v3.25.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]    
Revenue $ 2,524,116 $ 58,465
Cost of revenue 1,469,018 1,185,630
Gross profit 1,055,098 (1,127,165)
Operating expenses    
Selling, general, and administrative 11,231,982 14,770,678
Research and development 154,359 1,949,406
Impairment of ENTADFI 3,530,716 14,687,346
Impairment of intangibles 10,279,796
Impairment of goodwill 32,347,000
Impairment of deposit on asset purchase agreement 3,500,000
Total operating expenses 57,543,853 34,907,430
Loss from operations (56,488,755) (36,034,595)
Other (expense) income    
Loss on extinguishment of note payable (490,000)
Interest expense - related party (534,245)
Interest expense (873,433) (671,625)
Interest income 18
Change in fair value of subscription agreement liability (3,259,000) (134,100)
Change in fair value of contingent warrant liabilities 1,250,466 (91,967)
Other 168,746
Total other (loss) (3,247,448) (1,387,692)
Loss before income taxes (59,736,203) (37,422,287)
Income tax benefit 1,045,180 12,593
Net loss (58,691,023) (37,409,694)
Deemed dividend Series C preferred stock (206,404)
Net loss applicable to common stockholders $ (58,897,427) $ (37,409,694)
Net loss per share, basic (in Dollars per share) $ (21.45) $ (87.45)
Net loss per share, diluted (in Dollars per share) $ (21.45) $ (87.45)
Weighted average number of common shares outstanding, basic (in Shares) 2,745,564 427,784
Weighted average number of common shares outstanding, diluted (in Shares) 2,745,564 427,784
Other comprehensive income (loss)    
Net loss $ (58,691,023) $ (37,409,694)
Foreign currency translation (5,342,327) 2,374,957
Change in pension benefit obligation 238,010 5,963
Total comprehensive loss $ (63,795,340) $ (35,028,774)