v3.26.1
Condensed Statements of Cash Flows (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Net loss from continuing operations $ (1,930,036) $ (1,768,974)
Net loss from discontinued operations (559,717) (802,080)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,500 135,857
Amortization of right-of-use asset 32,621 200,710
Stock-based compensation (134,860)
Capitalized transaction costs (156,200)  
Amortization of debt discount 195,610 128,987
Common stock issued to directors for services 602,600 230,000
Changes in operating assets and liabilities:    
Accounts receivable (2,687)
Accounts receivable - related party, net 1,145,706
Other receivables (293) (33,527)
Inventory 17,960
Prepaid expenses 60,103 (11,540)
Security deposits 257,663 286,617
Accounts payable (272,558) (156,252)
Accrued interest (58,060) 53,589
Accrued severance (1,292,500)
Accrued expenses 723,476 (216,103)
Operating lease liability (34,399) (205,562)
Net cash (used in) continuing operations (843,354) (214,095)
Net cash (used in) discontinued operations (846,245) (1,786,447)
Net cash (used in) operating activities (1,689,599) (2,000,542)
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash paid for construction in progress (107,790)
Net cash (used in) investing activities (107,790)
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments on convertible notes, net (465,988)
Proceeds from issuance of preferred stock 2,999,990
Net cash provided by financing activities 2,534,002
NET INCREASE (DECREASE) CASH AND CASH EQUIVALENTS 844,403 (2,108,332)
Cash and cash equivalents, beginning of period 1,474,445 3,723,440
Cash and cash equivalents, end of period 2,318,848 1,615,108
SUPPLEMENTAL INFORMATION:    
Interest received 26,710
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Reclassification of construction in progress to property and equipment 505,355
Conversion of convertible notes payable to equity $ 289,483