v3.25.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Dec. 31, 2023
Current Assets:      
Cash and cash equivalents $ 247,318 $ 2,324,647 $ 4,888,769
Prepaid expenses – current portion 403,556 659,536 546,437
Accrued interest receivable 2,105 16,319 13,780
Forward purchase receivable 4,584,221
Short-term loans receivable 13,332 12,391
Asset held for sale 385,642
Other current assets 3,286,192 3,000,000 82,657
Total Current Assets 4,958,603 11,700,687 7,761,229
Long-term loans receivable 378,854 381,463
Property, plant and equipment, net   3,154 84,220
Operating lease right-to-use asset 625,355 703,524 859,861
Goodwill   6,058,000
Intangible assets, net   3,721,745
Deferred tax asset, net   43,829,019
Prepaid expenses – long term portion 350,935 412,500 562,500
Forward purchase receivable   4,584,221
Security deposit   19,568 18,651
Other assets 20,684 22,722
Total Assets 5,955,577 13,218,287 67,860,909
Current Liabilities:      
Accrued expenses 820,568 1,301,378 1,008,987
Contract liabilities 10,208 28,335 21,922
Operating lease liability – current 174,319 161,952 132,546
Senior secured promissory note – current portion 255,765 3,006,991
Deferred consideration 3,218,303 3,338,343 2,889,792
Forward purchase derivative liability 7,309,580 7,309,580
Other current liabilities 14,479 72,836 41,639
Total Current Liabilities 12,339,915 12,684,520 7,896,584
Warrant liabilities 106,251 1,360,491 4,164,129
Deferred consideration - long term portion   810,000
Forward purchase derivative liability   7,309,580
Senior secured promissory note—long term portion 10,748,408 10,748,408 11,004,175
Net deferred indemnified loan origination fees   63,275
Operating lease liability – long term 620,174 712,882 875,447
Indemnity liability   1,382,408
Total Liabilities 23,814,748 25,506,301 33,505,598
Commitment and Contingencies (Note 17)
Stockholders’ Deficit      
Preferred stock, value
Common stock, value 282 278 273
Additional paid-in-capital 104,654,006 108,467,253 105,924,859
Accumulated deficit (122,513,459) (120,755,545) (71,569,821)
Total Stockholders’ Deficit (17,859,171) (12,288,014) 34,355,311
Total Liabilities and Stockholders’ Deficit 5,955,577 13,218,287 67,860,909
Nonrelated Party [Member]      
Current Assets:      
Accounts receivable 50,935 134,609 121,875
Current Liabilities:      
Accounts payable 627,541 140,723 217,392
Related Party [Member]      
Current Assets:      
Accounts receivable 582,855 968,023 2,095,320
Current Liabilities:      
Accounts payable $ 164,917 $ 75,608 $ 577,315