v3.25.4
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net income (loss) $ 6,844,897 $ (3,048,071)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Gain on sale of Traxion (250,000)
Gain from settlement of license liabilities (3,248,000)
Gain from settlement of purchase commitment liabilities (175,460)
Loss on disposal of property and equipment 2,946
Deferred income taxes (270,101)
Gain on sale of NASCAR License (500,000)
(Gain) loss on foreign currency exchange rates (3,334,533) 1,325,673
Depreciation and amortization 1,122,159 2,589,437
Purchase commitment and license liability interest accretion 7,262 86,660
Non-cash lease expense 30,317 148,713
Stock-based compensation 789,352 152,959
Changes in the fair value of warrants 4,708 (26,970)
Changes in assets and liabilities, net of acquisitions and the effect of consolidation of equity affiliates:    
Accounts receivable (676,422) (718,463)
Operating lease liabilities (31,639) (151,266)
Prepaid expenses and other assets 537,255 166,627
Accounts payable (2,098,718) 2,167,498
Due to related parties (24,088) (52,041)
Deferred revenue 689,424 (119,618)
Accrued expenses and other liabilities 658,646 (1,364,230)
Net cash provided by (used) in operating activities 4,073,059 (2,838,146)
Cash flows from investing activities:    
Proceeds from sale of NASCAR License 1,000,000
Investment in internally-developed software (1,110,751)
Proceeds from the sale of property and equipment 6,500
Proceeds from the sale of Traxion 200,000
Purchase of property and equipment (12,067) (25,015)
Net cash (used in) provided by investing activities (1,122,818) 1,181,485
Cash flows from financing activities:    
Repayments of purchase commitment liabilities (750,000) (50,000)
Equity issuance costs (96,268)
Payments on notes payable (440,171)
Issuance of common stock from registered direct offerings, net 2,349,811 884,051
Net cash provided by financing activities 1,063,372 834,051
Effect of exchange rate changes on cash and cash equivalents 120,506 6,671
Net increase (decrease) in cash and cash equivalents 4,134,119 (815,939)
Total cash and cash equivalents at beginning of the year 859,271 1,675,210
Total cash and cash equivalents at the end of the year 4,993,390 859,271
Cash paid during the year for:    
Interest 11,785 34,097
Taxes 3,702
Issuance of note payable for payment of prepaid expenses $ 489,329