v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net (loss) income $ (5,537,197) $ 843,615
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 321,838 123,210
Stock-based compensation 3,450,924
Stock issued for professional fees 475,889
Changes in operating assets and liabilities:    
Accounts receivable (1,063,464) (157,170)
Private label receivable 190,492
Other receivable 27,486 6,821
Inventory (17,950,151) (1,981,591)
Prepaid expense (525,579) (135,061)
Other current assets (91,338) 488,999
Due to and from related party 387,753 11,313
Right-of-use assets 82,283 215,894
Accounts payable 735,728 (375,299)
Accrued liabilities 513,015 17,448
Customer deposits 1,278,505 707,948
Other current liabilities (196,887) 33,456
Lease liabilities (208,784)
Net Cash Used in Operating Activities (18,091,195) (218,709)
Cash Flows from Investing Activities:    
Capital expenditure for fixed assets (2,957,803) (17,297)
Acquisition of intangible assets (75,714) (150,000)
Business acquisition, net of cash acquired (844,701)
Net Cash Used in Investing Activities (3,878,218) (167,297)
Cash Flows from Financing Activities:    
Member distribution (1,418,082)
Proceeds from short-term loan payable 3,500,000
Payment to short-term loan payable (1,500,000) (10,827)
Proceeds from floorplan notes payable 60,328,938 39,555,059
Payment to floor plan notes payable (47,724,815) (37,388,111)
Proceeds from long-term debt 1,953,806 59,428
Payment to long-term debt (133,689) (112,294)
Proceeds from related-party debt 1,354,000 9,103
Repayments of related party debts (500,000) (112,194)
Net Cash Provided by Financing Activities 17,278,240 582,082
Net Change in Cash (4,691,173) 196,076
Cash and cash equivalents, beginning of period 12,428,774 2,927,126
Cash and Cash Equivalents, End of Period 7,737,601 3,123,202
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 1,461,957 1,079,072
Cash paid for income tax
Non-Cash Investing and Financing Activities:    
Establishment of ROU assets and liabilities 12,996,510 368,620
Derecognition of ROU assets upon purchase of asset 1,492,416
Stock consideration recorded as contingent liability for assets acquisition $ 350,000