Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 629

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 6
Chunk 629
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 42,000  
     12.2 
  
    Equity-based compensation 
     369,000  
     3,032,000  
     (2,663,000) 
     (87.8)
  
    General and administrative 
     49,000  
     38,000  
     11,000  
     28.9 
  
    Development cost – abandonment 
     344,000  
     -  
     344,000  
     100.0 
  
    Payroll and related expenses 
     259,000  
     51,000  
     208,000  
     407.8 
  
    Total operating expenses 
    $1,407,000  
    $3,465,000  
    $(2,058,000) 
     (59.4)%

    Other (expenses) income 

    Interest income 
    $12,000  
    $50,000  
    $(38,000) 
     (76.0)%
  
    Financing cost 
     (2,410,000) 
     (252,000) 
     2,158,000  
     856.3 
  
    Gain on settlement of accounts payable 
     -  
     23,000  
     (23,000) 
     (100.0)
  
    Loss on extinguishment of debt – related party 
     (2,317,000) 
     -  
     2,317,000  
     100 
  
    Loss on extinguishment of debt 
     (6,468,000) 
     (986,000) 
     5,482,000  
     556.0 
  
    Total other expenses 
    $(11,183,000) 
    $(1,165,000) 
    $10,018,000  
     859.9%

Revenues

For
the years ended December 31, 2024 and 2023, we had no revenues.

Operating
Expenses

Professional
fees

Our
professional fees increased to $386,000 for the year ended December 31, 2024 from $344,000 for the year ended December 31, 2023. The
increase of approximately $42,000 was attributable