v3.25.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities:    
Net loss $ (1,482,444) $ (31,340)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Amortization expenses 2,919 2,919
General and administrative expenses advanced by related parties 194 169,416
Change in fair value of warrant liability 90,000
Changes in operating assets and liabilities:    
Prepaid expenses (320,063) (16,518)
Accounts payable 229,566 (108,648)
Accrued expenses 425,719 (10,250)
Accrued interest - related parties 47,082 7,397
Tax payable (169)
Net cash (used in) provided by operating activities (1,007,027) 12,807
Cash Flows from Investing Activities:    
Capital expenditures for equipment (139,387) (41,347)
Net cash used in investing activities (139,387) (41,347)
Cash Flows from Financing Activities:    
Proceeds from draw down under line of credit 736,935
Receipt of subscription receivable 650,000
Net cash provided by financing activities 1,386,935
Net change in cash 240,521 (28,540)
Cash - beginning of the year 32,604 37,345
Cash - end of the year $ 273,125 $ 8,805