Company: GEDC
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023306
Chunk: 33

Company: CalEthos, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 33
---
  
    $-  
     -%

    Operating Expenses 

    Professional fees 
     93,000  
     44,000  
     49,000  
     111.4 
  
    Equity-based compensation 
     93,000  
     88,000  
     5,000  
     5.7 
  
    General and administrative 
     20,000  
     4,000  
     16,000  
     400.0 
  
    Payroll and related expenses 
     153,000  
     82,000  
     71,000  
     86.6 
  
    Total operating expenses 
     359,000  
     218,000  
     141,000  
     64.7 

    Other (expenses) income 

    Interest income 
     2,000  
     1,000  
     1,000  
     100.0 
  
    Financing cost 
     (55,000) 
     (817,000) 
     (762,000) 
     (93.3)
  
    Financing cost – related party 
     (246,000) 
     -  
     246,000  
     100.0 
  
    Abandoned projects 
     -  
     (344,000) 
     (344,000) 
     (100.0)
  
    Total other expenses 
    $(299,000) 
    $(1,160,000) 
    $(859,000) 
     (74.1)%

18

Revenues

For
the three months ended September 30, 2025 and 2024, we had no revenues.

Operating
Expenses

Professional
fees

Our
professional fees increased to $93,000 for the three months ended September 30, 2025 from $44,000 for the three months ended September
30, 2024. The increase of approximately $49,000 was attributable to an increase in our consulting fees of approximately $26,000, an increase
in our legal fees of $7,000, an increase in our audit fees of $2,000, and an increase in transfer agent costs and geologist for approximately
$14,000.

Equity-based
comp