Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 82

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 82
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 0.44 
  
    Granted 
     1,350,000  
     3.24  
     8.8  
     3.15  
     0.09 
  
    Forfeited 
     -  
     -  
     –  
     –  
     – 
  
    Exercised 
     -  
     –  
     –  
     –  
     – 
  
    Expired 
     -  
     -  
     -  
     -  
     - 
  
    Balance, December 31, 2024 
     8,204,000  
     0.97  
     7.8  
     0.94  
     0.73 
  
    Vested and exercisable, December 31, 2024 
     2,616,500  
     0.67  
     5.7  
     0.65  
     0.81 
  
    Unvested, December 31, 2024 
     5,587,500  
    $1.11  
     8.2  
    $1.08  
    $0.69 

For
the year ended December 31, 2024, the total equity-based compensation was approximately $2,749,000
of which approximately $2,380,000
was capitalized as Data Center Campus
costs.

    F-21

For
the years ended December 31, 2023, the total equity-based compensation (for stock options and warrants) was approximately $3,368,000
of which approximately $336,000
was capitalized as Data Center Campus costs

Warrants

In
November 2023, the Company issued two warrants to purchase 2,000,000
and 3,545,801
(“2023 Warrants”) to two of the Company’s directors. The 2023 Warrants have an exercise price of $0.54,
which was the fair value of the Company’s common stock on the date of issuance. The 2023 Warrants vested on December 31, 2023
and expire on December 31, 2028. The 2023 Warrants grant date fair value of approximately $2,056,000