v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
OPERATING ACTIVITIES        
Net loss $ (712,410) $ (701,463) $ (4,506,466) $ (9,932,620)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation and amortization 429,990 363,141 1,576,457 1,431,816
Amortization of debt discount and issuance cost 16,982 18,841    
Gain on sale of building 1,831 (205,146)
Amortization of right-of-use assets 917,614 715,633 3,273,597 2,570,202
Write-down of obsolete and slow-moving inventory 596,423 743,419 2,491,934 2,471,653
Loss on debt extinguishment 7,500 1,888,889
Non-cash interest expense 32,500 32,000
Change in contingent consideration (774,900)
Loss on vendor settlement 91,291
Change in allowance for credit losses 12,925 15,425
Impairment of goodwill 6,104,000
Changes in operating assets and liabilities:        
Accounts receivable 38,636 (38,102) (394,517) (88,366)
Inventories (1,193,166) (691,628) (2,375,226) (2,032,996)
Prepaid expenses and vendor deposits 222,757 2,297 (300,118) (92,016)
Other current assets (169,620) (28,986) 27,036 140,801
Due to related party (2,399) (948,083) (2,440,094) (1,416,638)
Other assets 15,192 (7,420) (76,317) (16,090)
Accounts payable and accrued expenses 1,840,093 (1,269,675) 1,178,624 1,430,867
Contract liabilities (38,881) (27,597) (127,057) (21,604)
Lease liabilities (877,794) (678,946) (3,121,863) (2,438,179)
NET CASH USED IN OPERATING ACTIVITIES 1,092,748 (2,548,569) (3,064,842) (2,525,354)
INVESTING ACTIVITIES        
Payment for acquisition (5,475,000) (750,000)
Proceeds from sale of Saugerties, NY building 749,000
Purchases of property and equipment (127,419) (74,220) (251,793) (179,623)
NET CASH USED IN INVESTING ACTIVITIES (127,419) (74,220) (4,977,793) (929,623)
FINANCING ACTIVITIES        
Proceeds from security purchase agreement 1,700,000 1,700,000
Principal payments on loan payable (262,799) (171,752) (2,535,758) (558,095)
Proceeds from acquisition loan 7,500,000
Proceeds from initial public offering (IPO) 4,000,000
Payment for IPO-related cost   (1,420,000)  
Investment from parent company 695,207 1,736,412 3,415,081
Due to related party (966,584) (2,306,016)
Proceeds from warrant exercised 1,889
NET CASH PROVIDED BY FINANCING ACTIVITIES (1,229,383) 2,223,455 8,676,527 2,856,986
NET INCREASE (DECREASE) IN CASH (264,054) (399,334) 633,892 (597,991)
CASH — BEGINNING OF PERIOD 2,056,472 1,422,580 1,422,580 2,020,571
CASH — END OF PERIOD 1,792,418 1,023,246 2,056,472 1,422,580
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION        
Cash paid for interest 298,324 103,072 816,151 199,705
Cash paid for income tax
NON-CASH INVESTING AND FINANCING ACTIVITIES        
Debt to equity conversion 450,000    
Promissory note related to acquisition 1,825,000 718,000
Right-of-use assets obtained in exchange for operating lease liabilities $ 4,609,608 $ 1,325,409