Company: GEDC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023306
Chunk: 31

Company: CalEthos, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 31
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 (10,000) 
     318,000  
     (328,000) 
     (103.1)
  
    General and administrative 
     33,000  
     42,000  
     (9,000) 
     (21.4)
  
    Payroll and related expenses 
     421,000  
     175,000  
     246,000  
     140.6 
  
    Total operating expenses 
     714,000  
     835,000  
     (121,000) 
     (14.5)

    Other (expenses) income 

    Interest income 
     4,000  
     10,000  
     (6,000) 
     (60.0)
  
    Financing cost 
     (132,000) 
     (823,000) 
     (691,000) 
     (84.0)
  
    Financing costs – related party 
     (321,000) 
     (869,000) 
     (548,000) 
     63.1 
  
    Abandoned project 
     (4,581,000) 
     (344,000) 
     4,237,000  
     1,231.7 
  
    Loss on extinguishment of debt 
     -  
     (6,468,000) 
     (6,468,000) 
     (100.0)
  
    Total other expenses 
    $(5,030,000) 
    $(8,494,000) 
    $(3,476,000) 
     (40.9)%

17

Revenues

For
the nine months ended September 30, 2025 and 2024, we had no revenues.

Operating
Expenses

Professional
fees

Our
professional fees decreased to $270,000 for the nine months ended September 30, 2025 from $300,000 for the nine months ended
September 30, 2024. The decrease of approximately $30,000 was attributable to a decrease in our consulting fees of approximately
$28,000, a decrease in our legal fees of $43,000, a decrease in our accounting fees of $3,000, and a decrease in filing fees of
$10,000