Company: XERI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001477932-25-001010
Chunk: 110

Company: XERIANT, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part II, Item 8
Chunk 110
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 recording the Auctus default interest in the prior period.

Net loss

Total net loss was $789,491 for the six months ended December 31, 2024, compared to $1,548,907 for the six months ended December 31, 2023, a decrease of $759,416. The decrease of $759,416 was primarily due to recording the Auctus default interest in the prior period.

Three months ended December 31, 2024 Results of Operations Compared with three months ended December 31, 2023 

  For the three months ended     December 31,    Variance   2024  2023  $            Operating expenses:         Consulting and advisory fees $36,137  $102,650  $(66,513)Related party consulting fees  128,000   77,000   51,000 General and administrative expenses  145,621   72,849   72,772 Professional fees  25,810   34,691   (8,881)Research and development expense  15   52,753   (52,738)Total operating expenses  335,583   339,943   (4,360)Operating loss  (335,583)  (339,943)  4,360              Other expenses:            Amortization of debt discount  (25,472)  -   (25,472)Interest expense  (51,379)  (846,654)  795,275 Loss on extinguishment of debt  (4,835)  (20,298)  15,463 Total other (expense)  (81,686)  (866,952)  785,266 Net loss $(417,269) $(1,206,895) $789,626 

 7Table of Contents

Consulting and advisory fees

Total consulting and advisory expenses were $36,137 and $102,650 for the three months ended December 31, 2024 and 2023, respectively, a decrease of $66,513. In the prior period, there were increased expenses due to stock issuances for services relating to advisory agreements. 

Related Party Consulting Fees

Total related party consulting fees were $128