Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 1064

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 14
Chunk 1064
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 subscription receivable 
     (1,000) 
     (2,000)
  
    Accumulated deficit 
     (31,870,000) 
     (19,280,000)
  
    Total stockholders’ equity 
     4,317,000  
     1,558,000 

    Total liabilities and stockholders’ equity 
    $6,145,000  
    $2,580,000 

The
accompanying notes are an integral part of these consolidated financial statements.

F-3

CalEthos,
Inc.

Consolidated
Statements of Operations and Comprehensive Loss

For
the Years Ended December 31.

    2024  
    2023 
  
    Revenues 
    $-  
    $- 

    Operating Expenses 

    Professional fees 
     386,000  
     344,000 
  
    Equity-based compensation 
     369,000  
     3,032,000 
  
    General and administrative expenses 
     49,000  
     38,000 
  
    Data center campus cost - abandonment 
     344,000  
     - 
  
    Payroll and related expense 
     259,000  
     51,000 
  
    Total operating expenses 
     1,407,000  
     3,465,000 

    Loss from operations 
     (1,407,000) 
     (3,465,000)

    Other income (expenses) 

    Interest income 
     12,000  
     50,000 
  
    Financing costs 
     (12,000) 
     (252,000)
  
    Financing costs – related party 
     (2,398,000) 
     - 
  
    Gain on settlement of accounts payable 
     -  
     23,000 
  
    Loss on extinguishment of notes payable  – related party 
     (2,317,000) 
     - 
  
    Loss on extinguishment of convertible promissory notes 
     (6,468,000) 
     (986,000)
  
    Total other expenses 
     (11,183,000) 
     (1,165,000)

    Loss before provision for income taxes 
     (12,590,000) 
     (