Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 740

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 7
Chunk 740
---
 $26,000  
    $36,153,000  
    $(1,000) 
    $9,000  
    $(31,870,000) 
    $4,317,000 
  
    Balance  
     -  
    $-  
     -  
    $-  
     25,730,540  
    $26,000  
    $36,153,000  
    $(1,000) 
    $9,000  
    $(31,870,000) 
    $4,317,000 

The
accompanying notes are an integral part of these consolidated financial statements.

F-5

CalEthos,
Inc.

Consolidated
Statements of Cashflow

For
the Years Ended December 31,

    2024  
    2023 
  
    Cash Flows From Operating Activities 

    Net loss 
    $(12,590,000) 
    $(4,630,000)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Amortization of note payable discounts 
     2,355,000  
     - 
  
    Amortization of debt issuance cost 
     9,000  
     - 
  
    Fair value of equity-based compensation 
     369,000  
     3,032,000 
  
    Gain on settlement of accounts payable 
     -  
     (23,000)
  
    Loss on extinguishment of notes payable – related party 
     2,317,000  
     - 
  
    Loss on extinguishment of debt 
     6,468,000  
     986,000 
  
    Write off of development cost 
     344,000  
     - 
  
    Changes in operating assets and liabilities 

    Prepaid expenses and other current assets 
     -  
     (6,000)
  
    Accounts payable and accrued expenses 
     (131,000) 
     606,000 
  
    Net Cash Used in Operating Activities 
     (859,000) 
     (35,000)

    Cash Flows From Investing Activities 

    Date center campus development cost 
     (1,467,000) 
     (1,730,000)
  
    Net Cash Used in Investing Activities