v3.25.2
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current assets:      
Cash and cash equivalents $ 1,738,033 $ 523,690 $ 178,961
Accounts receivable, net 4,376 40,675 28,573
Due from former owners   32,519
Inventory 475,152 516,650 571,512
Refundable income tax   151,796
Prepaid expenses and other current assets 683,687 942,456 388,759
Total current assets 2,901,248 2,023,471 1,352,120
Restricted cash - non-current 120,000 200,000 200,000
Property and equipment, net 6,280,246 6,382,788 7,949,144
Right-of-use assets 1,802,006 1,879,729 1,616,198
Intangibles assets 1,481,352 1,633,927 2,513,028
Goodwill 8,022,082 8,022,082 8,147,590
Other assets 53,997 53,997 12,895
Total assets 20,660,931 20,195,994 21,790,975
Current liabilities:      
Accounts payable 1,769,991 1,979,503 3,206,594
Accrued expenses 643,311 285,770 858,334
Cumulative Series A preferred stock dividends payable   92,322
Operating lease liabilities 163,193 183,981 141,691
Loans payable, net of discount 1,737,846 2,340,020 1,713,831
Convertible debentures, net of issuance costs   100,000
Notes payable, net of discount 3,157,641 3,410,465 1,469,043
Total current liabilities 7,471,982 8,199,739 7,581,815
Operating lease liabilities, non-current 1,901,083 1,943,487 1,514,044
Notes payable – noncurrent 8,283,910 8,490,763 13,483,375
Total liabilities 17,656,975 18,633,989 22,579,234
Commitments and Contingencies (Note 15)  
Stockholder’s Equity      
Additional paid-in capital 41,768,760 37,911,867 20,426,569
Accumulated deficit (38,765,317) (36,350,281) (21,215,257)
Total stockholder’s equity 3,003,956 1,562,005 (788,259)
Total liabilities and stockholder’s equity 20,660,931 20,195,994 21,790,975
Class A Common Stock      
Stockholder’s Equity      
Common stock value 211 117
Class B Common Stock      
Stockholder’s Equity      
Common stock value $ 302 302 389
Convertible Series A Preferred Stock      
Stockholder’s Equity      
Convertible series A preferred stock, $0.0001 par value, 1 million shares authorized, 0 and 403,640 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively.   $ 40