v3.25.4
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash $ 5,291,625 $ 2,576,464
Inventories, net 1,138,232 2,889,682
Accounts receivable, net of allowance for doubtful accounts 2,214,204 1,254,390
Prepaid expenses 1,332,893 921,580
Total current assets 9,976,954 7,642,116
Property and equipment, net 38,041,694 37,431,663
Operating lease right of use assets, net 617,525 1,048,070
Security deposit 31,893 31,893
Total assets 64,122,691 63,087,617
Current liabilities:    
Bank overdraft 47,343 231,696
Accounts payable and accrued expenses 6,426,500 5,893,351
Accrued payroll and related expenses 3,946,412 3,946,410
Non-convertible notes payable, current portion, net of unamortized debt discount of $315,374 and $633,396, respectively 2,101,647 2,505,360
Operating lease obligations, current portion 272,656 331,545
Total current liabilities 19,509,523 21,095,575
Operating lease obligations, less current portion 346,727 773,820
Non-convertible notes payable, net of unamortized debt discount of $1,799,559 and $1,076,554, respectively 6,316,190 4,263,239
Total liabilities 26,172,440 26,132,634
Commitments and contingencies (See Note 11)
Stockholders’ equity:    
Common stock, $0.001 par value, 1,200,000,000 shares authorized; 556,087 and 237,191 shares issued and outstanding, respectively 556 237
Additional paid in capital 546,844,893 533,266,642
Accumulated deficit (508,895,648) (496,312,346)
Total stockholders’ equity 37,950,251 36,954,983
Total liabilities and stockholders’ equity 64,122,691 63,087,617
Series A1 Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value 450 450
License [Member]    
Current assets:    
Intangible assets, net 13,296,250 14,359,950
Customer List [Member]    
Current assets:    
Intangible assets, net 1,399,375 1,511,325
Intellectual Property [Member]    
Current assets:    
Intangible assets, net 759,000 1,062,600
Nonrelated Party [Member]    
Current assets:    
Property and equipment, net 26,983,996 25,596,856
Operating lease right of use assets, net 617,525 1,048,070
Current liabilities:    
Operating lease obligations, current portion 272,656 331,545
Related Party [Member]    
Current assets:    
Property and equipment, net 11,057,698 11,834,807
Operating lease right of use assets, net
Current liabilities:    
Related party note payable 5,391,859 7,691,859
Due to related parties 1,323,106 495,354
Operating lease obligations, current portion