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 $ (34,619,413) $ (1,078,143)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 80 1,118
Salaries conversion to common stock 536,251
Gain (Loss) on debt settlement 29,926,400
Stock compensation expense by issuance of Preferred C 1,537,500
Issuances of common stock to board of directors for services - conversion from accrued compensation 972,500
Issuances of common stock to board of directors for services 220,000
Consulting services - issuance of common stock 403,518
Restricted stock grants 430,166
Stock option expense 365,641
Stock issued for borrowings 177,750
Changes in assets and liabilities:    
Accounts receivables, net 24,984 (68,191)
Inventories (67,061) (52,510)
Prepaid expenses (53,366)
Other assets 223 3,750
Accounts payable and accrued expenses (576,341) 569,682
Royalty payable 9,179 (32,910)
Refunds and chargeback payable (47,646) 24,561
Net cash used in operating activities (759,635) (632,643)
Cash flows from financing activities:    
Repayments on loan payable (33,424)
Proceeds from borrowings from stockholder 500,000
Proceeds from borrowings from related parties 279,001 539,428
Net cash provided by financing activities 745,577 539,428
Net increase(decrease) in cash (14,058) (93,215)
Cash – beginning of period 53,549 116,100
Cash – end of period 39,491 22,885
Supplemental disclosures of cash flow information    
Interest
Income taxes
Non-cash investing and financing activities:    
Conversion of accrued salaries to common stock 536,251
Conversion of loans payable and accrued interest to stockholder to Preferred C Shares 5,492,780
Conversion of loans payable and accrued interest to related parties to Preferred C Shares 1,085,468
Conversion of loans payable and accrued interest to stockholder to Preferred D Shares $ 3,625,000