Company: GEDC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023834
Chunk: 32

Company: CalEthos, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 32
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2025, the Company
did not capitalize payroll and related expenses.

Financing
costs

Our financing cost for the six months ended June 30, 2025 increased to
$77,000 from $6,000 for the six months ended June 30, 2024. The increase was due to an increase in the 2025 interest expense and amortization
of debt issuance costs associated with our convertible debentures issued during the year ended December 31, 2024

Financing
costs – related party 

Our
financing cost – related party for the six months ended June 30, 2025 decreased to $75,000 from $869,000 for the six months
ended June 30, 2024. The decrease of $794,000 was due to a decrease in interest and loan discount expense for notes payable to the
related party.

Results
of Operations for the three months ended June 30, 2025 and 2024

The
table summarizes the results of operations for the three months ended June 30,

    2025  
    2024  
    Dollar  
    Percentage 
  
    Revenues 
    $-  
    $-  
    $-  
     -%

    Operating Expenses 

    Professional fees 
     81,000  
     113,000  
     (32,000) 
     (28.3)
  
    Equity-based compensation 
     (145,000) 
     109,000  
     (254,000) 
     (233.0)
  
    General and administrative 
     12,000  
     29,000  
     (17,000) 
     (58.6)
  
    Payroll and related expenses 
     187,000  
     74,000  
     113,000  
     152.7 
  
    Total operating expenses 
     135,000  
     325,000  
     (190,000) 
     (58.5)

    Other (expenses) income 

    Interest income 
     1,000  
     4,000  
     (3,000) 
     (75.0)
  
    Financing cost 
     (55,000) 
     - 
     55,000  
     (100