v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOW FROM OPERATING ACTIVITIES:    
Net loss $ (23,196,999) $ (7,954,282)
Depreciation and amortization 72,875 54,996
Non-cash, in-kind interest settled 984,576
(Gain) loss on disposition of property 662
Deferred compensation in connection with Series A preferred shares 328,126 2,478,125
Loss on debt extinguishment 12,317,785 250,000
Loss on settlement of liability 2,579,509
Settlement of revenue interest purchase note through issuance of preferred stock 750,005
Adjustments to reconcile net loss to cash (used in) operating activities:    
Accounts receivable (338,073) 672,733
Prepaid expense and other (1,114,045) 3,774
Inventory 929,010 (569,126)
Lease deposits and other (19,266)
Accounts payable 4,011,646 473,820
Accrued expenses 140,489 142,084
Deferred revenue 45,479
Right-of-use lease liabilities (100,774)
Net Cash (Used in) Operating Activities (3,359,662) (3,697,209)
CASH FLOW FROM INVESTING ACTIVITIES:    
Disposition of property and equipment (42,272) (5,939)
Net Cash Provided by Investing Activities (42,272) (5,939)
CASH FLOW FROM FINANCING ACTIVITIES:    
Offering costs (380,251)
Proceeds from line of credit 535,200
Proceeds from loans - officer - related party 215,461
Proceeds from loans - director - related party   400,000
Proceeds from working capital loans, net 6,639,026 2,091,503
Repayments of working capital loans, net (180,320) (233,927)
Origination fees (39,600)
Proceeds of loans – officer - related party 7,745
Payments on line of credit (350,000)
Proceeds from issuance of Common stock 2,500,000
Net Cash Provided by Financing Activities 8,196,600 3,008,237
CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 4,794,666 (694,911)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 287,546 1,147,696
CASH AND CASH EQUIVALENTS AT END OF PERIOD 457,212 452,785
RESTRICTED CASH AT END OF PERIOD 4,625,000
TOTAL CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD 5,082,212 452,785
Cash paid for:    
Interest 155,148 281,666
Income taxes