Company: GEDC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010244
Chunk: 44

Company: CalEthos, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 8
Chunk 44
---
    HDR
    Engineering, Inc., a global professional services firm specializing in architecture, engineering, environmental and construction
    services (“HDR Engineering”), to complete a site assessment, project feasibility study, and the initial shovel-ready
    site development plan for our Imperial County site.

    ●
    ZGlobal,
    Inc., a power engineering and energy solutions firm (“ZGlobal”), to assess all available power and transmission routes
    in the immediate area of the site and to develop a plan to access power from close by geothermal and solar producers via Behind-The-Meter,
    Off-Take and Power Purchase Agreements directly and through agreements with the local grid operator.

Results
of Operations for the three months ended March 31, 2025 and 2024

The
following table summarizes our results of operations for the three months ended March 31,

    Change 

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

    Operating Expenses 

    Professional fees 
     96,000  
     143,000  
     (47,000) 
     (32.9)
  
    Equity-based compensation 
     42,000  
     121,000  
     (79,000) 
     (65.3)
  
    General and administrative 
     1,000  
     9,000  
     (8,000) 
     (88.9)
  
    Payroll and related expenses 
     81,000  
     19,000  
     62,000  
     326.3 
  
    Total operating expenses 
     220,000  
     292,000  
     (72,000) 
     (24.7)

    Other (expenses) income 

    Interest income 
     1,000  
     5,000  
     (4,000) 
     (80.0)
  
    Financing cost 
     (22,000) 
     (6,000) 
     16,000  
     266.7 
  
    Financing costs – related party 
     -  
     (253,000) 
     (253,000) 
     100.0 
  
    Loss on