v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (6,375,621) $ (5,542,344)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities    
Share based compensation 694,002 309,354
Depreciation and amortization 492,758 557,454
Amortization of debt issuance costs (98,976) 807,636
Amortization of ROU asset 37,112 48,842
Fair Value Adjustment of Warrants 174,882 (100,626)
Loss on extinguishment of debt 1,284,741 56,660
Gain on the sale of assets 0 (3,920)
Changes in operating assets and liabilities    
Accounts receivable 4,688 501,376
Prepaid expenses and other assets (483,565) (64,541)
Inventory (828,167) 1,149,885
Accounts payable and accrued expenses (277,456) 1,589,955
Operating lease liability (38,097) (39,132)
Net cash and restricted cash and cash equivalents used in operating activities (5,413,699) (729,401)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of assets 0 14,060
Purchase of property, plant, and equipment (460,221) (42,383)
Purchase of oil and gas development assets 0 (352,973)
Net cash and restricted cash and cash equivalents used in investing activities (460,221) (381,296)
CASH FLOWS FROM FINANCING    
Proceeds on lines of credit 202,630 8,338,455
Payments on lines of credit (42,318) (8,465,550)
Proceeds from note payable 896,866 574,380
Payments on note payable (533,413) (1,670,741)
Payments on finance lease 0 (3,474)
Proceeds on issuance of common stock 13,907,446 0
Net issuance cost (1,367,497) 0
Net cash and restricted cash and cash equivalents provided by (used in) financing activities 13,063,714 (1,226,930)
Effects of exchange rate on cash (6) (1,675)
Increase (decrease) in cash and restricted cash and cash equivalents 7,189,788 (2,339,302)
Cash and cash equivalents and restricted cash, beginning of the period 805,705 3,314,913
Cash and restricted cash and cash equivalents, end of the period 7,995,493 975,611
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest 0 627,672
Cash paid for taxes 0 9,253
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Common shares issued for non-cash consideration 905,423 1,330,599
Conversion of debt $ 811,359 $ 192,573