Company: XERI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003761
Chunk: 92

Company: XERIANT, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 92
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ing and advisory fees $266,720  $193,995  $72,725 Related party consulting fees  364,500   264,000   100,500 General and administrative expenses  304,153   193,557   110,596 Professional fees  161,123   212,986   (51,863)Research and development expense  56,800   147,259   (90,459)Total operating expenses  1,153,296   1,011,797   141,499 Operating loss  (1,153,296)  (1,011,797)  (141,499)             Other expenses:            Amortization of debt discount  (47,471)  (2,569)  (44,902)Interest expense  (179,149)  (895,891)  716,742 (Gain) Loss on extinguishment of debt  60,157   (20,298)  80,455 Change in fair value of convertible bridge loans  -   (2,448)  2,448 Total other (expense)  (166,463)  (921,206)  754,743 Net loss $(1,319,759) $(1,933,003) $613,244 

Consulting and advisory fees

Total consulting and advisory expenses were $266,720 and $193,995 for the nine months ended March 31, 2025 and 2024, respectively, an increase of $72,725. In the current period, there were increased expenses for advisory board members due to new and restructured agreements.

Related Party Consulting Fees

Total related party consulting fees were $364,500 and $264,000 for the nine months ended March 31, 2025 and 2024, respectively, an increase of $100,500. In addition to the consulting agreement amounts, the Company will pay additional consulting fees to related parties when the Company has increased available funds. In the current period, the Company had increased funds to pay additional consulting fees.

General and administrative expenses

Total general and administrative expenses were $304,153 and $193,557 for the nine months ended March 31, 2025 and 2024, respectively, an increase of