Company: XERI
Filing Date: 2025-10-02
Form Type: 10-K
Source: 0001477932-25-007303
Chunk: 631

Company: XERIANT, INC.
Filing Date: 2025-10-02
Form: 10-K
Item: Item 7
Chunk 631
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 respectively. As of June 30, 2025 and 2024, the balance of accrued interest related to these loans was $230,241 and $101,724, respectively. The Company evaluated the detachable warrants under the requirements of ASC 480 and concluded that the warrants do not fall within the scope of ASC 480. The Company next evaluated the notes under the requirements of ASC 815 “Derivatives and Hedging” and concluded the warrants meet equity classification. The warrants were issued during the year ended June 30, 2024, were valued using Black-Scholes Merton (“BSM”) and were determined to have a value of $66,660. 

 F-16Table of Contents

Significant inputs and results arising from the BSM process are as follows for the redemption feature component of the warrants: Quoted market price on valuation date $0.016 - $0.022 Effective contractual conversion rates $0.01 Contractual term to maturity 3 years Market volatility:    Volatility 137.43% - 137.86% Risk-adjusted interest rate 4.33% - 4.39% 

NOTE 7 – RELATED PARTY TRANSACTIONS Consulting fees During the years ended June 30, 2025 and 2024, the Company recorded $203,000 and $207,000 respectively, in consulting fees to Ancient Investments, LLC, a Company owned by the Company’s CEO, Keith Duffy and the Company’s Executive Director of Corporate Operations, Scott Duffy. As of June 30, 2025 and 2024, $0 and $5,000 was accrued, respectively. For the years ended June 30, 2025 and 2024, the Company recorded $80,000 and $78,500 respectively, in consulting fees to Edward DeFeudis, a Director of the Company. As of June 30, 2025 and 2024, $0 and $10,000 was accrued, respectively. During the years ended June 30, 2025 and 2024, the Company recorded $95,000 and $67,000 respectively, in consulting fees to AMP Web Services, a Company owned by the Company’s CTO, Pablo Lavigna. As of June 30, 2025 and 2024, $0 was accrued. During the years ended June 30, 2025 and 202