v3.25.1
Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (5,107,195) $ (8,504,311)
Adjustments to reconcile net loss to net cash used in operating activities:    
Debt issuance cost 220,135 1,021,292
Loss on sales of subsidiaries 132,491
Depreciation and amortization expense 646,254 397,185
Gain on extinguishment of debt (81,144) (189,705)
Impairment on intangible assets 466,737
Stock-based compensation 54,360 80,208
Non-cash conversion of payables to debt 1,115,852
Non-cash finance fees 559,694
Non-cash expenses paid with debt 99,179
Non-cash financing expenses – stock issued for services 91,250 99,200
Non-cash operating lease costs, net (22,687) 11,535
Provision for bad debt 91,320
Changes in operating assets and liabilities:    
Accounts receivable, net 51,543 49,953
Inventory 460,630 625,755
Prepaid expenses and other current assets 95,360 (39,700)
Deposits and other assets 32,654 (158,974)
Accounts payable (47,066) (371,498)
Accrued expenses (270,962) 957,616
Accrued expenses, related parties 130,510 297,324
Contract liabilities (40,000) (9,312)
Discontinued operations 467,570 24,462
Net cash used in operating activities (1,411,573) (5,150,913)
Cash flows from investing activities:    
Additions to property and equipment (3,450)
Net cash used in investing activities (3,450)
Cash flows from financing activities:    
Receipts from related parties 1,245,453 89,000
Payments to related parties (1,420,304)
Proceeds from issuance of common stock, net 2,151,310
Proceeds from exercise of warrants 1,781,500 5,425,140
Proceeds from debt 163,500 2,053,071
Repayments on debt (231,244) (4,309,934)
Repayment of debt of discontinued operations (250,295)
Net cash provided by financing activities 1,288,610 5,408,587
Net increase (decrease) in cash (122,963) 254,224
Cash, beginning of period 154,666 60,790
Cash, end of period 31,703 315,014
Supplemental disclosure of cash flow information:    
Interest paid 17,096 242,605
Non-cash investing and financing activities:    
Debt issued in connection with acquisition 65,129
Stock issued for exercise of warrants 607,903
Warrant exercise for debt settlement 142,540
Non-cash original issue debt discount 26,113
Conversion of notes payable to equity 142,779
Conversion of interest to equity 512,335
Conversion of interest to notes payable $ 121,510