Company: GEDC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010244
Chunk: 46

Company: CalEthos, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 8
Chunk 46
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4 
  
    Current assets 
    $88,000  
    $296,000 
  
    Current liabilities 
     (609,000) 
     (515,000)
  
    Working capital deficit 
    $(521,000) 
    $(219,000)

Our
working capital deficit increased from a $219,000 deficit as of December 31, 2024 to a deficit of $521,000 as of March 31, 2025 for an
increase of $302,000. The increase in our working capital deficit was due to a $208,000 decrease in our cash and cash equivalents and
to a $94,000 increase in our accounts payable and accrued expenses.

Cash Flows

    For the three months ended March 31, 

    2025  
    2024 
  
    Net cash used in operating activities 
    $(145,000) 
    $(212,000)
  
    Net cash used in investing activities 
     (278,000) 
     (286,000)
  
    Net cash provided by financing activities 
     215,000  
     1,000,000 
  
    Effect of exchange rate changes 
     -  
     (1,000)
  
    Change in cash and cash equivalents during the period 
     (208,000) 
     501,000 
  
    Cash and cash equivalents, beginning of period 
     286,000  
     308,000 
  
    Cash and cash equivalents, end of period 
    $78,000  
    $809,000 

15

Cash
Flows from Operations

Cash
used in operating activities decreased to approximately $145,000 for the three months ended March 31, 2025 from approximately $212,000
for the three months ended March 31, 2024, which was predominantly related to the decrease in our expenditures for filing fees, legal
fees, transfer agent fees and consulting fees paid during the period.

Cash
Flows from Investing

Our
cash used in investing activities decreased to approximately $278,000 for the three months ended March 31, 2025 from approximately $286,000
for the three months ended March 31, 2024. The primary use of cash was for expenditures for the development of our data center campus.

Cash
Flows from Financing

Our
cash provided by financing activities decreased to approximately $215