v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Cash flows from operating activities:          
Net loss $ (7,454,176) $ 4,540,975 $ (15,021,363) $ (68,297,961)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Depreciation     1,054,939 837,771  
Accretion of debt discount     19,920 392,611  
Amortization of debt issuance cost     350,303 312,440  
Capitalized paid-in-kind (PIK) interest     338,782 0  
Accretion of RCB Equities #1, LLC exit fee     48,624 48,475  
Stock-based compensation     570,015 1,339,965  
Change in fair value of warrant liabilities     (42,131) (12,732,324)  
Change in fair value of New Convertible Debentures     536,060 (11,914,729)  
Loss on extinguishment of debt 0 0 0 78,734,949  
Non-cash lease expense     205,688 171,962  
Gain on disposal of assets     0 (3,102)  
Write-off of property and equipment     0 29,350  
Gain on lease termination 0 (8,532) 0 (23,897)  
Changes in operating assets and liabilities:          
Accounts receivable     (1,906,246) 35,969  
Inventories     42,553 (18,710)  
Contract assets     0 (482,576)  
Other assets     1,335 1,232,368  
Accounts payable and accrued liabilities     20,083 (2,347,781)  
Contract liabilities     (2,786) (2,310,041)  
Operating lease liabilities     (222,228) (55,937)  
Net cash used in operating activities     (14,006,452) (15,051,198)  
Cash flows from investing activities:          
Capital expenditures     (47,239) (351,942)  
Acquisition of business, net of cash acquired     (3,871,992) 0  
Proceeds from sale of assets held for sale     0 419,720  
Proceeds from sale of property and equipment     (500) 6,802  
Net cash (used in) provided by investing activities     (3,919,731) 74,580  
Cash flows from financing activities:          
Proceeds from notes payable     0 14,305,000  
Payment of debt issuance costs on notes payable     0 (1,316,791)  
Proceeds from ATM offering     20,141,905 9,857,857  
Payment of ATM commissions and fees     (703,784) (499,903)  
Repayment on notes payable     (34,581) 0  
Net cash provided by financing activities     19,403,540 22,346,163  
Net change in cash and cash equivalents     1,477,357 7,369,545  
Cash and cash equivalents, beginning of period     1,186,047 753,398 $ 753,398
Cash and cash equivalents, end of period 2,663,404 8,122,943 2,663,404 8,122,943 1,186,047
Supplemental disclosure of cash flow information:          
Cash paid for interest     31,140 111,875  
Cash paid for taxes     0 0  
Non-cash investing and financing activities:          
Conversion of 2024 Term Loan notes and interest to Common Stock     2,870,573 0  
Earnout shares for acquisition 6,864,729 0 6,864,729 0  
Debt assumed in acquisition     2,437,743 0  
Accrued purchase price $ 3,537,963 0 3,537,963 0 $ 0
Operating leases at inception     0 1,095,067  
Exercise of warrants     0 4,451,163  
Fair value of conversion of convertible secured debentures to common stock   $ 3,485,645 0 3,485,645  
Capitalized paid-in-kind (PIK) interest     0 649,922  
Liabilities relieved through sale of asset held for sale     0 1,158,609  
Transfer from assets held for sale to property and equipment     $ 0 $ 1,114,883