v3.24.2
Consolidated Statement of Cash Flows (FY) - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities    
Net income/(loss) $ (58,189,200) $ 50,523,700
Adjustments to reconcile net income / (loss) to net cash used in operating activities:    
Non-cash interest expense on debt 39,429,100 2,038,700
Change in fair value of derivative liabilities 2,791,600 (75,809,900)
Depreciation 60,400 59,100
Non-cash charge for operating lease 153,800 86,800
Prepaid expenses and other current assets (1,600) 105,200
Related party receivable/payable 0 (72,100)
Accounts receivable 426,900 (507,800)
Unearned revenue 4,413,100 0
Operating lease liability (149,600) (82,500)
Accounts payable 1,332,000 (542,700)
Net cash used in operating activities (9,733,500) (24,201,500)
Cash flows used in investing activities    
Purchases of property and equipment (2,200) (84,500)
Net cash provided by (used in) investing activities (2,200) (84,500)
Cash flows provided by financing activities    
Proceeds from convertible promissory notes 3,500,000 15,360,000
Settlement of convertible promissory notes (1,000,000) 0
Net cash provided by financing activities 2,500,000 15,360,000
Net change in cash (7,235,700) (8,926,000)
Cash and cash equivalents, beginning of period 9,808,400 18,734,400
Cash and cash equivalents, end of period 2,572,700 9,808,400
Supplemental disclosure of cash flow information    
Cash paid for interest 0 0
Cash paid for taxes 0 0
Non cash investing and financing activities    
Right of use assets obtained in exchange for operating lease liability $ 0 $ 593,900