Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 85

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 85
---
    State 
     -  
     - 
  
    Total current income tax 
     -  
     - 

    Deferred tax expense: 

    Federal 
     -  
     - 
  
    State 
     -  
     - 
  
    Total deferred tax 
     -  
     - 
  
    Total income tax 
    $-  
    $- 

A
reconciliation of the federal statutory income tax rate to the Company’s effective income tax rate is as follows:

 SCHEDULE OF RECONCILIATION OF INCOME TAX

    2024  
    2023 
  
    Taxes calculated at federal rate 
     21.0% 
     21.0%
  
    Permanent differences 
     (18.0) 
     (13.8)
  
    State tax, net of federal impact 
     -  
     - 
  
    Return to provision 
     -  
     - 
  
    Other 
     1.0  
     2.3 
  
    Change in valuation allowance 
     (4.0) 
     (9.5)
  
    Provision for income taxes 
     0% 
     0%

The
tax effects of temporary differences that give rise to significant portions of the deferred tax assets at December 31, are presented
below:

 SCHEDULE OF COMPONENTS OF DEFERRED TAX ASSETS

    2024  
    2023 
  
    Deferred tax assets 

    Net operating loss carryforwards 
    $2,089,000  
    $1,786,000 
  
    Stock based compensation 
     439,000  
     328,000 
  
    Intangible assets 
     1,000  
     1,000 
  
    Impairment loss 
     37,000  
     38,000 

    Total deferred tax assets 
     2,566,000  
     2,153,000 

    Deferred tax liability 

     -  
     - 
  
    Total deferred tax liability 
     -  
     - 

    Net deferred tax assets 
     2,566,000  
     2,153,000 
  
    Valuation allowance 
     (2,566,000) 
     (