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 loss $ (2,628,857) $ (1,981,021)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 478,605 363,603
Amortization 13,276  
Gain on disposal of fixed asset (50,000)
Changes in assets and liabilities:    
Accounts Receivable (17,456) (108,348)
Inventories (92,039) (25,730)
Other assets 292,556 1,018,133
Accounts payable and accrued expenses 80,605 221,197
Due to related party 198,033 1,133,624
Other payables (36,734)
Net cash used in operating activities (1,762,011) 621,458
Cash flows from investing activities:    
Purchases of property and equipment (250,079) (398,641)
Loan provided under loan receivable from related party (1,400,000)
Amounts provided on investments (1,100,000)
Acquisition of LV entities (1,800,000)
Net cash used in investing activities (2,750,079) (2,198,641)
Cash flows from financing activities:    
Proceeds from borrowings 900,000
Proceeds from borrowings from acquisition of LV entities 1,014,830
Repayments on bank notes payables (526,631) (371,857)
Repayments on EIDL loan payable (5,494)
Repayments of convertible note (1,200,000)
Repayment of loan payable to financial institutions (34,282) (298,091)
Proceeds from sale of common shares and warrants 6,364,000 64,149
Net cash provided by financing activities 4,597,593 1,309,031
Net (decrease) increase in cash 85,503 (268,152)
Cash – beginning of period 1,241,036 1,462,326
Cash – end of period 1,326,539 1,194,174
Supplemental disclosures of non-cash financing activities:    
Note Payable to related party 600,000
Convertible notes to related party 1,200,000
Conversion of due to related party to common stock 714,000
Supplemental disclosures of cash flow information    
Interest 94,521 230,777
Income taxes $ 16,925 $ 21,838