Company: XERI
Filing Date: 2025-10-02
Form Type: 10-K
Source: 0001477932-25-007303
Chunk: 171

Company: XERIANT, INC.
Filing Date: 2025-10-02
Form: 10-K
Item: Item 1A
Chunk 171
---
its  -   12,546 Property & equipment, net  4,158   3,995 Operating lease right-of-use asset, net  7,384   32,253 Total assets $68,219  $713,005          Liabilities and stockholders’ deficit        Current liabilities        Accounts payable and accrued liabilities $1,000,975  $1,211,533 Accrued liabilities, related party  -   20,000 Shares to be issued  7,000   75,200 Convertible notes payable, net of discount - in default  5,900,000   5,850,000 Convertible notes payable, net of discount   1,853,323   2,132,529 Lease liability, current  4,279   36,197 Total current liabilities  8,765,577   9,325,459          Lease liability, long-term  3,105   - Total liabilities  8,768,682   9,325,459          Commitments and contingencies (Note 8)                 Stockholders’ deficit        Preferred stock, $0.00001 par value; 100,000,000 shares authorize        Series A Preferred stock, 3,500,000 designated; 664,996 and 705,895 shares issued and outstanding at June 30, 2025 and 2024, respectively  7   7 Series B Preferred stock, 1,000,000 designated; 1,000,000 issued and outstanding  10   10 Common stock, $0.00001 par value; 5,000,000,000 shares authorized; 695,746,625 and 524,853,304 shares issued and outstanding at June 30, 2025 and 2024, respectively  6,958   5,248 Common stock to be issued  97,900   51,950 Additional paid-in capital  22,410,416   20,899,187 Accumulated deficit  (28,338,606)  (26,708,915)Total stockholders’ deficit  (5,823,315)  (5,752,513)Non-controlling interest