Company: XERI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001477932-25-001010
Chunk: 7

Company: XERIANT, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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 activities  (750,922)  (644,481)         Cash Flows from Investing Activities        Cash issued for notes receivable  -   (139,947)Cash repayments for notes receivable  -   131,784 Net cash from financing activities  -   (8,163)         Cash Flows from Financing Activities        Proceeds from convertible bridge loans  352,000   630,000 Net cash from financing activities  352,000   630,000          Net change in cash  (398,922)  (22,644)         Cash at beginning of period  653,117   61,625          Cash at end of period $254,195  $38,981          Supplemental Cash Flow Information        Cash paid for interest $-  $- Cash paid for income taxes $-  $-          Non-cash investing and financing activities:        Conversion of convertible notes payable and accrued interest $480,451  $66,000 Cashless exercise of warrants $15  $- 

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

 F-6Table of Contents

XERIANT, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

UNAUDITED

NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS Company Overview Xeriant, Inc. (the “Company”) is dedicated to the discovery, development and commercialization of disruptive technologies in advanced materials and aerospace which can be successfully integrated and commercialized for deployment across multiple industrial sectors. The Company seeks to partner with and acquire strategic interests in visionary companies that accelerate this mission. Xeriant’s advanced materials line is marketed under the DUREVER™ brand, and includes NEXBOARD™, an eco-friendly, patent-pending composite construction panel made from plastic and fiber waste, designed to replace products such as drywall, plywood, OSB, MDF, MgO board and other materials used in construction. Operating History The Company is a development-stage enterprise with a limited operating history with no sales, and operating losses since its inception.  The Company had two joint ventures, one in the area of aerospace that was effective May 31, 2021, and terminated on May 31, 202