Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 363

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 2
Chunk 363
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4,630,000)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Amortization of note payable discounts 
     2,355,000  
     - 
  
    Amortization of debt issuance cost 
     9,000  
     - 
  
    Fair value of equity-based compensation 
     369,000  
     3,032,000 
  
    Gain on settlement of accounts payable 
     -  
     (23,000)
  
    Loss on extinguishment of notes payable – related party 
     2,317,000  
     - 
  
    Loss on extinguishment of debt 
     6,468,000  
     986,000 
  
    Write off of development cost 
     344,000  
     - 
  
    Changes in operating assets and liabilities 

    Prepaid expenses and other current assets 
     -  
     (6,000)
  
    Accounts payable and accrued expenses 
     (131,000) 
     606,000 
  
    Net Cash Used in Operating Activities 
     (859,000) 
     (35,000)

    Cash Flows From Investing Activities 

    Date center campus development cost 
     (1,467,000) 
     (1,730,000)
  
    Net Cash Used in Investing Activities 
     (1,467,000) 
     (1,730,000)

    Cash Flows From Financing Activities 

    Cash proceeds from issuance of convertible debentures 
     1,410,000  
     - 
  
    Cost for issuance of convertible debentures 
     (106,000) 
     - 
  
    Proceeds from stock subscription receivable 
     1,000  
     - 
  
    Cash proceeds for issuances of notes payable 
     1,000,000  
     - 
  
    Net Cash Provided by Financing Activities 
     2,305,000  
     - 

    Effect of exchange rate changes on cash and cash equivalents 
     (1,000) 
     6,000 
  
    Net decrease in cash and cash equivalents 
     (22,000) 
     (1,759,000)
  
    Cash and cash equivalents, beginning of period 
     308