Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 11

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 11
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 are unable to determine the extent to which piracy of our designs, systems and services will exist, intellectual piracy can
be expected to be a persistent problem. In addition, the laws of some foreign countries do not protect proprietary rights to as great
an extent as do the laws of the United States, and effective copyright, trademark, trade secret and patent protection may not be available
in those jurisdictions. Our means of protecting our proprietary rights may not be adequate to protect us from the infringement or misappropriation
of such rights by others.

Further,
in recent years, there has been significant litigation in the United States involving patents and other intellectual property rights
in the data center design, systems and service offerings and Internet-related data management industries. We can become subject to intellectual
property infringement claims as the number of our competitors grows and our services overlap with competitive offerings. These claims,
even if not meritorious, could be expensive to defend and could divert management’s attention from operating our business. If we
become liable to third parties for infringing their intellectual property rights, we could be required to pay a substantial award of
damages and to develop non-infringing design, systems and service offerings, obtain a license or cease providing the services that contain
the infringing intellectual property. We may be unable to develop non-infringing data center design, systems and service offerings or
obtain a license on commercially reasonable terms, if at all.

Employees

We
currently have three full-time employees, two of whom are our executive officers. None of our employees is represented by a collective
bargaining agreement, and we have never experienced any work stoppage. We believe we have good relations with our employees.

Corporate
History and Recent Developments 

We
were incorporated pursuant to the laws of the State of Nevada on March 20, 2002 under the name Integrated Brand Solutions Inc., and on
February 6, 2006, we changed our name to Upstream Biosciences Inc. From 2006 to December 2009, our company operated as a biotechnology
company, and from 2010 until May 2013, our company had no operating business. On July 11, 2013, we changed our corporate name to RealSource
Residential, Inc. Our initial business strategy in 2013 was to engage in various real estate related businesses. However, in 2016 we
disposed of all of our real estate and other assets and continued operations as a public “shell