Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 325

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 2
Chunk 325
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 expenses or fund our growth, including through acquisitions. Additional funding, however, may not be available
when required on terms that are acceptable to us, or at all. If we are unable to obtain adequate financing or financing on terms satisfactory
to us when it is required, our ability to commence and grow our proposed business operations, to support our business and to respond
to business challenges could be significantly limited.

11

We
currently have only limited capital with which to pay these anticipated expenses. To fund our business plan going forward, we intend
to raise funds from investors by issuing common stock, preferred stock and/or debt securities.

Results
of Operations for the years ended December 31, 2024 and 2023

The
following table summarizes our results of operations for the years ended December 31, 2024 and 2023.

    Change 

    2024  
    2023  
    Dollar  
    Percentage 
  
    Revenues 
    $-  
    $-  
    $-  
     -%

    Operating Expenses 

    Professional fees 
     386,000  
     344,000  
     42,000  
     12.2 
  
    Equity-based compensation 
     369,000  
     3,032,000  
     (2,663,000) 
     (87.8)
  
    General and administrative 
     49,000  
     38,000  
     11,000  
     28.9 
  
    Development cost – abandonment 
     344,000  
     -  
     344,000  
     100.0 
  
    Payroll and related expenses 
     259,000  
     51,000  
     208,000  
     407.8 
  
    Total operating expenses 
    $1,407,000  
    $3,465,000  
    $(2,058,000) 
     (59.4)%

    Other (expenses) income 

    Interest income 
    $12,000  
    $50,000  
    $(38,000) 
     (76.0)%
  
    Financing cost 
     (2,410,000) 
     (252,000) 
     2,158,000  
     856.