Company: XERI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001477932-25-001010
Chunk: 2

Company: XERIANT, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
---
 251,000   174,500 General and administrative expenses  145,621   72,849   202,066   125,248 Professional fees  25,810   34,691   89,616   125,005 Research and development expense  15   52,753   26,576   79,735 Total operating expenses  335,583   339,943   694,378   658,833                  Loss from operations  (335,583)  (339,943)  (694,378)  (658,833)                 Other expenses:                Amortization of debt discount  (25,472)  -   (42,274)  - Interest expense  (51,379)  (846,654)  (112,996)  (867,328)(Loss) gain on extinguishment of debt  (4,835)  (20,298)  60,157   (20,298)Change in fair value of convertible bridge loans  -   -   -   (2,448)Total other expense  (81,686)  (866,952)  (95,113)  (890,074)                 Net loss before income tax expense  (417,269)  (1,206,895)  (789,491)  (1,548,907)                 Income tax expense  -   -   -   -                  Net loss  (417,269)  (1,206,895)  (789,491)  (1,548,907)                 Less net loss attributable to noncontrolling interest  (7,219)  (7,712)  (14,595)  (15,634)                 Net loss attributable to common stockholders $(410,050) $(1,199,183) $(774,896) $(1,533,273)                 Net loss per common share - basic and diluted $(0.00) $(0.00) $(0.00) $(0.00)                 Weighted average number