| Schedule of Previously Reported Consolidated Financial Statements |
Schedule
of Previously Reported Consolidated Financial Statements
| | |
As
Previously Reported | | |
Adjustments | | |
As
Restated | | |
As
Previously Reported | | |
Adjustments | | |
As
Restated | | |
As
Previously Reported | | |
Adjustments | | |
As
Restated | |
| | |
March
31, 2024 | | |
June
30, 2024 | | |
September
30, 2024 | |
| | |
As
Previously Reported | | |
Adjustments | | |
As
Restated | | |
As
Previously Reported | | |
Adjustments | | |
As
Restated | | |
As
Previously Reported | | |
Adjustments | | |
As
Restated | |
| Accounts receivable, net
| |
$ | 910,815 | | |
$ | (490,750 | ) | |
$ | 420,065 | | |
$ | 600,478 | | |
$ | (400,833 | ) | |
$ | 199,645 | | |
$ | 1,316,093 | | |
$ | (994,740 | ) | |
$ | 321,353 | |
| Inventory, net | |
| 2,280,480 | | |
| (526,329 | ) | |
| 1,754,151 | | |
| 2,638,108 | | |
| (993,816 | ) | |
| 1,644,292 | | |
| 2,366,056 | | |
| (815,304 | ) | |
| 1,550,752 | |
| Other current
assets | |
| 1,326,011 | | |
| 343,599 | | |
| 1,669,610 | | |
| 2,455,069 | | |
| 724,095 | | |
| 3,179,164 | | |
| 1,697,407 | | |
| (501,381 | ) | |
| 1,196,026 | |
| Total current assets | |
| 4,539,604 | | |
| (673,480 | ) | |
| 3,866,124 | | |
| 5,766,765 | | |
| (670,554 | ) | |
| 5,096,211 | | |
| 5,452,253 | | |
| (2,311,425 | ) | |
| 3,140,828 | |
| Total assets | |
| 6,858,362 | | |
| (673,480 | ) | |
| 6,184,882 | | |
| 8,104,796 | | |
| (670,554 | ) | |
| 7,434,242 | | |
| 7,837,292 | | |
| (2,311,425 | ) | |
| 5,525,867 | |
| Accounts payable and accruals | |
| 1,061,169 | | |
| (487,124 | ) | |
| 574,045 | | |
| 839,494 | | |
| (292,407 | ) | |
| 547,087 | | |
| 836,849 | | |
| (210,867 | ) | |
| 625,982 | |
| Total current liabilities | |
| 3,669,807 | | |
| (487,124 | ) | |
| 3,182,683 | | |
| 3,232,506 | | |
| (292,407 | ) | |
| 2,940,099 | | |
| 2,924,403 | | |
| (210,867 | ) | |
| 2,713,536 | |
| Total liabilities | |
| 4,282,022 | | |
| (487,124 | ) | |
| 3,794,898 | | |
| 3,489,951 | | |
| (292,407 | ) | |
| 3,197,544 | | |
| 3,111,973 | | |
| (210,867 | ) | |
| 2,901,106 | |
| Accumulated deficit | |
| (34,903,827 | ) | |
| (186,356 | ) | |
| (35,090,183 | ) | |
| (36,745,793 | ) | |
| (378,147 | ) | |
| (37,123,940 | ) | |
| (38,070,941 | ) | |
| (2,100,558 | ) | |
| (40,171,499 | ) |
| Total stockholders’ equity | |
| 2,576,340 | | |
| (186,356 | ) | |
| 2,389,984 | | |
| 4,614,845 | | |
| (378,147 | ) | |
| 4,236,698 | | |
| 4,725,319 | | |
| (2,100,558 | ) | |
| 2,624,761 | |
| Total liabilities and stock holders’ equity | |
| 6,858,362 | | |
| (673,480 | ) | |
| 6,184,882 | | |
| 8,104,796 | | |
| (670,554 | ) | |
| 7,434,242 | | |
| 7,837,292 | | |
| (2,311,425 | ) | |
| 5,525,867 | |
Consolidated
Statements of Operations and Comprehensive loss (unaudited) as of,
| | |
As Previously Reported | | |
Adjustments | | |
As Restated | |
| | |
Three Months Ended March 31 | |
| | |
As Previously Reported | | |
Adjustments | | |
As Restated | |
| Revenue, net | |
$ | 2,260,329 | | |
$ | (1,200,974 | ) | |
$ | 1,059,355 | |
| Cost of revenue | |
| 2,089,567 | | |
| (990,578 | ) | |
| 1,098,989 | |
| Gross profit | |
| 170,762 | | |
| (210,396 | ) | |
| (39,634 | ) |
| Other Operating Expenses | |
| 705,651 | | |
| (24,040 | ) | |
| 681,611 | |
| Loss from operations | |
| (842,199 | ) | |
| (186,356 | ) | |
| (1,028,555 | ) |
| Net loss | |
| (1,093,095 | ) | |
| (186,356 | ) | |
| (1,279,451 | ) |
| Net loss attributable to common stockholders | |
| (1,093,095 | ) | |
| (186,356 | ) | |
| (1,279,451 | ) |
| Comprehensive loss | |
| (1,015,062 | ) | |
| (186,356 | ) | |
| (1,201,418 | ) |
| Net loss per common share - basic and diluted | |
| (2.07 | ) | |
| (0.35 | ) | |
| (2.42 | ) |
Consolidated
Statements of Operations and Comprehensive loss (unaudited) as of,
| | |
As Previously Reported | | |
Adjustments | | |
As Restated | | |
As Previously Reported | | |
Adjustments | | |
As Restated | |
| | |
Three months ended June 30, 2024 | | |
Six months ended June 30, 2024 | |
| | |
As Previously Reported | | |
Adjustments | | |
As Restated | | |
As Previously Reported | | |
Adjustments | | |
As Restated | |
| Revenue, net | |
$ | 1,776,558 | | |
$ | (1,141,540 | ) | |
$ | 635,018 | | |
$ | 4,036,887 | | |
$ | (2,342,514 | ) | |
$ | 1,694,373 | |
| Cost of revenue | |
| 1,482,041 | | |
| (894,525 | ) | |
| 587,516 | | |
| 3,571,608 | | |
| (1,885,103 | ) | |
| 1,686,505 | |
| Gross profit | |
| 294,517 | | |
| (247,015 | ) | |
| 47,502 | | |
| 465,279 | | |
| (457,411 | ) | |
| 7,868 | |
| Other operating expenses | |
| 689,414 | | |
| (55,224 | ) | |
| 634,190 | | |
| 1,395,065 | | |
| (79,264 | ) | |
| 1,315,801 | |
| Loss from operations | |
| (691,723 | ) | |
| (191,790 | ) | |
| (883,513 | ) | |
| (1,533,922 | ) | |
| (378,147 | ) | |
| (1,912,069 | ) |
| Net loss | |
| (1,841,967 | ) | |
| (191,790 | ) | |
| (2,033,757 | ) | |
| (2,935,062 | ) | |
| (378,147 | ) | |
| (3,313,209 | ) |
| Net loss attributable to common shareholders | |
| (1,841,967 | ) | |
| (191,790 | ) | |
| (2,033,757 | ) | |
| (2,935,062 | ) | |
| (378,147 | ) | |
| (3,313,209 | ) |
| Comprehensive loss | |
| (1,823,178 | ) | |
| (191,790 | ) | |
| (2,014,968 | ) | |
| (2,838,240 | ) | |
| (378,147 | ) | |
| (3,216,387 | ) |
| Net loss per common share - basic and diluted | |
| (1.52 | ) | |
| (0.16 | ) | |
| (1.68 | ) | |
| (3.39 | ) | |
| (0.44 | ) | |
| (3.82 | ) |
Consolidated
Statements of Operations and Comprehensive loss (unaudited) as of,
| | |
As Previously Reported | | |
Adjustments | | |
As Restated | | |
As Previously Reported | | |
Adjustments | | |
As Restated | |
| | |
Three months ended September 30, 2024 | | |
Nine months ended September 30, 2024 | |
| | |
As Previously Reported | | |
Adjustments | | |
As Restated | | |
As Previously Reported | | |
Adjustments | | |
As Restated | |
| Revenue, net | |
$ | 884,283 | | |
$ | (624,504 | ) | |
$ | 259,779 | | |
$ | 4,921,170 | | |
$ | (2,967,018 | ) | |
$ | 1,954,152 | |
| Cost of revenue | |
| 887,850 | | |
| (336,734 | ) | |
| 551,116 | | |
| 4,459,458 | | |
| (2,221,838 | ) | |
| 2,237,620 | |
| Gross profit (loss) | |
| (3,567 | ) | |
| (287,770 | ) | |
| (291,337 | ) | |
| 461,712 | | |
| (745,180 | ) | |
| (283,468 | ) |
| Commissions | |
| 11,429 | | |
| (11,429 | ) | |
| - | | |
| 15,650 | | |
| (11,429 | ) | |
| 4,221 | |
| Other operating expenses | |
| 631,722 | | |
| 1,446,071 | | |
| 2,077,793 | | |
| 2,026,787 | | |
| 1,366,807 | | |
| 3,393,594 | |
| Loss from operations | |
| (919,795 | ) | |
| (1,722,412 | ) | |
| (2,642,207 | ) | |
| (2,453,717 | ) | |
| (2,100,558 | ) | |
| (4,554,275 | ) |
| Net loss | |
| (1,325,147 | ) | |
| (1,722,412 | ) | |
| (3,047,559 | ) | |
| (4,260,209 | ) | |
| (2,100,558 | ) | |
| (6,360,767 | ) |
| Net loss attributable to common shareholders | |
| (1,325,147 | ) | |
| (1,722,412 | ) | |
| (3,047,559 | ) | |
| (4,260,209 | ) | |
| (2,100,558 | ) | |
| (6,360,767 | ) |
| Comprehensive loss | |
| (1,343,145 | ) | |
| (1,722,412 | ) | |
| (3,065,557 | ) | |
| (4,181,385 | ) | |
| (2,100,558 | ) | |
| (6,281,943 | ) |
| Net loss per common share - basis and diluted | |
| (0.48 | ) | |
| (0.63 | ) | |
| (1.11 | ) | |
| (2.84 | ) | |
| (1.40 | ) | |
| (4.24 | ) |
Consolidated
Statements of Cash Flows (unaudited) as of,
| | |
As Previously
Reported | | |
Adjustments | | |
As Restated | | |
As Previously
Reported | | |
Adjustments | | |
As Restated | | |
As Previously
Reported | | |
Adjustments | | |
As Restated | |
| | |
Three
Months Ended March 31, 2024 | | |
Six Months
Ended June 30, 2024 | | |
Nine Months Ended September 30, 2024 | |
| | |
As Previously
Reported | | |
Adjustments | | |
As Restated | | |
As Previously
Reported | | |
Adjustments | | |
As Restated | | |
As Previously
Reported | | |
Adjustments | | |
As Restated | |
| Net Loss | |
$ | (1,093,095 | ) | |
$ | (186,356 | ) | |
$ | (1,279,451 | ) | |
$ | (2,935,062 | ) | |
$ | (378,147 | ) | |
$ | (3,313,209 | ) | |
$ | (4,260,209 | ) | |
$ | (2,100,558 | ) | |
$ | (6,360,767 | ) |
| Credit loss expense | |
| 4,051 | | |
| 4,051 | | |
| - | | |
| - | | |
| | | |
| - | | |
| 35,096 | | |
| 35,096 | | |
| - | |
| Accounts receivables | |
| (380,671 | ) | |
| (494,801 | ) | |
| 114,130 | | |
| (66,283 | ) | |
| (400,833 | ) | |
| 334,550 | | |
| (816,994 | ) | |
| (1,029,836 | ) | |
| 212,842 | |
| Inventories | |
| 167,992 | | |
| (526,329 | ) | |
| 694,321 | | |
| (400,510 | ) | |
| (993,816 | ) | |
| 593,306 | | |
| (472,435 | ) | |
| (815,304 | ) | |
| 342,869 | |
| Other current assets | |
| (102,539 | ) | |
| 343,599 | | |
| (446,138 | ) | |
| (799,947 | ) | |
| 724,095 | | |
| (1,524,042 | ) | |
| (863,936 | ) | |
| (501,381 | ) | |
| (362,556 | ) |
| Accounts payable and accruals | |
| 388,691 | | |
| 487,124 | | |
| (98,433 | ) | |
| 130,298 | | |
| 292,407 | | |
| (162,109 | ) | |
| 127,653 | | |
| 210,867 | | |
| (83,214 | ) |
|