Company: GEDC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010244
Chunk: 40

Company: CalEthos, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 8
Chunk 40
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, which was June 19, 2023. For the three months ended March 31, 2025
and 2024, the Company recorded compensation expenses of approximately $67,000
and $176,000,
respectively, of which approximately $17,000
and $44,000
was expensed as compensation expense and approximately $50,000
and $132,000
was capitalized as data center cost.

SCHEDULE
OF STOCK OPTION ACTIVITIES 

    Number of Shares  
    Weighted
                                                                                Average Strike Price/Share  
    Weighted Average Remaining Contractual Term (Years)  
    Weighted Average Grant Date Fair Value/Share  
    Intrinsic Value 
  
    Balance, December 31, 2024 
     8,204,000  
     0.97  
     7.8  
     0.94  
     0.81 
  
    Granted 
     350,000  
     1.99  
     8.9  
     1.97  
     - 
  
    Forfeited 
     1,487,500  
     1.70  
     9.1  
     0.79  
     – 
  
    Exercised 
     -  
     –  
     –  
     –  
     – 
  
    Expired 
     -  
     -  
     -  
     -  
     - 
  
    Balance,
March 31, 2025 
     7,066,500  
     0.87  
     7.3  
     0.73  
     0.88 
  
    Vested and exercisable, March 31, 2025 
     3,199,833  
     0.64  
     5.8  
     0.62  
     0.87 
  
    Unvested, March 31, 2025 
     3,866,667  
    $0.88  
     6.9  
    $1.03  
    $0.88 

For the three
months ended March 31, 2025, the total equity-based compensation was approximately $467,000 of which approximately $