v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (11,392,814) $ (3,355,366)
Adjustments to reconcile net (loss) income to cash used in operating activities:    
Depreciation 378 16,936
Amortization 2,272,817 2,896,174
Loss on inventory valuation 2,240
Loss on disposal of tangible assets 626
Lease expense 13,424
Gain on disposal of ROU assets (444)
Bad debts (1,751) 4,216
Severance pay 152,087 24,477
Interest expense 64
Merger and acquisiton costs 8,464,579
Loss on foreign currency translation (3,075) 34,772
Changes in operating assets and liabilities:    
(Increase) decrease in trade and other receivables 139,567 15,089
Increase in inventories, net 189,466 210,419
Increase in other current assets (11,599) (37,739)
(Decrease) increase in trade and other payables 22,356 (290,858)
Increase in accrued expenses 94,922 4,805
Increase (decrease) in lease liabilities (13,424) (16,447)
Increase in tax payables 35 (4,208)
(Decrease) Increase in other liabilities 8,962 (3,532)
Net cash used in operating activities (64,069) (498,776)
Cash flows from investing activities:    
Decrease in deposits 4,271
Decrease in short-term loan 225,440
Disposal of equipment and vehicles 1,000 684
Increase in deposits (3,764)
Increase in long-term loan (14,539)
Increase in cash and cash equivalents from business combination 1,199,129
Net cash provided by (used in) investing activities 1,185,591 226,631
Cash flows from financing activities:    
Proceeds from long-term debt 121,501
Proceeds from short-term borrowing 149,381 481,460
Repayment of short-term borrowing (336,378)
Net cash provided by financing activities 149,381 266,582
Net change in cash and cash equivalents 1,270,902 (5,562)
Effects of changes in exchange rate on cash and cash equivalents (16,749) (22,210)
Cash and cash equivalents at beginning of year 341,543 540,207
Cash and cash equivalents at end of year 1,595,697 512,435
Supplemental disclosures of cash flow information:    
Cash paid for interest 16,991 13,481
Cash paid for income taxes (net of refunds received) $ (35) $ 4,212