Company: GEDC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023834
Chunk: 27

Company: CalEthos, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 27
---
  
     5.0  
     0.58  
     0.02 
  
    Forfeited 
     -  
     -  
     -  
     -  
     – 
  
    Exercised 
     —  
     –  
     –  
     –  
     – 
  
    Expired 
     -  
     -  
     -  
     -  
     - 
  
    Balance, June 30, 2025 
     8,504,678  
     0.95  
     4.0  
     0.83  
     0.27 
  
    Vested and exercisable, June 30, 2025 
     8,504,678  
     0.95  
     4.0  
     0.83  
     0.27 
  
    Unvested, June 30, 2025 
     –  
    $–  
     –  
    $–  
    $– 

In
April 2025, the Company borrowed $250,000 from an entity formed for the benefit of Sean Fontenot, a director of the Company, and his
family. The loan is evidenced by a promissory note that bears interest at the rate of 10% per annum and matures on August 31, 2025. In
connection with such loan, the Company issued to the lender a five5-year warrant to purchase 500,000 shares of common stock for a purchase
price of $0.49 per share. The warrant’s grant
date fair value of approximately $291,000 was calculated using the Black Scholes fair value option-pricing model with key input variables
provided by management, as of the date of issuance: volatility of 214.75%, the fair value of common stock $0.59, estimated life of 5.0
years, risk-free rate of 3.98% and dividend rate of $0.

Note
7 – Subsequent Events 

 SUBSEQUENT EVENTS

The
Company evaluated all events that occurred after the balance sheet date through the date the financial statements were issued to determine
if they must be reported. The management determined there are no reportable events except for the following:

In July 2025