Company: XERI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003761
Chunk: 80

Company: XERIANT, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 80
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 expenses were $166,463 for the nine months ended March 31, 2025, compared to $921,206 for the nine months ended March 31, 2024. The decrease of $754,743 was primarily due to recording the Auctus default interest in the prior period.

Net loss

Total net loss was $1,319,759 for the nine months ended March 31, 2025, compared to $1,933,003 for the nine months ended March 31, 2024, a decrease of $613,244. The decrease of $613,244 was primarily due to recording the Auctus default interest in the prior period.

Three months ended March 31, 2025 Results of Operations Compared with three months ended March 31, 2024

  For the three months ended     March 31,      2025  2024  $            Operating expenses:         Consulting and advisory fees $141,600  $39,650  $101,950 Related party consulting fees  113,500   89,500   24,000 General and administrative expenses  102,087   68,309   33,778 Professional fees  71,507   87,981   (16,474)Research and development expense  30,224   67,524   (37,300)Total operating expenses  458,918   352,964   105,954 Operating loss  (458,918)  (352,964)  (105,954)             Other expenses:            Amortization of debt discount  (5,197)  (2,569)  (2,628)Interest expense  (66,153)  (28,563)  (37,590)Loss on extinguishment of debt  -   -   - Change in fair value of convertible bridge loans  -   -   - Total other (expense)  (71,350)  (31,132)  (40,218)Net loss $(530,268) $(384,096) $(146,172)

 7Table of Contents

Consulting and advisory fees

Total consulting and advisory expenses were $141,600 and $39,650 for the three