v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (5,807,141) $ (10,935,366)
Adjustments to reconcile net loss to net cash provided by operating activities    
Fair value of vested stock options 1,962,000 5,706,311
Fair value of vested restricted common stock 1,063,918 1,589,609
Fair value of common stock issued for services 384,088 217,500
Loss on fair value of common stock issued for settlement of vendor 33,750
Depreciation of capitalized software costs 323,080 681,474
Amortization of intangible assets 1,100,979 1,215,834
Amortization of debt discount 10,430
Accrued interest (14,740) 31,868
Changes in operating assets and liabilities:    
Accounts receivable 81,060 46,211
Inventories 2,094,785 (1,087,690)
Prepaid expenses and other current assets (305,661) (28,735)
Right of use assets 155,724 155,011
Accounts payable (272,281) (510,163)
Accrued expenses (9,528) 205,235
Customer deposits (94,847)
Deferred revenue 30,453 (222,972)
Deferred taxes (293,716)
Operating lease liability (152,402) (138,327)
Net cash provided by (used in) operating activities 289,951 (3,074,200)
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash received on acquisition 109,543
Capital expenditures (449,646)
Net cash provided by (used in) investing activities 109,543 (449,646)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from line of credit 61,299,312 53,772,243
Repayment of line of credit (63,388,495) (52,839,180)
Proceeds from note payable 985,000
Repayment of notes payable (825,928)
Repayment of notes payable – related party (2,000,000)
Proceeds from sale of common stock, net of expenses, under at-the-market sale agreement 1,383,702
Proceeds from sale of common stock, net of expenses, under stock purchase agreement 374,500
Proceeds from public offering of common stock 478,000
Proceeds from private offering of common stock 250,000
Repayment of acquisition obligation (500,000)
Proceeds from private placement of common stock 2,921,500
Net cash provided by (used in) financing activities (1,443,909) 3,354,563
Net increase (decrease) in cash and cash equivalents (1,044,415) (169,283)
Cash and cash equivalents beginning of period 4,301,842 5,682,372
Cash and cash equivalents end of period 3,257,427 5,513,089
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 322,289 510,417
Taxes paid
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Common shares issued for acquisition 609,000
Common shares issued for trade accounts payable 108,750
Accounts receivable from acquisition 37,499
Deposits from acquisition 2,633
Accounts payable from acquisition 500
Accrued expenses from acquisition 13,340
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities $ 1,395,541