Every 10-Q that 1606 Corp (CBDW) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CBDW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CBDW filings page.
1606 Corp reported no revenue for the three and six months ended June 30, 2026 and recorded net losses of $121,063 for the quarter and $1,187,579 year-to-date, compared with losses of $210,111 and $418,450 in the prior-year periods. The larger loss mainly reflects $1,126,054 of interest expense, including amortization of debt discounts, and a $450,000 acquisition extension fee, partly offset by a $654,704 gain from the change in fair value of derivative liabilities.
The balance sheet shows $41,581 in total assets against $3,976,650 in liabilities, resulting in a stockholders’ deficit of $3,935,069. Management states that these conditions raise substantial doubt about the company’s ability to continue as a going concern and estimates a $1,000,000 cash need over the next 12 months, excluding a planned Texas property acquisition requiring $7,000,000 in cash at closing.
Liquidity is being funded through high‑discount convertible notes and a related‑party convertible note with a $2,064,584 principal balance that is convertible at a 50% discount to market, driving significant dilution. Common shares outstanding rose from 472,426,803 at December 31, 2025 to 1,342,039,105 at August 14, 2026. The company is shifting its strategy from AI chatbots toward power infrastructure and data‑center assets, including a pending acquisition of Sim Agro Inc. and a purchase agreement for a 55‑megawatt Texas power facility, though both transactions remain uncompleted. Management also discloses material weaknesses in internal controls, including lack of an audit committee and inadequate segregation of duties.
1606 Corp. reported a net loss of $1,066,516 for the quarter ended March 31, 2026, with no revenue and total assets of only $70,473. Operating expenses were modest at $168,472, but heavy financing costs drove results.
Interest expense rose to $544,468, largely from amortization of discounts on convertible notes, and the company expensed a $250,000 non‑refundable acquisition extension fee tied to a Texas power facility purchase agreement. Management discloses substantial doubt about the company’s ability to continue as a going concern and relies on raising additional capital.
At March 31, 2026, liabilities totaled $4,153,089 against a stockholders’ deficit of $4,082,616, including $1,694,382 of derivative liabilities and $1,633,811 of convertible notes, net. The firm is shifting strategy from AI chatbots toward power infrastructure and data‑center‑related assets, with pending transactions for a Lufkin, Texas power plant and a majority interest in Sim Agro Inc., but both remain subject to financing and closing conditions.
1606 Corp (CBDW) filed its Q3 2025 10‑Q, reporting $0 revenue and a net loss of $384,516 for the quarter. Management disclosed “substantial doubt” about continuing as a going concern. Cash was $998 at September 30, 2025, while operating cash use for the nine months was $349,281. The balance sheet shows a derivative liability of $1,706,892 tied to convertible financing and convertible notes, net, of $486,613 (gross $1,903,900 less discounts). Stockholders’ deficit widened to $(2,889,439).
Equity activity was significant: 88,709,285 common shares were issued year‑to‑date through preferred conversions, note conversions, and equity sales. Subsequent events added 54,857,142 shares on note conversion and 39,558,025 from preferred conversions. Common shares outstanding were 201,421,230 as of September 30, 2025, and 295,836,397 as of November 12, 2025. Internal controls were deemed not effective due to material weaknesses, and the company noted reliance on external financing to fund operations.