Company: GEDC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010244
Chunk: 4

Company: CalEthos, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 2
Chunk 4
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    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 $215,000 for the three months ended March 31, 2025 from
approximately $1,000,000 for the three months ended March 31, 2024. The decrease was due to our incurring less debt for
the three months ended March 31, 2025.

Liquidity
and Material Cash Requirements

Even
though we experienced negative cash flows from operations of approximately $145,000 for the three months ended March 31, 2025, as a
result of our issuance of convertible debentures in the aggregate principal amounts of $215,000, we had cash and cash equivalents of
approximately $78,000 as of March 31, 2025. As of March 31, 2025, we had approximately $1,635