Company: GEDC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023834
Chunk: 0

Company: CalEthos, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 0
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CalEthos,
Inc.

Condensed
Consolidated Balance Sheets

As
of

    June 30, 2025  
    December 31, 2024 

     (Unaudited)  

    Assets 

    Current assets 

    Cash and cash equivalents 
    $60,000  
    $286,000 
  
    Prepaid and other current expenses 
     18,000  
     10,000 
  
    Total current assets 
     78,000  
     296,000 
  
    Data center campus costs 
     -  
     5,849,000 
  
    Total assets 
    $78,000  
    $6,145,000 

    Liabilities and stockholders’ (deficit) equity 

    Current liabilities 

    Accounts payable and accrued expenses 
    $659,000  
    $504,000 
  
    Notes payable – related parties 
     197,000  
     11,000 
  
    Total current liabilities 
     856,000  
     515,000 

    Convertible debentures, net 
     1,554,000  
     1,313,000 
  
    Total liabilities 
     2,410,000  
     1,828,000 

    Stockholders’ (deficit) equity 

    Common stock par value $0.001: 100,000,000 shares authorized; 25,730,540 and 25,730,540 shares issued and outstanding 
     26,000  
     26,000 
  
    Additional paid-in capital 
     34,590,000  
     36,153,000 
  
    Other comprehensive income 
     9,000  
     9,000 
  
    Stock subscription receivable 
     (1,000) 
     (1,000)
  
    Accumulated deficit 
     (36,956,000) 
     (31,870,000)
  
    Total stockholders’(deficit) equity 
     (2,332,000) 
     4,317,000 

    Total liabilities and stockholders’ (deficit) equity 
    $78,000  
    $6,145,000 

See
the accompanying notes to these unaudited condensed consolidated financial statements.