1606 Corp.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $0 | $7.2K | $1.6K | $13.9K | $34.1K | $67.9K |
| Cost of Revenue | $0 | $7.3K | $995 | $12.8K | $21.7K | $51.8K |
| Gross Profit | $0 | $-118 | $608 | $1.2K | $12.4K | $16.1K |
| Gross Margin | — | -1.6% | 37.9% | 8.5% | 36.3% | 23.7% |
| Operating Expenses | ||||||
| Research & Development | — | — | — | — | — | — |
| SG&A Expense | $485.7K | $4.1M | $1.6M | $541.2K | $54.8K | $243.8K |
| Operating Income | $-485.7K | $-4.1M | $-1.6M | $-540.0K | $-301.3K | $-227.7K |
| Operating Margin | — | -57,516.0% | -101,058.8% | -3,872.9% | -884.3% | -335.4% |
| Interest Expense | $953.7K | $491.4K | $-153.5K | — | — | — |
| Pretax Income | $-1.3M | $-4.5M | $-1.6M | $-540.0K | $-301.3K | $-227.7K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $-1.3M | $-4.5M | $-1.6M | $-540.0K | $-316.0K | $-227.7K |
| Net Margin | — | -62,751.5% | -98,610.9% | -3,872.9% | -927.4% | -335.4% |
| EPS (Basic) | — | — | — | — | $-0.01 | $0.00 |
| EPS (Diluted) | $-0.01 | $-0.03 | $-0.02 | — | $-0.01 | $0.00 |
| Shares Outstanding (Basic) | — | — | 94.6M | 74.3M | 74.2M | 0 |
| Shares Outstanding (Diluted) | 195.3M | 156.4M | 94.6M | 74.3M | 74.2M | 0 |
| Dividends Per Share | — | — | — | — | — | — |