v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss from continuing operations $ (4,376,680) $ (2,266,680)
net cash used in operating activities:    
Depreciation and amortization of intangible assets 563,158 151
Amortization of operating lease right-of-use asset 16,398 18,956
Stock-based compensation and service expense 319,819 26,371
Income from equity method investment (392,677)
Amortization of debt issuance costs and debt discount 189,417 283,755
Change in fair market value of derivative liability 1,276,889 114,360
Changes in operating assets and liabilities:    
Security deposit 5,473
Prepaid expense and other assets (37,854) (36,904)
Accrued liabilities and other payables (796,128) 575,016
Operating lease obligation (15,398) (18,956)
NET CASH USED IN OPERATING ACTIVITIES FROM CONTINUING OPERATIONS (2,860,379) (1,691,135)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sale of equity method investment 280,500 95,000
NET CASH PROVIDED BY INVESTING ACTIVITIES FROM CONTINUING OPERATIONS 280,500 95,000
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayments of bridge loan (250,000)
Repayments of convertible debt (200,000)
Proceeds from issuance of debt 1,164,000
Payments of debt issuance costs (34,000)
Advance from pending sale of subsidiary 219,972
Proceeds received from the February 2026 private offering 3,249,412
Disbursements for the February 2026 private offering costs (492,600)
NET CASH PROVIDED BY FINANCING ACTIVITIES FROM CONTINUING OPERATIONS 3,436,812 219,972
DISCONTINUED OPERATIONS    
Net cash used in operating activities from discontinued operations (231,956) (209,688)
NET CASH FLOWS USED IN DISCONTINUED OPERATIONS (231,956) (209,688)
EFFECT OF EXCHANGE RATE ON CASH - CONTINUING OPERATIONS 41,927 231
NET INCREASE (DECREASE) IN CASH 666,904 (1,585,620)
CASH - beginning of period 109,091 2,658,182
CASH - end of period 775,995 1,072,562
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 106,025 164,500
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for future services 106,381 51,635
Common stock issued for accrued liabilities 96,600 42,385
Receivable related to sale of equity method investment 1,745,000
Related party payable extinguished upon sale of equity method investment 632,916
Series B Convertible Preferred Stock extinguished related to sale of equity method investment 11,000,000
Series D Convertible Preferred Stock issued in exchange of Series A Convertible Preferred Stock 9,000,000
Stock warrants issued as placement agent fee 294,001
Settlement of derivative liability 1,281,603 18,853
Issuance of common stock upon cashless exercise of stock warrants 127 19
Issuance of common stock upon cashless exercise of pre-funded stock warrants 35
Initial ROU asset and lease liability 169,743 127,486
Conversion of convertible note payable and accrued interest into common stock 551,474
Series C Convertible Preferred Stock converted into common stock 723,000
Related party gain on deconsolidation of Avalon RT 9 $ 1,861,266