Company: XERI
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001477932-25-008494
Chunk: 70

Company: XERIANT, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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000 shares authorized as preferred stock, of which 1,000,000 are designated as Series B Preferred Stock having a par value of $0.00001 per share. The Series B preferred stock is not convertible, grants 5,000 votes and no liquidation preference.

 F-22Table of Contents

 Warrants As of September 30, 2025, and June 30, 2025, the Company had 130,068,828 and 111,568,828 warrants outstanding. The warrants have a term of two to five years, and an exercise price range from $0.021 and $0.1187. The Company evaluated the warrants under ASC 815, Derivatives and Hedging (“ASC 815”) and determined that they did not require liability classification. The warrants were recorded in additional paid-in capital under their aggregate relative fair values. As of September 30, 2025, the weighted average remaining useful life of the warrants was 1.82. The warrants are detailed as follows:  Number of Warrants Number of Warrants  Weighted-AverageExercisePrice  Weighted-AverageContractualTerm(in years)  AggregateIntrinsicValue Outstanding at June 30, 2025  111,568,828  $0.11   3.79  $- Granted  18,500,000  $0.01   3.00     Exercised  -             Canceled  -             Vested at September 30, 2025  130,068,828  $0.084   1.82  $- Exercisable at September 30, 2025  130,068,828  $0.084   1.82  $- 

NOTE 11 – INCOME TAXES The Company did not provide any current or deferred US federal income tax provision or benefit for the periods ending September 30, 2025, and June 30, 2025, as they incurred tax losses during both periods. When it is more likely than not that a tax asset cannot be realized through future income, the Company must record an allowance against any future potential future tax benefit. The Company has provided a full valuation allowance against the net deferred tax asset, consisting of net operating loss carry forwards, because management has determined that it is more likely than not that