v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 247,318 $ 2,324,647
Prepaid expenses – current portion 403,556 659,536
Accrued interest receivable 2,105 16,319
Forward purchase receivable 4,584,221
Short-term loans receivable 13,332
Asset held for sale 385,642
Other current assets 3,286,192 3,000,000
Total Current Assets 4,958,603 11,700,687
Long-term loans receivable 378,854
Operating lease right-to-use asset 625,355 703,524
Prepaid expenses – long term portion 350,935 412,500
Other assets 20,684 22,722
Total Assets 5,955,577 13,218,287
Current Liabilities:    
Accrued expenses 820,568 1,301,378
Contract liabilities 10,208 28,335
Operating lease liability – current 174,319 161,952
Senior secured promissory note – current portion 255,765
Deferred consideration 3,218,303 3,338,343
Forward purchase derivative liability 7,309,580 7,309,580
Other current liabilities 14,479 72,836
Total Current Liabilities 12,339,915 12,684,520
Warrant liabilities 106,251 1,360,491
Senior secured promissory note—long term portion 10,748,408 10,748,408
Operating lease liability – long term 620,174 712,882
Total Liabilities 23,814,748 25,506,301
Commitment and Contingencies (Note 17)
Stockholders’ Deficit    
Convertible preferred stock, $.0001 par value, 1,250,000 shares authorized, 111 and 111 shares issued and outstanding on June 30, 2025, and December 31, 2024, respectively
Class A Common Stock, $.0001 par value, 130,000,000 shares authorized, 2,826,468 and 2,783,667 issued and outstanding on June 30, 2025, and December 31, 2024, respectively 282 278
Additional paid-in-capital 104,654,006 108,467,253
Accumulated deficit (122,513,459) (120,755,545)
Total Stockholders’ Deficit (17,859,171) (12,288,014)
Total Liabilities and Stockholders’ Deficit 5,955,577 13,218,287
Nonrelated Party [Member]    
Current Assets:    
Accounts receivable 50,935 134,609
Current Liabilities:    
Accounts payable 627,541 140,723
Related Party [Member]    
Current Assets:    
Accounts receivable 582,855 968,023
Current Liabilities:    
Accounts payable $ 164,917 $ 75,608