v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOW FROM OPERATING ACTIVITIES:    
Net loss $ (34,325,289) $ (17,604,364)
Depreciation and amortization 248,913 239,777
Non-cash, in-kind interest settled 989,641 518,928
Gain on disposition of property (6,179)
Deferred compensation in connection with Series A preferred shares 531,251 656,250
Loss on debt extinguishment 13,965,771 1,422,307
Loss on settlement of liability 3,085,606  
Adjustments to reconcile net loss to cash (used in) operating activities:    
Accounts receivable 221,429 1,503,596
Prepaid expense and other 371,326 (244,556)
Inventory 1,799,991 1,019,060
Inventory deposits 21,968
Lease deposits and other (12,623) (21,747)
Accounts payable 7,281,079 2,428,978
Accrued expenses (1,363,756) 1,416,470
Accrued interest 1,246,422
Deferred revenue 82,891 286,716
Right-of-use lease liabilities (100,648) 98,050
Net Cash (Used in) Operating Activities (7,224,418) (7,018,324)
CASH FLOW FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (329,435) (3,090)
Net Cash Provided by Investing Activities (329,435) (3,090)
CASH FLOW FROM FINANCING ACTIVITIES:    
Offering costs paid (607,748)
Proceeds from line of credit 535,200
Payments on loans - officer - related party 373,052
Proceeds from loans - director - related party 400,000
Proceeds from working capital loans, net 8,852,480 6,698,943
Repayments of working capital loans, net (846,975) (1,876,888)
Origination fees paid (73,600) (134,625)
Payments on line of credit (1,992,129)
Proceeds from issuance of Series D preferred stock 2,188,417 236,250
Proceeds from issuance of Common stock 2,517,949
Net Cash Provided by Financing Activities 10,038,394 6,231,932
CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 2,484,541 (789,482)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF YEAR 287,546 1,077,028
CASH AND CASH EQUIVALENTS AT END OF YEAR 147,586 287,546
RESTRICTED CASH AT END OF YEAR 2,624,501
TOTAL CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF YEAR 2,772,087 287,546
Cash paid for:    
Interest 478,589 295,053
Income taxes
Non-cash operating activities:    
Prepaid expenses paid for with issuance of Company stock 1,677,835
Liabilities settled with issuance of Company stock 6,245,263
Non-cash investing activities:    
Investments purchased with Company stock 8,734,000
Non-cash financing activities:    
Debt converted to Company stock $ 6,012,309