v3.25.2
Unaudited Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]        
Revenue $ 6,421,371 $ 6,989,746 $ 25,165,733 $ 19,492,606
Cost of goods sold (exclusive of depreciation expense shown below) 4,656,799 5,464,113 19,277,786 14,969,683
Gross profit 1,764,572 1,525,633 5,887,947 4,522,923
Operating expenses        
Advertising and marketing expenses 290,879 343,409 1,171,696 641,831
General and administrative expenses 3,393,542 2,143,550 9,106,716 5,144,601
Provision for credit losses 9,295 31,484 123,562
Depreciation and amortization expenses 25,364 42,752 126,791 148,763
Total operating expenses 3,719,080 2,529,711 10,436,687 6,058,757
Loss from operations (1,954,508) (1,004,078) (4,548,740) (1,535,834)
Other income (expense)        
Interest expense (1,856,979) (1,136,300) (5,270,404) (653,429)
Change in fair value of warrant liabilities 476,583 (165,361) (433,725)
Change in fair value of conversion option liabilities 272,479 (60,665) (204,487)
Gain on forgiveness of payable     319,900
Foreign exchange loss 6,509 (4,704) (48,071)
Resale commissions income 44,920 134,600 106,353
Other income (expense), net (139,321) 43,526 117,531 65,949
Total other (expense) income, net (1,195,809) (1,323,504) (5,384,656) (481,127)
Loss before income taxes (3,150,317) (2,327,582) (9,933,396) (2,016,961)
Income tax benefit (expense) 400,000 (532,280) (838,055) 838,055
Net loss $ (2,750,317) $ (2,859,862) $ (10,771,451) $ (1,178,906)
Net income (loss) per common share, basic (in Dollars per share) $ (0.08) $ (0.09) $ (0.32) $ (0.05)
Net income (loss) per common share, diluted (in Dollars per share) $ (0.08) $ (0.09) $ (0.32) $ (0.05)
Weighted average number of common shares outstanding, basic (in Shares) 35,341,529 31,896,640 33,505,605 24,875,667
Weighted average number of common shares outstanding, diluted (in Shares) 35,341,529 31,896,640 33,505,605 24,875,667