Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 408

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 3
Chunk 408
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 financing or financing on terms satisfactory to us when we require it,
our ability to commence our proposed business operations, to continue to grow and support our business and to respond to business challenges
could be significantly limited.

    Item
    7A. 
    Quantitative
    and Qualitative Disclosures About Market Risk.

As
a “smaller reporting company” as defined by Item 10 of Regulation S-K, we are not required to provide this information.

    Item
    8. 
    Financial
    Statements and Supplementary Data.

Our
financial statements and notes thereto and the reports of RBSM LLP, our independent registered public accounting firm, are set forth
on pages F-1 through F-22 of this Report.

    Item
    9. 
    Changes
    In and Disagreements With Accountants On Accounting and Financial Disclosure.

Not
Applicable

    Item
    9A. 
    Controls
    and Procedures.

Disclosure
Controls and Procedures

As
required by paragraph (b) of Rules 13a-15 or 15d-15 under the Exchange Act, our principal executive officer and principal financial officer
evaluated our company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act) as
of the end of the period covered by this Annual Report on Form 10-K. Based on this evaluation, these officers concluded that as of the
end of the period covered by this Annual Report on Form 10-K, these disclosure controls and procedures were not effective.

The
conclusion that our disclosure controls and procedures were not effective was due to the presence of material weaknesses in internal
control over financial reporting as identified below under the heading “Management’s Report on Internal Control Over Financial
Reporting.” Management anticipates that such disclosure controls and procedures will not be effective until the material weaknesses
are remediated.

Because
of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues,
if any, within our company have been detected. These inherent limitations include the realities that judgments in decision-making can
be faulty and that breakdown can occur because of simple error or mistake.

Management’s
Report on Internal Control Over Financial Reporting

Our
management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rules 13a-15(f)
and 15d-15(f) of the Exchange Act) for our