Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 600

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 5
Chunk 600
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 of being anti-dilutive in the computation of net loss per share.

Securities
that could potentially dilute loss per share in the future were not included in the computation of diluted loss per share for the years
ended December 31, 2024 and 2023 because their inclusion would be anti-dilutive. Common stock equivalents amounted to 11,326,178 and
nil for the years ended December 31, 2024 and 2023, respectively.

Recent
Accounting Pronouncements

The
Company’s management reviewed all recently issued accounting standard updates (“ASU’s”) not yet adopted by the
Company and does not believe the future adoptions of any such ASU’s may be expected to cause a material impact on the Company’s
consolidated financial condition or the results of its operations.

In October 2023, the FASB issued
ASU 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative. The
amendments in this Update modify the disclosure or presentation requirements of a variety of Topics in the Codification. Certain of the
amendments represent clarifications to, or technical corrections of the current requirements. Each amendment in the ASU will only become
effective if the SEC removes the related disclosure or presentation requirement from its existing regulations by June 30, 2027. We are
currently evaluating the impact that the adoption of the provisions of the ASU will have on our consolidated financial statements. The
amendments in this ASU are not expected to have a material impact on the results of operations or financial position.

In November 2023, the FASB issued
ASU 2023-07, “Segment Reporting (ASC Topic 280): Improvements to Reportable Segment Disclosures.” The amendments require the
disclosure of significant segment expenses as well as expanded interim disclosures, along with other changes to segment disclosure requirements.
The standard will be effective for fiscal years beginning after December 15, 2023, and interim periods beginning on or after December
15, 2024. We have implemented the provisions of the ASU 2023-07.

On December 14, 2023, the FASB
issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”). ASU 2023-09 requires
entities to disclose specific