Company: XERI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001477932-25-001010
Chunk: 97

Company: XERIANT, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part II, Item 8
Chunk 97
---
 “Derivatives and Hedging” and concluded the warrants meet equity classification. The warrants were issued during the year ended June 30, 2024, were valued using Black-Scholes Merton (“BSM”) and were determined to have a value of $66,660. Significant inputs and results arising from the BSM process are as follows for the redemption feature component of the warrants: Quoted market price on valuation date $0.016 - $0.022 Effective contractual conversion rates $0.01 Contractual term to maturity 3 years Market volatility:    Volatility 137.43% - 137.86% Risk-adjusted interest rate 4.33% - 4.39% 

 F-18Table of Contents

NOTE 8 – RELATED PARTY TRANSACTIONS Consulting fees During the six months ended December 31, 2024 and 2023, the Company recorded $108,500 and $94,500 respectively, in consulting fees to Ancient Investments, LLC, a Company owned by the Company’s CEO, Keith Duffy and the Company’s Executive Director of Corporate Operations, Scott Duffy. During the three months ended December 31, 2024 and 2023, the Company recorded $53,500 and $37,000, respectively, in consulting fees to Ancient Investments, LLC. As of December 31, 2024, and June 30, 2024, $0 was accrued. For the six months ended December 31, 2024 and 2023, the Company recorded $60,000 and $41,000 respectively, in consulting fees to Edward DeFeudis, a Director of the Company. During the three months ended December 31, 2024 and 2023, the Company recorded $30,000 and $20,000 respectively, in consulting fees to Edward DeFeudis. As of December 31, 2024, and June 30, 2024, $15,000 was accrued. During the six months ended December 31, 2024 and 2023, the Company recorded $57,500 and $29,000 respectively, in consulting fees to AMP Web Services, a Company owned by the Company’s CTO, Pablo Lavigna. During the three months ended December 31, 2024 and 2023, the Company recorded $29,500 and $15,000 respectively, in consulting fees