v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities    
Net loss $ (3,865,621) $ (2,191,235)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 1,229,267 670,447
Loss on investment in related party 39,234 195,471
Stock based compensation 42,500 0
Allowance for credit losses 1,495,625
Changes in operating assets and liabilities:    
Accounts receivable (4,275,965) (41,969)
Other receivables 235,871 (177,401)
Due from/to related parties 2,788,479 3,151,742
Prepaid expenses and other current assets (316,858) 114,895
Accounts payable and accrued expenses 3,239,295 1,652,736
Deferred revenue 540,965 (285,529)
Net cash provided by operating activities 1,152,792 3,089,157
Cash flows from investing activities    
Acquisition of property and equipment (2,551,611) (1,493,806)
Proceeds from sale of property and equipment and engine reserves 0 1,600,000
Purchase of engine reserves (263,457) (1,034,748)
Net cash used in investing activities (2,815,068) (928,554)
Cash flows from financing activities    
Capital contributions 0 40,000
Payments on financing lease obligations (417,867) (281,922)
Proceeds from long-term debt 589,500 120,000
Repayments of long-term debt (1,051,022) (1,162,485)
Proceeds from long-term debt, related parties 2,565,644 0
Repayments of long-term debt, related parties (36,032) (780,839)
Net cash provided by (used in) financing activities 1,650,223 (2,065,246)
Net change in cash (12,053) 95,357
Cash at beginning of period 225,228 129,871
Cash at end of the period 213,175 225,228
Non-cash investing and financing activities    
Related party advances converted into note payable - related party 0 3,770,465
Related party notes converted into preferred stock 9,351,465 0
Purchase of property and equipment with a note payable 0 3,800,000
Right of use assets and liabilities - operating 5,708,770 0
Notes receivable and advances 0 6,403,528
Increase of property and equipment 0 2,320,690
Increase in maintenance reserves 0 2,325,946
Assumed notes payable 0 1,050,259
Right of use assets - operating and financing leases 0 16,992,731
Right of use liabilities - operating and financing lease 0 15,078,977
Cash paid during the year for:    
Interest $ 1,360,776 $ 249,495