Company: GEDC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023834
Chunk: 81

Company: CalEthos, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 2
Chunk 81
---
 June 30, 2025 and 2024

The
table summarizes the results of operations for the three months ended June 30,

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

    Operating Expenses 

    Professional fees 
     81,000  
     113,000  
     (32,000) 
     (28.3)
  
    Equity-based compensation 
     (145,000) 
     109,000  
     (254,000) 
     (233.0)
  
    General and administrative 
     12,000  
     29,000  
     (17,000) 
     (58.6)
  
    Payroll and related expenses 
     187,000  
     74,000  
     113,000  
     152.7 
  
    Total operating expenses 
     135,000  
     325,000  
     (190,000) 
     (58.5)

    Other (expenses) income 

    Interest income 
     1,000  
     4,000  
     (3,000) 
     (75.0)
  
    Financing cost 
     (55,000) 
     - 
     55,000  
     (100.0)
  
    Financing cost – related party 
     (75,000) 
     (616,000) 
     (541,000) 
     (87.8)
  
    Abandoned project 
     (4,581,000) 
     -  
     4,581,000  
     100.0 
  
    Total other expenses 
    $(4,710,000) 
    $(612,000) 
    $4,098,000 
     669.6%

18

Revenues

For
the three months ended June 30, 2025 and 2024, we had no revenues.

Operating
Expenses

Professional
fees

Our
professional fees decreased to $81,000 for the three months ended June 30, 2025 from $113,000 for the three months ended June 30, 2024.