Company: XERI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001477932-25-001010
Chunk: 0

Company: XERIANT, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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XERIANT, INC.

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024

(UNAUDITED)

INDEX TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Condensed Consolidated Balance Sheets as of December 31, 2024 (Unaudited) and June 30, 2024 F-2   Condensed Consolidated Statements of Operations for the three and six months ended December 31, 2024 and 2023 (Unaudited) F-3     Condensed Consolidated Statements of Stockholders’ Deficit for the three and six months ended December 31, 2024 and 2023 (Unaudited)F-4     Condensed Consolidated Statements of Cash Flows for the six months ended December 31, 2024 and 2023 (Unaudited) F-6     Notes to Unaudited Condensed Consolidated Financial Statements F-7

 F-1Table of Contents

XERIANT, INC. CONDENSED CONSOLIDATED BALANCE SHEETS         As of   As of    December 31, 2024  June 30, 2024        Assets      Current assets      Cash  $254,195  $653,117 Prepaids  14,427   2,931 Note receivable  -   8,163 Total current assets  268,622   664,211          Deposits  -   12,546 Property & equipment, net  3,239   3,995 Operating lease right-of-use asset  4,738   32,253 Total assets $276,599  $713,005          Liabilities and stockholders' deficit        Current liabilities        Accounts payable and accrued liabilities $927,381  $1,211,533 Accrued liabilities, related party  12,500   20,000 Shares to be issued  25,000   75,200 Convertible notes payable, net of discount - in default  5,900,000   5,850,000 Convertible notes payable, net of discount   2,095,803   2,132,529 Lease liability, current  5