{ "ok": true, "cik": "1877461", "ticker": "CBDW", "name": "1606 Corp.", "filings": [ { "form": "8-K", "filed": "2026-09-16", "items": [ "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1877461/000147793226005633/0001477932-26-005633-index.htm" }, { "form": "8-K", "filed": "2026-09-08", "items": [ "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1877461/000147793226005436/0001477932-26-005436-index.htm" }, { "form": "8-K", "filed": "2026-08-25", "items": [ "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1877461/000147793226005256/0001477932-26-005256-index.htm" }, { "form": "10-Q", "filed": "2026-08-14", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1877461/000147793226005063/0001477932-26-005063-index.htm" }, { "form": "8-K", "filed": "2026-08-11", "items": [ "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1877461/000147793226004844/0001477932-26-004844-index.htm" }, { "form": "8-K", "filed": "2026-07-24", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1877461/000147793226004503/0001477932-26-004503-index.htm" } ], "events12m": 18, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001877461.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1877461" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets, no buy or sell views.", "edgar": "🫧 Edgar looked up 1606 Corp. ($CBDW). Last filing: 8-K (7.01 Regulation FD Disclosure), 2026-09-16. 18 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2024-10-25.", "auditor": { "changes": [ { "filed": "2024-10-25", "url": "https://www.sec.gov/Archives/edgar/data/1877461/000147793224006674/0001477932-24-006674-index.htm" } ], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 0, "revenueGrowth1y": -1, "revenueGrowthPerYear": null, "yearsOfData": 5, "operatingMargin": null, "operatingMarginPrior": -575.1598332175122, "netMargin": null, "operatingCashFlow": -460779, "capitalSpending": null, "freeCashFlow": null, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 0, "longTermDebt": 2056036, "longTermDebtChange": null, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 34069 }, { "fiscalYearEnd": "2022-12-31", "revenue": 13944 }, { "fiscalYearEnd": "2023-12-31", "revenue": 1603 }, { "fiscalYearEnd": "2024-12-31", "revenue": 7195 }, { "fiscalYearEnd": "2025-12-31", "revenue": 0 } ], "totalEquity": -3222312, "totalAssets": 16058, "equityRatio": -200.66708182837215, "returnOnEquity": null, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "range80": { "low": 0, "high": 0, "baseline": 0, "n": 749, "band": "b00" }, "ifPaceHeld": { "low": 0, "high": 0 } }, "edgarette": "🔖 Exposure: revenue $0K (FY2025), total debt $2.1M. Experience: revenue down 100.0% on the year; operating margin null, down from -57516.0%. Soundness: equity -20066.7% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $0K and $0K next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A range, not a forecast. Against peers (140 filers, $50M+ revenue, services-prepackaged software): operating margin null against a 0.9% median; growth -100.0% against 13.0%.", "peers": { "sic": 7372, "sicDescription": "Services-Prepackaged Software", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "7372", "growth": [ 0.1304, 140 ], "opMargin": [ 0.0091, 140 ], "equityRatio": [ 0.4999, 136 ], "returnOnEquity": [ 0.0234, 120 ], "payoutRatio": [ 0.3057, 11 ] }, "summary": "1606 (CBDW) saw revenue fall 100% in FY2025 to $0 million, operating margin null against a 0.9% median for services-prepackaged software, equity -20067% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
1606 Corp. against its own record and its peers
Revenue, on the yearPeer median 13.0%-100.0%Equity of assetsPeer median 50.0%-20066.7%Gold tick: the median of 136–136 peers with $50M+ revenue in services-prepackaged software
", "chartHorizon": null, "backtest": { "tests": 2, "hits": 0, "rate": 0, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:19:24.431Z", "hash": "e6845f1979eae000", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "1606 (CBDW) saw revenue fall 100% in FY2025 to $0 million, operating margin null against a 0.9% median for services-prepackaged software, equity -20067% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 0, "totalDebt": 2056036, "cash": 0 }, "experience": { "revenueGrowth1y": -1, "revenueGrowthPerYear": null, "operatingMargin": null, "operatingMarginPrior": -575.1598332175122, "netMargin": null, "freeCashFlow": null }, "soundness": { "equityRatio": -200.66708182837215, "returnOnEquity": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 7372, "sicDescription": "Services-Prepackaged Software", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "7372", "growth": [ 0.1304, 140 ], "opMargin": [ 0.0091, 140 ], "equityRatio": [ 0.4999, 136 ], "returnOnEquity": [ 0.0234, 120 ], "payoutRatio": [ 0.3057, 11 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": { "filed": "2024-10-25", "url": "https://www.sec.gov/Archives/edgar/data/1877461/000147793224006674/0001477932-24-006674-index.htm" } }, "range": { "low": 0, "high": 0, "baseline": 0, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 749, "sizeBand": "b00" }, "kind": "a calibrated range, not a forecast; no view on the share price", "track": { "backtest": { "tests": 2, "hits": 0, "rate": 0, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-20T15:19:24.431Z", "hash": "e6845f1979eae000", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001877461.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1877461" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }