Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 96

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1A
Chunk 96
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to raise funds from investors by issuing common stock, preferred stock and/or debt securities.

Results
of Operations for the years ended December 31, 2024 and 2023

The
following table summarizes our results of operations for the years ended December 31, 2024 and 2023.

    Change 

    2024  
    2023  
    Dollar  
    Percentage 
  
    Revenues 
    $-  
    $-  
    $-  
     -%

    Operating Expenses 

    Professional fees 
     386,000  
     344,000  
     42,000  
     12.2 
  
    Equity-based compensation 
     369,000  
     3,032,000  
     (2,663,000) 
     (87.8)
  
    General and administrative 
     49,000  
     38,000  
     11,000  
     28.9 
  
    Development cost – abandonment 
     344,000  
     -  
     344,000  
     100.0 
  
    Payroll and related expenses 
     259,000  
     51,000  
     208,000  
     407.8 
  
    Total operating expenses 
    $1,407,000  
    $3,465,000  
    $(2,058,000) 
     (59.4)%

    Other (expenses) income 

    Interest income 
    $12,000  
    $50,000  
    $(38,000) 
     (76.0)%
  
    Financing cost 
     (2,410,000) 
     (252,000) 
     2,158,000  
     856.3 
  
    Gain on settlement of accounts payable 
     -  
     23,000  
     (23,000) 
     (100.0)
  
    Loss on extinguishment of debt – related party 
     (2,317,000) 
     -  
     2,317,000  
     100 
  
    Loss on extinguishment of debt 
     (6,468,000) 
     (986,000) 
     5,482