v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
ASSETS      
Cash $ 247,341 $ 1,685,633 $ 6,010,075
Receivables, net 82,128 84,655 52,838
Inventory, net 7,777,249 7,459,240 7,375,621
Prepaid and other current assets 5,553,840 5,649,594 513,670
Total current assets 13,660,558 14,879,122 13,952,204
Property and equipment, net 171,371 210,629 376,667
Goodwill 4,924,151 4,779,625 4,797,078
Intangible assets, net 898,052 786,061 628,477
Right-of-use assets     545,411
Investments 235,666 235,596 451,874
Security deposits     85,595
Other assets 117,231 202,862  
TOTAL ASSETS 20,007,029 21,093,895 20,837,306
LIABILITIES AND STOCKHOLDERS’ DEFICIT      
Revolving line of credit 14,000,000 12,700,000 9,000,000
Accounts payable 3,913,079 1,290,824 1,077,898
Accrued expenses 1,039,096 1,911,722 4,741,495
Investor deposits     2,048,776
Related party accrued rent 3,790,800 3,657,600  
Share issuance liability 350,000 250,000
Deferred payables, current 2,295,339 204,445
Operating lease liabilities, current   121,579 445,850
Other current liabilities 30,463 121,579  
Total current liabilities 25,418,777 20,136,171 32,185,012
Related party notes 485,000  
Convertible note payable, net 327,679 37,316
Conversion option liability 1,000 60,000
Warrant liability 420,497 840,995
Earn-out Share Liability 5,030,000 15,560,000
Deferred payables 1,484,238
Operating lease liabilities   119,424
TOTAL LIABILITIES 31,682,953 38,118,720 32,304,436
STOCKHOLDERS’ DEFICIT      
Preferred stock value
Common stock value 3,655 3,621 1,964
Additional paid-in capital 201,697,086 200,667,682 159,475,010
Accumulated deficit (213,531,466) (217,830,518) (170,282,750)
Accumulated other comprehensive income 154,802 134,391 (661,354)
TOTAL STOCKHOLDERS’ DEFICIT (11,675,924) (17,024,825) (11,467,130)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT $ 20,007,029 21,093,895 20,837,306
Related Party      
LIABILITIES AND STOCKHOLDERS’ DEFICIT      
Related party notes, net of discount     12,598,000
Accrued interest, related party     $ 2,272,993
Previously Reported      
ASSETS      
Cash   1,685,633  
Receivables, net   84,655  
Inventory, net   7,459,240  
Prepaid and other current assets   5,649,594  
Total current assets   14,879,122  
Property and equipment, net   210,629  
Goodwill   4,779,625  
Intangible assets, net   786,061  
Right-of-use assets   117,365  
Investments   235,596  
Security deposits   85,497  
TOTAL ASSETS   21,093,895  
LIABILITIES AND STOCKHOLDERS’ DEFICIT      
Revolving line of credit   12,700,000  
Accounts payable   1,290,824  
Accrued expenses   5,569,322  
Investor deposits    
Share issuance liability   250,000  
Deferred payables, current   204,445  
Operating lease liabilities, current   121,579  
Total current liabilities   20,136,171  
Convertible note payable, net   37,316  
Conversion option liability   60,000  
Warrant liability   840,995  
Earn-out Share Liability   15,560,000  
Deferred payables   1,484,238  
Operating lease liabilities    
TOTAL LIABILITIES   38,118,720  
STOCKHOLDERS’ DEFICIT      
Preferred stock value    
Common stock value   3,621  
Additional paid-in capital   200,667,682  
Accumulated deficit   (217,830,518)  
Accumulated other comprehensive income   135,391  
TOTAL STOCKHOLDERS’ DEFICIT   (17,024,825)  
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT   21,093,895  
Previously Reported | Related Party      
LIABILITIES AND STOCKHOLDERS’ DEFICIT      
Related party notes, net of discount    
Accrued interest, related party