Company: GEDC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023834
Chunk: 65

Company: CalEthos, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 65
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 local, county and state officials that will support timely power plant construction, behind-the-meter power delivery,
and large-scale data center developments.

We
currently have only limited capital with which to pay these anticipated expenses. To fund our business plan going forward, we intend
to raise funds from investors by issuing common stock, preferred stock and/or debt securities.

Results
of Operations for the six months ended June 30, 2025 and 2024

The
table summarizes the results of operations for the six months ended June 30,

    Change 

    2025  
    2024  
    Dollar  
    Percentage 
  
    Revenues 
    $-  
    $-  
    $-  
     -%

    Operating Expenses 

    Professional fees 
     177,000  
     256,000  
     (79,000) 
     (30.9)
  
    Equity-based compensation 
     (103,000) 
     230,000  
     (333,000) 
     (144.8)
  
    General and administrative 
     13,000  
     38,000  
     (25,000) 
     (65.8)
  
    Payroll and related expenses 
     268,000  
     93,000  
     175,000  
     188.2 
  
    Total operating expenses 
     355,000  
     617,000  
     (262,000) 
     (42.3)

    Other (expenses) income 

    Interest income 
     2,000  
     9,000  
     (7,000) 
     (77.8)
  
    Financing cost 
     (77,000) 
     (6,000) 
     70,000 
     1,183.3
  
    Financing costs – related party 
     (75,000) 
     (869,000) 
     (781,000) 
     (91.4)
  
    Abandoned project 
     (4,581,000) 
     -  
     4,581,000 
     100.0 
  
    Loss on extinguishment of debt 
     -  
     (6,468,000) 
     (6,