Company: GEDC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023306
Chunk: 35

Company: CalEthos, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 35
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 September 30, 

    2025  
    2024 
  
    Net cash used in operating activities 
    $(513,000) 
    $(492,000)
  
    Net cash used in investing activities 
     (464,000) 
     (1,085,000)
  
    Net cash provided by financing activities 
     965,000  
     1,426,000 
  
    Effect of exchange rate changes on cash and cash equivalents 
     -  
     (1,000)
  
    Change in cash and cash equivalents during the period 
     (12,000) 
     (152,000)
  
    Cash and cash equivalents, beginning of period 
     286,000  
     308,000 
  
    Cash and cash equivalents, end of period 
    $274,000  
    $156,000 

19

Cash
Flows from Operations

Cash
used in operating activities increased to approximately $513,000 for the nine months ended September 30, 2025 from approximately $492,000
for the nine months ended September 30, 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, which was offset by a decrease in our cashflows from investing activities,
as we did not capitalize cost associated with the data center during the three months ended September 30, 2025.

Cash
Flows from Investing

Our
cash used in investing activities decreased to approximately $464,000 for the nine months ended September 30, 2025 from approximately
$1,085,000 for the nine months ended September 30, 2024. The primary use of cash was for expenditures for the development of our data
center campus. For the three months ended September 30, 2025, we did not capitalize cost associated with the data center.

Cash
Flows from Financing

Our
cash provided by financing activities decreased to approximately $965,000 for the nine months ended September 30, 2025 from
approximately $1,426,000 for the nine months ended September 30, 2024. The decrease was due to our incurring less debt in the nine
months ended September 30, 2025.

Liquidity
and Material Cash Requirements

Even
though we experienced negative cash flows from operations of approximately $513,