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 $ (839,853) $ (1,994,586)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 2,351 1,985
Amortization of intangibles 17,103 17,455
Stock based compensation 256,683 330,787
Employees paid in stock 55,479 293,551
Bad debt expense 4,014
Amortization of right-of-use asset 28,579 25,875
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable 120,840 (43,171)
Decrease (increase) in accounts receivable, related parties 3,211 (6,423)
Decrease (increase) in inventories 290,324 (446,281)
(Increase) decrease in advances on contracts (3,390) 331,520
Increase in deferred financing costs (332,671)
Increase in prepaid expenses and other current assets (208,028) (185,688)
Increase in accounts payable 839,046 896,908
(Decrease) increase in accounts payable, related party (366,824) 267,575
Increase (decrease) in accrued expenses 58,329 (480,382)
Increase in accrued expenses, related party 188,563 7,448
Decrease operating right of use lease asset (26,914) (24,662)
Net cash provided by (used in) operating activities 86,842 (1,008,089)
Cash flows from investing activities:    
Purchase of furniture, fixtures, and equipment (1,632) (1,304)
Net cash used in investing activities (1,632) (1,304)
Cash flows from financing activities:    
Payments finance lease obligations (3,428) (2,278)
Net cash used in financing activities (3,428) (2,278)
Net increase (decrease) in cash and cash equivalents 81,782 (1,011,671)
Cash and cash equivalents at beginning of period 1,112,642 3,258,058
Cash and cash equivalents at end of period $ 1,194,424 $ 2,246,387