Company: XERI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001477932-25-003761
Chunk: 94

Company: XERIANT, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 94
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,224   67,524   (37,300)Total operating expenses  458,918   352,964   105,954 Operating loss  (458,918)  (352,964)  (105,954)             Other expenses:            Amortization of debt discount  (5,197)  (2,569)  (2,628)Interest expense  (66,153)  (28,563)  (37,590)Loss on extinguishment of debt  -   -   - Change in fair value of convertible bridge loans  -   -   - Total other (expense)  (71,350)  (31,132)  (40,218)Net loss $(530,268) $(384,096) $(146,172)

 7Table of Contents

Consulting and advisory fees

Total consulting and advisory expenses were $141,600 and $39,650 for the three months ended March 31, 2025 and 2024, respectively, an increase of $101,950. In the current period, there were increased expenses for advisory board members due to new and restructured agreements.

Related Party Consulting Fees

Total related party consulting fees were $113,500 and $89,500 for the three months ended March 31, 2025 and 2024, respectively, an increase of $24,000. 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 additional consulting fees.

General and administrative expenses

Total general and administrative expenses were $102,087 and $68,309 for the three months ended March 31, 2025 and 2024, respectively, an increase of $33,778. The primary reason for the increase was increased expenses related to our subsidiary BlueGreen Composites, LLC. Expenses for BlueGreen Composites, LLC, relate to research, testing and business development costs for the Company’s advanced materials operations.

Professional Fees

Total professional fees were $71,507 and $87,981 for the three months ended March 31, 2025 and 2024, respectively a decrease of $16,474. The primary reason for the decrease was higher auditing fees and legal costs.

Research and Development