v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities    
Net income (loss) $ (2,937,448) $ 3,743,848
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Stock-based compensation 1,296,776 365,035
Loss on debt extinguishment
Depreciation and amortization 77,253
Change in fair value of derivative liability 550,470 (229,814)
Changes in operating assets and liabilities    
Accounts Receivable 66,961 243,876
Prepaid and other current assets (2,430) (8,400)
Other non-current assets 91,678 (101,450)
Accounts payable and accrued liabilities 422,106 502,575
Accounts payable and accrued liabilities related parties (326,947)
Deferred revenue (4,521,222)
Accrued interest 347,370 159,018
Contract liability 49,551
Net cash provided by (used in) operating activities (491,464) 280,270
Cash Flows from Investing Activities    
Additional expenditures on land (225,000)
Building and Construction in Progress payments (278,141)
Net cash used in investing activities (503,141)
Cash Flows from Financing Activities    
Series D Preferred Stock dividends paid (24,500)
Series A Preferred Stock dividends paid (107,554) (91,678)
Cash payments on promissory notes (55,000)
Cash payments on convertible notes (132,446)
Cash proceeds other loans 584,575 204,722
Cash proceeds from promissory notes 75,000
Cash proceeds from promissory notes- related party 112,561 135,028
Net cash provided by financing activities 565,082 135,626
Net increase (decrease) in Cash 73,618 (87,245)
Cash, beginning of period 26,120 140,247
Cash, end of period 99,738 53,002
Supplemental disclosure of cash flow information    
Cash paid for interest 39,500 29,782
Non-Cash investing and financing transactions    
Dividend on Series A 107,554
Dividend on Series C 22,630
Dividend on Series D 24,500
Series A shares issued for the conversion of related party notes payable 9,456,250
Common shares issued with convertible debt 400,000 49,126
Debt discount from issuance of new promissory notes
Settlement of derivative liability 282,517
Common shares issued for services $ 889,992 $ 164,367