v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - 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     $ (21,442,819) $ (7,379,870)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Non-cash amortization of inventory step up included in product costs $ 4,152,108   4,152,108    
Inventory valuation adjustments (226,149) $ 41,000 206,851 (263,000)  
Depreciation 387,596 72,925 464,698 146,471  
Depreciation capitalized into inventory     1,388,536 1,121,141  
Non-cash operating lease expense     524,882 211,319  
Amortization of intangible assets     894,355 360,067  
Amortization of intangible assets capitalized into inventory     40,136 49,557  
Stock-based payments     5,455,137 119,221  
Warrants held     998,524 (2,930,291)  
Interest Expense     2,483,994 2,916,255  
Bad debt expense     84,444    
Accretion of interest on right-of-use finance lease liabilities     103,376 108,902  
Loss (gain) on disposal of assets     5,844 120,856  
Change in operating assets and liabilities:          
Accounts Receivable     (2,314,274) 842,353  
Prepaid expenses     312,788 565,048  
Inventory     1,276,738 (407,734)  
Income taxes     (1,513,207) 16,154  
Uncertain tax position liabilities     5,442,000 4,370,000  
Accounts payable and accrued liabilities     (191,031) 1,215,694  
Changes in operating lease liabilities     (831,317) (281,874)  
Purchase of marketable securities     (1,004,479)    
Change in assets and liabilities held for sale     (4,688,713) (2,100,143)  
Net cash used in operating activities     (8,151,429) (1,199,874)  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Purchases of property, plant, and equipment     (4,804,492) (4,088,734)  
Capitalized software development costs     (328,166)    
Deposits     (290,798) (150,100)  
Net cash provided by (used in) investing activities     32,938,026 (4,238,834)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Proceeds from long-term debt, net of issuance costs     (260,000) 1,131,400  
Proceeds from issuance of shares       700,000  
Proceeds from warrant exercises     38,516 29,000  
Proceeds from option exercises     80,614 16,500  
Debt principal payments     (10,061,221) (1,062,000)  
Lease principal payments       (111,560)  
Net cash provided by (used in) financing activities     (10,202,091) 703,340  
Net change in cash     14,584,506 (4,735,368)  
Cash, beginning of period     91,604,970 15,964,665 $ 15,964,665
Cash, end of period $ 106,189,476 $ 11,229,297 106,189,476 $ 11,229,297 $ 91,604,970
Wholesome Co, Inc.          
CASH FLOWS FROM INVESTING ACTIVITIES:          
Acquisition net of cash     7,025,811    
Deep Roots Holdings, Inc.          
CASH FLOWS FROM INVESTING ACTIVITIES:          
Acquisition net of cash     19,037,368    
Proper Holdings Management, Inc.          
CASH FLOWS FROM INVESTING ACTIVITIES:          
Acquisition net of cash     $ 12,298,303