Company: XERI
Filing Date: 2025-10-02
Form Type: 10-K
Source: 0001477932-25-007303
Chunk: 501

Company: XERIANT, INC.
Filing Date: 2025-10-02
Form: 10-K
Item: Item 5
Chunk 501
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 $(403,137 )Related party consulting fees  438,000   388,000   50,000 General and administrative expenses  309,107   282,249   26,858 Professional fees  221,119   308,109   (86,990 )Research and development expense  69,274   196,422   (127,148 )Total operating expenses  1,365,491   1,905,908   (540,417 )Operating loss  (1,365,491 )  (1,905,908 )  540,417              Other expenses:            Amortization of debt discount  (51,006 )  (19,189 )  31,817 Interest expense  (225,566 )  (1,183,885 )  (958,319 )Loss on extinguishment of debt  (4,835)  (20,298 )  15,463 Gain on extinguishment of debt  -   28,627   28,627 Change in fair value of convertible bridge loans  -   (2,448 )  (2,448 )Total other (expense)  (281,407 )  (1,197,193 )  884,860 Net loss $(1,646,898 ) $(3,103,101 ) $1,456,203 

 32Table of Contents

Consulting and advisory fees

Total consulting and advisory expenses were $327,991 and $731,128 for the years ended June 30, 2025 and 2024, respectively, a decrease of $403,137. The primary reason for the decrease was there were increased expenses due to stock issuances for advisory board and legal services in the amount of $374,906 in the prior period.

Related Party Consulting Fees

Total related party consulting fees were $438,000 and $388,000 for the years ended June 30, 2025 and 2024, respectively, an increase of $50,000. In addition to the consulting agreement amounts, the Company will pay additional consulting fees to related parties when the Company has increased available funds. In the current period, the Company had increased funds to pay  consulting fees. 

General and administrative expenses

Total general and administrative expenses were $309