v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net loss $ (4,797,466) $ (1,898,909)
Adjustments to reconcile net loss to net cash provided by operating activities    
Depreciation and amortization 27,434 17,910
Amortization of right of use asset 562,306 298,469
Bad debt expense 1,290,240 432,487
Amortization of debt discount 0 324,744
Inventory reserve expense 986,164 0
Loss on conversion of accrued interest 60,000 0
Changes in operating assets and liabilities    
Accounts receivable, net (1,116,938) (1,190,871)
Inventories, net 1,398,679 (68,476)
Other assets (17,189) 100
Accounts payable and accrued expenses 3,736,081 3,003,152
Deferred revenue (2,500) (249,087)
Right of use liability, net (545,990) (390,729)
Net cash provided by operating activities 1,580,821 278,790
Cash flows from investing activities    
Purchase of property and equipment, net (101,745) (25,979)
Net cash used in investing activities (101,745) (25,979)
Cash flows from financing activities    
Repayments of Notes Payable (57,386) (236,155)
Proceeds from Contributed Capital 0 130,167
Net cash used in financing activities (57,386) (105,988)
Net change in cash and cash equivalents 1,421,690 146,823
Cash and restricted cash at beginning of period 373,834 99,192
Cash and restricted cash at end of period 1,795,524 246,015
Cash at beginning of period 373,834 78,744
Restricted cash at beginning of period 0 20,448
Cash and restricted cash at beginning of period 373,834 99,192
Cash at end of period 1,795,524 225,415
Restricted cash at end of period 0 20,600
Cash and restricted cash at end of period 1,795,524 246,015
Cash paid for income taxes 0 0
Cash paid for interest 297,500 192,500
Supplemental disclosure of non-cash investing and financing activities    
Accrual of preferred stock interest 120,000 120,000
Conversion of accrued interest into shares $ 60,000 $ 0