v3.26.1
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net loss $ (10,113,118) $ (22,807,422)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 443,377 8,720,143
Stock-based compensation - related party 3,780,646 4,615,455
Bad debt expense recovery (20,000) 0
Non-cash lease expenses 77,561 86,052
Amortization and depreciation 249,534 151,646
Amortization of debt discount 892,279 1,000,390
Loss on settlement of debt 847,366 2,640,611
Loss on fair value of derivative liability 0 3,777,767
Loss on disposal of equipment 32,257 0
Changes in operating assets and liabilities:    
Accounts receivable 63,611 (336,540)
Inventory 41,643 (180,563)
Prepaid expenses and other current assets (101,784) (132,241)
Security deposit 0 (36,991)
Accounts payable and accrued liabilities (56,080) 443,354
Due to related parties 4,900 25,300
Accrued interest - related parties 68,246 95,447
Deferred revenue 18,394 94,860
Operating lease liabilities (71,560) (82,803)
Net Cash used in Operating Activities (3,842,728) (1,925,535)
Cash Flows from Investing Activities:    
Purchase of equipment (10,727) (167,744)
Sale of equipment 12,500 0
Net Cash provided by (used in) Investing Activities 1,773 (167,744)
Cash Flows from Financing Activities:    
Proceeds from exercise of warrants 25,002 0
Proceeds from convertible notes and warrants 0 1,909,000
Proceeds from convertible note and warrants - related party 0 1,776,082
Payments of deferred offering costs 0 (59,223)
Contributed capital 96,258 0
Repayment of loan - related party 0 (25,000)
Proceeds from issuance of Series C Preferred Stock and warrants 0 260,000
Repayment of financing loan (29,594) (215,625)
Net Cash provided by Financing Activities 91,666 3,645,234
Change in cash (3,749,289) 1,551,955
Cash, beginning of period 6,268,591 775,133
Cash, end of period 2,519,302 2,327,088
Supplemental Disclosure Information:    
Cash paid for interest 7,997 5,870
Cash paid for taxes 0 0
Non-Cash Financing Disclosure:    
Series A Preferred Stock exchanged for Series C Preferred Stock and Series C Preferred Stock payable 157 0
Common stock issued upon conversion of Series C Preferred stock 0 2,618
Common stock issued for conversion and settlement of debt 1,259,866 5,604,442
Debt modification 200,000 0
Warrants issued in conjunction with convertible debts 2,222,000 882,000
Right-of-use assets obtained in exchange for new operating lease liabilities 0 865,218
Recognition of derivative liability as debt discount 0 1,027,000
Transfer from inventory to property and equipment 0 74,827
Acquisition of property and equipment as financing loan $ 0 $ 118,776