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

Company: XERIANT, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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, Keith Duffy and the Company’s Executive Director of Corporate Operations, Scott Duffy. During the three months ended December 31, 2024 and 2023, the Company recorded $53,500 and $37,000, respectively, in consulting fees to Ancient Investments, LLC. As of December 31, 2024, and June 30, 2024, $0 was accrued. For the six months ended December 31, 2024 and 2023, the Company recorded $60,000 and $41,000 respectively, in consulting fees to Edward DeFeudis, a Director of the Company. During the three months ended December 31, 2024 and 2023, the Company recorded $30,000 and $20,000 respectively, in consulting fees to Edward DeFeudis. As of December 31, 2024, and June 30, 2024, $15,000 was accrued. During the six months ended December 31, 2024 and 2023, the Company recorded $57,500 and $29,000 respectively, in consulting fees to AMP Web Services, a Company owned by the Company’s CTO, Pablo Lavigna. During the three months ended December 31, 2024 and 2023, the Company recorded $29,500 and $15,000 respectively, in consulting fees to Pablo Lavigna. As of December 31, 2024, and June 30, 2024, $10,500 and $0 was accrued, respectively. During the six months ended December 31, 2024 and 2023, the Company recorded $25,000 and $10,000 respectively, in consulting fees to Keystone Business Development Partners, a Company owned by the Company’s CFO, Brian Carey. During the three months ended December 31, 2024 and 2023, the Company recorded $15,000 and $5,000 respectively, in consulting fees to Keystone Business Development Partners. As of December 31, 2024, and June 30, 2024, $0 and $5,000 was accrued, respectively. The above transactions are not necessarily what third parties would agree to.

NOTE 9 – COMMITMENTS AND CONTINGENCIES During the normal course of business, the Company may be exposed to litigation. When the Company becomes aware of potential litigation, it evaluates the merits of the case in accordance with FASB ASC 450