Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 973

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 12
Chunk 973
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 to the financial statements
and (2) involved our especially challenging, subjective or complex judgments. RBSM determined there were no CAM’s for the audit
of the year ended December 31, 2024.

/s/
RBSM LLP

We have served as the Company’s
auditor since 2018.

New York, NY

April 1, 2025

PCAOB
ID No. 587

F-2

CalEthos,
Inc.

Consolidated
Balance Sheets

As
of December 31,

    2024  
    2023 

    Assets 

    Current assets 

    Cash and cash equivalents 
    $286,000  
    $308,000 
  
    Prepaid and other current expenses 
     10,000  
     10,000 
  
    Total current assets 
     296,000  
     318,000 
  
    Data center Campus costs 
     5,849,000  
     2,262,000 
  
    Total assets 
    $6,145,000  
    $2,580,000 

    Liabilities and stockholders’ equity 

    Current liabilities 

    Accounts payable and accrued expenses 
    $504,000  
    $670,000 
  
    Convertible promissory notes, net 
     -  
     341,000 
  
    Notes payable, net of discount 
     11,000  
     11,000 
  
    Total current liabilities 
     515,000  
     1,022,000 

    Convertible debentures, net 
     1,313,000  
     - 
  
    Total liabilities 
     1,828,000  
     1,022,000 

    Stockholders’ equity 

    Series A convertible preferred stock, par value $0.001, 3,600,000 shares authorized; no shares issued and outstanding 
     -  
     - 
  
    Preferred stock, par value $0.001, 100,000,000 shares authorized, no shares issued and outstanding 
     -  
     - 
  
    Preferred stock, value 
     -  
     - 

    Common stock par value $0.001: 100,000,000 shares authorized; 25,730,540 and