Company: GEDC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010244
Chunk: 2

Company: CalEthos, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 2
Chunk 2
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 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 extinguishment of debt 
     -  
     (6,468,000) 
     (6,468,000) 
     100.0 
  
    Total other expenses 
    $(21,000) 
    $(6,722,000) 
    $(6,701,000) 
     99.7%

14

Revenues

For
the three months ended March 31, 2025 and 2024, we had no revenues.

Operating
Expenses

Professional
fees

Our
professional fees decreased to $96,000 for the three months ended March 31, 2025 from $143,000 for the three months ended March 31,
2024. The decrease of approximately $47,000 was attributable to