v3.25.1
Unaudited Condensed Consolidated Statements of Cash Flows
 3 Months Ended
Mar. 31, 2025
USD ($)
Mar. 31, 2024
USD ($)
Cash flows from operating activities    
Net loss $ (944,190) $ (2,927,667)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 7,021 1,286
Stock-based compensation 48,773 2,031,631
Provision for doubtful accounts  
Other non-cash expenses 210,040 176,283
Loss on investment in equity securities 50,877
Amortization of right-of-use asset 106,927 101,260
Changes in operating assets and liabilities:    
Inventories (11,460)
Prepaid expenses and other current assets (149) (53,380)
Due from related parties 54,113 (140,364)
Other assets – tenant security deposit 5,029
Accrued expenses and other current liabilities 40,113 (43,605)
Operating lease liabilities (106,927) (101,260)
Net cash used in operating activities (539,833) (955,816)
Cash flows from investing activities    
Net cash used in investing activities
Cash flows from financing activities    
Proceeds from short-term loans 30,000
Repayment of short-term loans (29,250)
Proceeds from issuance of warrants 394,071
Proceeds from exercise of warrants 411,667
Proceeds from convertible notes payable 282,095
Due to related parties, net 46,339 217,981
Net cash provided by financing activities 428,756 924,147
Effect of exchange rate changes on cash and cash equivalents and restricted cash 6,830 (26,109)
Net decrease in cash and cash equivalents and restricted cash (104,247) (57,778)
Cash and cash equivalents and restricted cash    
Beginning 863,815 716,780
Ending 759,568 659,002
Supplemental disclosure of cash flows    
Interest expense paid 5,231 5,701
Income taxes paid
Non-cash financing and investing activities    
Acquiring control of the land 7,670,000
Issuance of common stock for conversion of debt 47,579 467,574
Conversion of convertible note due from related parties to equity investment $ 563,819