1606 CORP. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that 1606 CORP. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $0 | Mar 27, 2026 |
| FY2025 | Dec 31, 2024 | $7.2K | Mar 27, 2026 |
| FY2024 | Dec 31, 2023 | $1.6K | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | $13.9K | Apr 17, 2024 |
| FY2022 | Dec 31, 2021 | $34.1K | Mar 10, 2023 |
| FY2021 | Dec 31, 2020 | $67.9K | Apr 6, 2022 |
Gross Profit
Revenue minus the cost of goods sold (COGS). Gross profit shows how much revenue remains to cover operating expenses, R&D, and administrative costs before calculating operating income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $0 | Mar 27, 2026 |
| FY2025 | Dec 31, 2024 | ($118) | Mar 27, 2026 |
| FY2024 | Dec 31, 2023 | $608 | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | $1.2K | Apr 17, 2024 |
| FY2022 | Dec 31, 2021 | $12.4K | Mar 10, 2023 |
| FY2021 | Dec 31, 2020 | $16.1K | Apr 6, 2022 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($1.30M) | Mar 27, 2026 |
| FY2025 | Dec 31, 2024 | ($4.51M) | Mar 27, 2026 |
| FY2024 | Dec 31, 2023 | ($1.58M) | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | ($540.0K) | Apr 17, 2024 |
| FY2022 | Dec 31, 2021 | ($316.0K) | Mar 10, 2023 |
| FY2021 | Dec 31, 2020 | ($227.7K) | Apr 6, 2022 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($485.7K) | Mar 27, 2026 |
| FY2025 | Dec 31, 2024 | ($4.14M) | Mar 27, 2026 |
| FY2024 | Dec 31, 2023 | ($1.62M) | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | ($540.0K) | Apr 17, 2024 |
SG&A Expense
Selling, general, and administrative expenses — the overhead costs of running the business, including salaries, marketing, legal fees, and corporate office costs. Excludes COGS and R&D.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $485.7K | Mar 27, 2026 |
| FY2025 | Dec 31, 2024 | $4.12M | Mar 27, 2026 |
| FY2024 | Dec 31, 2023 | $1.56M | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | $541.2K | Apr 17, 2024 |
| FY2022 | Dec 31, 2021 | $54.8K | Mar 10, 2023 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($460.8K) | Mar 27, 2026 |
| FY2025 | Dec 31, 2024 | ($891.0K) | Mar 27, 2026 |
| FY2024 | Dec 31, 2023 | ($747.1K) | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | ($610.2K) | Apr 17, 2024 |
| FY2022 | Dec 31, 2021 | ($260.5K) | Mar 10, 2023 |
| FY2021 | Dec 31, 2020 | ($95.3K) | Apr 6, 2022 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $16.1K | Mar 27, 2026 |
| FY2025 | Dec 31, 2024 | $10.1K | Mar 27, 2026 |
| FY2024 | Dec 31, 2023 | $148.3K | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | $231.8K | Apr 17, 2024 |
| FY2022 | Dec 31, 2021 | $41.0K | Mar 10, 2023 |
| FY2021 | Dec 31, 2020 | $50.3K | Apr 6, 2022 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.24M | Mar 27, 2026 |
| FY2025 | Dec 31, 2024 | $2.21M | Mar 27, 2026 |
| FY2024 | Dec 31, 2023 | $1.56M | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | $826.9K | Apr 17, 2024 |
| FY2022 | Dec 31, 2021 | $258.5K | Mar 10, 2023 |
| FY2021 | Dec 31, 2020 | $0 | Apr 6, 2022 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($3.22M) | Mar 27, 2026 |
| FY2025 | Dec 31, 2024 | ($2.20M) | Mar 27, 2026 |
| FY2025 | Dec 31, 2023 | ($1.41M) | Mar 27, 2026 |
| FY2024 | Dec 31, 2022 | ($595.1K) | Mar 31, 2025 |
| FY2023 | Dec 31, 2021 | ($217.5K) | Apr 17, 2024 |
| FY2022 | Dec 31, 2020 | $50.3K | Mar 10, 2023 |
| FY2021 | Dec 31, 2019 | $94.8K | Apr 6, 2022 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($8.23M) | Mar 27, 2026 |
| FY2025 | Dec 31, 2024 | ($6.94M) | Mar 27, 2026 |
| FY2024 | Dec 31, 2023 | ($2.42M) | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | ($841.3K) | Apr 17, 2024 |
| FY2022 | Dec 31, 2021 | ($301.3K) | Mar 10, 2023 |
| FY2021 | Dec 31, 2020 | $0 | Apr 6, 2022 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2023 | $48.9K | Apr 17, 2024 |
| FY2023 | Dec 31, 2022 | $105.1K | Apr 17, 2024 |
| FY2021 | Dec 31, 2021 | $9.5K | Apr 6, 2022 |
| FY2021 | Dec 31, 2020 | $0 | Apr 6, 2022 |
| FY2021 | Dec 31, 2019 | $0 | Apr 6, 2022 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $2.06M | Mar 27, 2026 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 0 | Mar 27, 2026 |
| FY2025 | Dec 31, 2024 | 0 | Mar 27, 2026 |
| FY2024 | Dec 31, 2023 | 0 | Mar 31, 2025 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 472.43M | Mar 27, 2026 |
| FY2025 | Dec 31, 2024 | 112.71M | Mar 27, 2026 |
| FY2024 | Dec 31, 2023 | 58.58M | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | 37.43M | Apr 17, 2024 |
| FY2022 | Dec 31, 2021 | 37.10M | Mar 10, 2023 |
| FY2021 | Dec 31, 2020 | 0 | Apr 6, 2022 |