$CBDW

1606 CORP.

CIK:0001877461|SEC Filings

CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Operating Expenses
Selling, general and administrative	$ 154,746	$ 117,084	$ 323,218	$ 291,316
Total operating expenses	154,746	117,084	323,218	291,316
Operating loss	(154,746)	(117,084)	(323,218)	(291,316)
Other Income (Expenses)
Interest expense	(581,586)	(63,121)	(1,126,054)	(125,175)
Acuisition extension fee	(200,000)	0	(450,000)	0
Gain on debt extinguishment	47,169	22,011	56,989	47,046
Initial derivative expense	0	0	0	(142,726)
Change in fair value of derivative liabilities	768,100	(51,917)	654,704	93,721
Total other income (expenses)	33,683	(93,027)	(864,361)	(127,134)
Loss from operations before income taxes	(121,063)	(210,111)	(1,187,579)	(418,450)
Provision for income taxes	0	0	0	0
Net Loss	(121,063)	(210,111)	(1,187,579)	(418,450)
Deemed dividend	0	0	0	0
Net Loss attributable to common stockholders	$ (121,063)	$ (210,111)	$ (1,187,579)	$ (418,450)
Net loss per share - basic and diluted	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
Weighted average common shares - basic and diluted	1,052,560,477	144,333,872	829,376,936	134,289,887

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities
Net loss	$ (1,187,579)	$ (418,450)
Adjustments to reconcile net loss to net cash used in operating activities:
Shares issued for services provided	40,000	0
Amortization of debt discount	968,115	116,775
Change in fair value of derivative liabilities	(654,704)	(93,721)
Gain on debt extinguishment	(56,989)	(47,046)
Initial derivative expense	0	142,726
Changes in operating assets and liabilities:
Prepaids & other current assets	(25,235)	(16,839)
Accounts payable and accrued liabilities	38,855	68,738
Accrued interest	151,276	(28,868)
Net cash used in operating activities	(726,261)	(276,685)
Cash Flows from Investing Activities
Net cash used in investing activities	0	0
Cash Flows from Financing Activities
Proceeds from note payable to shareholder	339,500	374,000
Proceeds from convertible notes	393,000	76,000
Repayment of convertible notes	(67,563)	(244,622)
Proceeds from sale of common stock	61,612	71,092
Net cash provided by financing activities	726,549	276,470
Net increase (decrease) in cash	288	(215)
Cash, beginning of year	0	2,078
Cash, end of year	288	1,863
Supplemental disclosures of cash items
Interest paid	0	0
Income tax paid	0	0
Supplemental schedule of non-cash investing and financing activities
Discount on convertible notes payable from derivative liability	0	81,000
Settlement of derivative liability	0	0
Conversion of loans and accrued interest into common stock	$ 0	$ 0

CONDENSED BALANCE SHEETS - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash	$ 288	$ 0
Prepaids & other current assets	41,293	16,058
Total Current Assets	41,581	16,058
Deposit on property purchase	0	0
Total Assets	41,581	16,058
Current Liabilities
Accounts payable and accrued liabilities	604,042	565,187
Accrued interest	233,614	103,439
Note payable to related party	63,456	63,456
Convertible notes, net of discount	343,020	29,782
Derivative liability	829,211	1,574,121
Convertible notes, net of discount, related party shareholder	1,903,307	902,385
Total Current Liabilities	3,976,650	3,238,370
Total Liabilities	3,976,650	3,238,370
Stockholders' Deficit
Common stock, par value $0.0001 per share, 5,000,000,000 shares authorized; 1,342,039,105 and 472,426,803 shares issued and outstanding, respectively	134,202	47,242
Additional Paid-in Capital	5,346,083	4,957,247
Accumulated Deficit	(9,419,622)	(8,232,043)
Total Stockholders' Deficit	(3,935,069)	(3,222,312)
Total Liabilities and Stockholders' Deficit	41,581	16,058
Undesignated Preferred Stock [Member]
Stockholders' Deficit
Preferred stock, value	0	0
Class A Convertible Preferred Stock [Member]
Stockholders' Deficit
Preferred stock, value	4,268	5,242
Series B Super Voting Preferred Stock [Member]
Stockholders' Deficit
Preferred stock, value	$ 0	$ 0