet

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Stockholders Equity-$3.2M-$2.2M-$1.4M-$595.1K-$217.5K$50.3K$94.8K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$0.00$2.1K$48.9K$105.1K$9.5K$0.00
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect-$2.1K-$46.9K-$56.1K$95.5K$9.5K$0.00
Retained Earnings Accumulated Deficit-$8.2M-$6.9M-$2.4M-$841.3K-$301.3K$0.00
Liabilities Current$3.2M$2.2M$1.6M$91.8K$222.1K$0.00
Liabilities And Stockholders Equity$16.1K$10.1K$148.3K$231.8K$41.0K$50.3K
Common Stock Value$47.2K$11.3K$5.9K$3.7K$3.7K$0.00
Assets$16.1K$10.1K$148.3K$231.8K$41.0K$50.3K
Prepaid Expense And Other Assets Current$16.1K$8.1K$1.4K$13.6K$0.00
Interest Payable Current$103.4K$48.5K$10.1K$3.2K$0.00
Inventory Net$0.00$72.9K$113.2K$31.4K$50.3K
Liabilities$3.2M$2.2M$1.6M$826.9K$258.5K$0.00
Assets Current$16.1K$10.1K$148.3K$231.8K
Notes Payable Related Party Classified Current$63.5K$63.5K$63.5K$63.5K
Amortization Of Debt Discount Premium$850.8K$360.8K$119.3K$0.00
Repayments Of Convertible Debt$309.9K$436.4K$95.5K$0.00
Derivative Liabilities Current$1.6M$40.6K$193.0K$0.00
Notes Receivable Net$0.00$21.5K$0.00
Common Stock Issued For Cash Amount$83.1K$412.5K
Preferred Stock Issued For Services Amount$3.0M$110.0K
Gains Losses On Extinguishment Of Debt$55.3K$37.5K$0.00
Loss On Sale Of Investments$0.00$21.5K$65.0K$0.00
Long Term Note Payable To Related Party Current Portion$27.0K$0.00
Cash And Cash Equivalents At Carrying Value$48.9K$105.1K$0.00
Notes Payable Related Parties Classified Current$195.1K$0.00
Common Stock Issued For Services Amount$15.0K$43.4K$178.5K
Credit Card Payable$0.00
Change In Fair Value Of Derivative Liabilities$77.2K$192.8K$0.00
Accounts Receivable Net Current$82.00
Accounts Receivable Net$0.00$3.6K$0.00
Accounts Payable And Other Accrued Liabilities$565.2K$499.2K$295.0K$25.2K
Settlement Of Derivative Liability$59.8K
Notes Payable Related Parties Noncurrent$0.00$36.4K$0.00
Net Investment In Lease Accrued Interest Writeoff

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021Q1 2021Q4 2020
Stockholders Equity-$2.9M-$2.5M-$2.4M-$2.1M-$1.9M-$1.6M-$1.4M-$815.9K-$475.3K-$603.9K-$484.9K-$363.3K-$114.4K-$10.9K$41.3K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$998.00$1.9K$285.00$26.8K$75.0K$15.9K$34.3K$27.0K$220.1K$1.5K$8.7K$13.3K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect-$1.8K-$33.1K$115.0K-$881.00$2.9K
Retained Earnings Accumulated Deficit-$7.7M-$7.4M-$7.1M-$6.6M-$3.0M-$2.7M-$2.0M-$1.5M-$1.1M-$687.6K-$568.6K-$447.0K
Liabilities Current$2.9M$2.6M$2.4M$2.1M$897.7K$732.9K$1.4M$872.2K$838.7K$718.5K$598.5K$403.5K
Liabilities And Stockholders Equity$14.6K$26.8K$285.00$43.8K$195.7K$142.1K$198.5K$181.3K$426.0K$114.7K$113.7K$40.2K
Common Stock Value$20.1K$16.4K$14.0K$8.8K$7.6K$6.6K$4.7K$4.6K$4.3K$3.7K$3.7K$3.7K
Assets$14.6K$26.8K$285.00$43.8K$195.7K$142.1K$198.5K$181.3K$426.0K$114.7K$113.7K$40.2K
Prepaid Expense And Other Assets Current$13.6K$24.9K$0.00$17.0K$23.6K$29.2K$9.9K$0.00$12.7K
Interest Payable Current$43.0K$19.6K$31.5K$52.9K$45.4K$36.1K$8.3K$8.2K$5.7K
Inventory Net$0.00$72.8K$72.8K$129.2K$129.2K$113.1K$113.1K$93.9K$31.1K
Liabilities$2.9M$2.6M$2.4M$2.1M$2.1M$1.8M$1.4M$718.5K$598.5K$403.5K
Assets Current$14.6K$26.8K$285.00$43.8K$195.7K$142.1K$198.5K$181.3K$361.0K
Notes Payable Related Party Classified Current$63.5K$63.5K$63.5K$63.5K$63.5K$63.5K$63.5K$63.5K
Amortization Of Debt Discount Premium$58.7K$115.6K$0.00
Repayments Of Convertible Debt$133.4K$132.6K$0.00
Derivative Liabilities Current$1.7M$123.6K$93.7K$86.6K$62.5K$81.7K$443.3K
Notes Receivable Net$21.5K$21.5K$21.5K$21.5K$11.5K
Common Stock Issued For Cash Amount$12.0K$20.8K$50.3K$190.9K$125.0K$25.0K$75.0K
Preferred Stock Issued For Services Amount$2.9M$60.0K
Gains Losses On Extinguishment Of Debt-$3.4K$22.0K$25.0K$102.6K$0.00$0.00$0.00
Loss On Sale Of Investments$0.00$65.0K$0.00$0.00
Long Term Note Payable To Related Party Current Portion$63.5K$63.5K$63.5K$63.5K$63.5K
Cash And Cash Equivalents At Carrying Value$34.3K$27.0K$220.1K$19.3K$8.7K$9.5K$19.6K$2.9K$0.00
Notes Payable Related Parties Classified Current$735.1K$735.1K$655.1K$535.1K$340.1K
Common Stock Issued For Services Amount$13.4K$30.0K
Credit Card Payable$38.4K$23.1K$25.2K
Change In Fair Value Of Derivative Liabilities-$291.6K$0.00
Accounts Receivable Net Current$0.00$2.8K$2.8K$3.6K$510.00$475.00$0.00
Accounts Receivable Net$3.6K$3.6K$3.6K
Accounts Payable And Other Accrued Liabilities$604.1K$568.0K$528.1K$66.7K
Settlement Of Derivative Liability$151.5K-$26.4K-$125.0K
Notes Payable Related Parties Noncurrent$0.00$0.00$0.00
Net Investment In Lease Accrued Interest Writeoff$21.5K$0.00$0.00$65.0K

Cash Flow Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Proceeds From Issuance Of Common Stock$83.1K$371.1K$412.5K$162.5K$75.0K$0.00
Net Cash Provided By Used In Operating Activities-$460.8K-$891.0K-$747.1K-$610.2K-$260.5K-$95.3K
Net Cash Provided By Used In Investing Activities$0.00$0.00-$86.5K$0.00$0.00$0.00
Net Cash Provided By Used In Financing Activities$458.7K$844.1K$777.5K$705.7K$270.1K$95.3K
Increase Decrease In Accounts Receivable$0.00-$3.6K$3.6K$0.00-$82.00-$32.9K
Increase Decrease In Inventories$0.00-$40.3K$81.7K-$18.8K-$11.5K
Increase Decrease In Prepaid Deferred Expense And Other Assets$8.0K$6.6K-$12.1K$13.6K$0.00
Increase Decrease In Accounts Payable And Accrued Liabilities$66.0K$204.2K$269.9K$25.2K
Proceeds From Convertible Debt$146.0K$494.5K$245.0K$0.00
Increase Decrease In Interest Payable Net$55.0K$48.9K$34.2K$0.00
Proceeds From Minority Shareholders$539.5K$415.0K$215.5K$543.2K
Increase Decrease In Notes Receivables
Increase Decrease In Credit Card Payable$25.2K$0.00
Proceeds From Repayments Of Notes Payable$540.0K$195.1K$0.00
Payments To Acquire Notes Receivable$0.00$21.5K$0.00
Share Based Compensation$0.00$88.0K

Quarterly (10-Q, single quarters)

Metric \ QuarterQ1 2025Q1 2024Q1 2023Q1 2022Q1 2021
Proceeds From Issuance Of Common Stock$50.3K$125.0K$412.5K$0.00$0.00
Net Cash Provided By Used In Operating Activities-$157.7K-$265.4K-$235.0K-$145.9K-$2.8K
Net Cash Provided By Used In Investing Activities$0.00$0.00-$65.0K$0.00$0.00
Net Cash Provided By Used In Financing Activities$155.9K$232.4K$415.0K$145.0K$5.6K
Increase Decrease In Accounts Receivable$0.00-$755.00-$3.6K$0.00-$56.00
Increase Decrease In Inventories$0.00-$84.00$100.00-$475.00-$11.9K
Increase Decrease In Prepaid Deferred Expense And Other Assets-$8.1K$27.7K$893.00
Increase Decrease In Accounts Payable And Accrued Liabilities$28.9K$107.9K-$2.1K
Proceeds From Convertible Debt$76.0K$170.0K$0.00
Increase Decrease In Interest Payable Net-$17.0K$26.0K$0.00
Proceeds From Minority Shareholders$163.0K$70.0K
Increase Decrease In Notes Receivables$0.00-$11.5K$0.00
Increase Decrease In Credit Card Payable-$2.1K$0.00
Proceeds From Repayments Of Notes Payable$145.0K$0.00
Payments To Acquire Notes Receivable
Share Based Compensation$0.00$0.00

Per-Share & Share Counts

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Diluted EPS *-$0.01-$0.06-$0.03-$0.01$0.00
Earnings Per Shares Basic And Diluted$-0.03$-0.01$-0.01
Common Stock Shares Outstanding472.4M112.7M58.6M37.4M37.1M0.00
Common Stock Shares Issued472.4M112.7M58.6M37.4M37.1M0.00
Common Stock Shares Authorized5.00B5.00B5.00B5.00B5.00B5.00B
Common Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00
Weighted Average Number Of Shares Outstanding Basic And Diluted37.1M37.1M
Shares Issued For Services Provided Value15.0K3.0M-288.5K0.00
Weighted Average Number Of Diluted Shares Outstanding195.3M78.2M47.3M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021
Diluted EPS *$0.00$0.00$0.00-$0.07-$0.01-$0.01
Earnings Per Shares Basic And Diluted$-0.04$-0.01$0.00$-0.01$-0.01$-0.01$0.00$0.00$0.00$0.00$0.00$0.00
Common Stock Shares Outstanding201.4M112.7M139.6M87.6M75.5M65.9M47.3M46.2M43.2M37.1M37.1M37.1M
Common Stock Shares Issued201.4M164.3M139.6M87.6M75.5M65.9M47.3M46.2M43.2M37.1M37.1M37.1M
Common Stock Shares Authorized5.00B5.00B5.00B5.00B5.00B5.00B5.00B5.00B5.00B5.00B5.00B5.00B
Common Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Weighted Average Number Of Shares Outstanding Basic And Diluted81.9M50.8M50.4M46.7M44.3M37.9M37.1M37.1M37.1M37.1M37.1M37.1M
Shares Issued For Services Provided Value0.00-90.0K
Weighted Average Number Of Diluted Shares Outstanding178.3M144.3M124.2M50.8M50.8M50.4M

Other Metrics

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Additional Paid In Capital$5.0M$4.7M$995.6K$236.8K$74.4K
Share Conversions Amount$0.00$0.00$0.00
Interest Paid$0.00$0.00$0.00$0.00
Stock Issued During Period Value New Issues$412.5K$162.5K$75.0K
Derivative Gain Loss On Derivative Net
Interest Paid Net$0.00$0.00$0.00
Convertible Notes Net Of Discount$29.8K$188.3K$51.1K$0.00
Other Expenses$376.7K$39.2K$0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q1 2021
Additional Paid In Capital$4.8M$4.8M$4.8M$4.5M$1.1M$1.1M$866.4K$841.5K$648.8K$74.4K$74.4K$74.4K
Share Conversions Amount$0.00$0.00$0.00$0.00$0.00$0.00$0.00$143.0K$0.00
Interest Paid$0.00$0.00$0.00
Stock Issued During Period Value New Issues$125.0K$0.00$50.0K$412.5K
Derivative Gain Loss On Derivative Net-$327.7K$78.0K$291.6K-$42.4K$0.00$0.00
Interest Paid Net$0.00$0.00$0.00
Convertible Notes Net Of Discount$486.6K$55.5K$108.6K$31.5K
Other Expenses$291.6K$42.4K$0.00$0.00

Most recent annual filing with the SEC: March 27, 2026

Data sourced from SEC EDGAR public filings as of August 5, 2026.