Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 741

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 7
Chunk 741
---
(1,467,000) 
     (1,730,000)

    Cash Flows From Financing Activities 

    Cash proceeds from issuance of convertible debentures 
     1,410,000  
     - 
  
    Cost for issuance of convertible debentures 
     (106,000) 
     - 
  
    Proceeds from stock subscription receivable 
     1,000  
     - 
  
    Cash proceeds for issuances of notes payable 
     1,000,000  
     - 
  
    Net Cash Provided by Financing Activities 
     2,305,000  
     - 

    Effect of exchange rate changes on cash and cash equivalents 
     (1,000) 
     6,000 
  
    Net decrease in cash and cash equivalents 
     (22,000) 
     (1,759,000)
  
    Cash and cash equivalents, beginning of period 
     308,000  
     2,067,000 
  
    Cash and cash equivalents, end of period 
    $286,000  
    $308,000 

    Supplemental disclosure of cash flow information: 

    Cash paid for interest 
    $100,000  
    $- 
  
    Cash paid for income taxes 
    $-  
    $- 

    Non-cash investing and financing activities 

    Common stock and warrants issued for extinguishment of notes payable 
    $3,315,000  
    $- 
  
    Note payable converted to equity 
    $1,000,000  
    $- 
  
    Capitalized interest – project development cost 
    $81,000  
    $203,000 
  
    Convertible debentures accrued interest converted to equity 
    $459,000  
    $4,974,000 
  
    Equity-based compensation capitalized 
    $2,380,000  
    $336,000 

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

F-6

CalEthos,
Inc.

Notes
to the Consolidated Financial Statements

For
the Years Ended December 31, 2024 and 2023

Note
1 – Organization and Accounting Policies

ORGANIZATION AND ACCOUNTING POLICIES 

CalEthos,
Inc. (the “Company” or “we”) was incorporated on