v3.26.1
Consolidated Statements of Cash Flows
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) from continuing operations $ 65,559,185 $ (100,527,409)
Net loss from discontinued operations 3,290,019
(Gain) loss on disposition of subsidiaries 921,772 (9,566,864)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Gain on disposal of property and equipment (43,570) (13,000)
Impairment of goodwill 679,175
Loss on abandonment of right-of-use asset 112,705
Common shares issued for services 100,394
Loss on extinguishment of debt 3,126,338 4,709,793
Gain on change in fair value of derivative liabilities (185,000) (1,401,373)
(Gain) loss on change in fair value of warrant liabilities (76,904,488) 77,638,662
Deferred taxes (65,000) (73,000)
Depreciation and amortization 1,425,349 655,658
Amortization of debt discounts 1,538,773 9,047,721
Amortization of right-of-use assets 539,614 437,551
Changes in operating assets and liabilities:    
Accounts receivable (2,291,630) 416,958
Contract assets (2,286,367) 51,173
Inventories 244,271 920,373
Prepaid expenses and other current assets 489,309 202,844
Other assets 30,593
Accounts payable and accrued expenses 12,078,710 1,520,117
Contract liabilities (396,542) (2,190,030)
Operating lease liabilities (635,362) (434,004)
Net cash provided by (used in) operating activities from continuing operations 3,359,054 (14,635,636)
Net cash provided by operating activities from discontinued operations 2,021,604
Net cash provided by (used in) operating activities 3,359,054 (12,614,032)
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid in the acquisition of CMD, net of cash acquired (16,280,816)
Proceeds from the sale of High Mountain 15,801,868
Proceeds held in escrow from the sale of High Mountain 1,358,968
Reduction of High Mountain escrow proceeds (921,772)
Purchases of property and equipment (240,517) (1,218)
Proceeds from the disposal of property and equipment 71,300 13,000
Net cash provided by (used in) investing activities from continuing operations (1,090,989) 891,802
Net cash from investing activities from discontinued operations
Net cash provided by (used in) investing activities (1,090,989) 891,802
CASH FLOWS FROM FINANCING ACTIVITIES    
Net proceeds from notes payable 465,650 4,954,300
Net proceeds from issuance of common shares and warrants in connection with public offerings 24,456,826
Repayments of notes payable and finance lease liabilities (4,305,537) (10,708,138)
Repayments of related party note payable (302,295)
Repayments of convertible notes payable (1,771,181)
Net cash provided by (used in) financing activities from continuing operations (4,142,182) 16,931,807
Net cash used in financing activities from discontinued operations (1,701,500)
Net cash provided by (used in) financing activities (4,142,182) 15,230,307
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH FROM CONTINUING OPERATIONS (1,874,117) 3,187,973
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH    
Beginning of the period 3,861,418 673,445
End of the period 1,987,301 3,861,418
Reconciliation to consolidated balance sheets:    
Cash and cash equivalents 1,987,301 2,502,450
Restricted cash 1,358,968
Total cash, cash equivalents, and restricted cash 1,987,301 3,861,418
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest 88,808 4,591,177
Cash paid for income taxes 134,941 40,000
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Deemed dividend from down round provision in warrants 1,000
Accrued dividends on series A preferred shares 35,505 144,435
Accrued dividends on series B preferred shares 2,509
Accrued dividends on series C preferred shares 50,162 18,003
Accrued dividends on series D preferred shares 213,334 96,649
Issuance of common shares upon settlement of accrued series A dividends 130,968
Issuance of common shares upon settlement of accrued series B dividends 13,299
Issuance of common shares upon conversion of series A preferred shares 152,200
Issuance of common shares upon conversion of series B preferred shares 240,499
Issuance of common shares upon cashless exercise of warrants 26,877 16,495
Debt discount on notes payable 380,000 1,836,434
Fair value of notes payable issued for services 492,000
Fair value of warrant liabilities recognized upon issuance warrants 24,667,526
Fair value of derivative liabilities recognized upon issuance of promissory notes 1,699,727
Extinguishment of warrant liability upon exercise of warrants 254,700 16,526,400
Issuance of common shares upon conversion of convertible notes payable and accrued interest 324,590 4,141,427
Issuance of warrants in connection with a private debt offering 7,573
Issuance of series D preferred shares in connection with a private debt offering 600,100
Reclassification of accrued interest to notes payable 17,954
Settlement of 1847 Manager accrued expenses and transaction fees to distribution receivable 2,000,000
Financed purchases of property and equipment 123,691
Net assets acquired in the acquisition of CMD 5,309,876
Net assets from dispositions of subsidiaries 7,593,972
Operating lease right-of-use asset and liability measurement $ 441,092