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 $ (16,098,462) $ (8,482,724)
Adjustments to reconcile net loss to net cash used in operating activities:    
Realized foreign currency translation 683,433
Share-based compensation 6,761,258 520,280
Stock option expense (352,391) 1,016,473
Depreciation and amortization 55,706 327,864
Bad debt expense 14,512
Inventory write-down 67,050 34,559
Accretion expense 24,680 102,740
Gain on sale of intellectual property – related party (348,966)
Change in fair value of convertible debt (21,000)
Gain on settlement of note payable - silent partnership (111,940) (3,380)
Gain on sale and disposal of assets (436,801)
Non-cash lease expense 1,217,298 119,150
Changes in operating assets and liabilities:    
Accounts and other receivable, net (67,243) (114,871)
Accounts receivable - related party 61,030
Inventories 147,466 (112,200)
Prepaid expenses and other assets (1,901,062) 852,819
Accounts payable and accrued liabilities (46,134) (697,321)
Accounts payable and accrued expense - related party (13,956)
License fee payable 1,750,000
Operating lease liabilities (1,288,066) (181,130)
Net cash (used in) operating activities (9,897,100) (6,624,229)
Cash Flows From Investing Activities    
Payment for intangible asset (500,000) (200,000)
Payment for intangible asset - related party (350,000) (250,000)
Purchase of property and equipment (137,457) (1,216)
Proceeds from sales of assets 1,250,000
Other investing cash flows 3,174
Net cash provided by (used in) investing activities 262,543 (448,042)
Cash Flows From Financing Activities    
Proceeds from exercise of pre-funded warrants 3,533,489
Proceeds from exercise of warrants 15,235,041
Proceeds from issuance of preferred shares 6,000,000
Proceeds from issuance of ordinary shares 2,088,239 1,268
Repayments of convertible debt (61,339) (600,000)
Proceeds from silent partnerships (54,580)
Payments on silent partnerships (803,940)
Payments on loan payable (226,921) (116,551)
Payments of lease obligations
Net cash provided by  financing activities 22,231,080 2,763,626
Effect of changes in exchange rates (30,962) (15,955)
Net increase (decrease) in cash 12,565,561 (4,324,600)
Cash at beginning of period 889,091 6,235,669
Cash at end of period 13,454,652 1,911,069
Cash at end of period - continuing operations 13,376,044 1,711,936
Cash at end of period - discontinued operations 78,608 199,133
Supplemental cash flow information:    
Interest expense 96,060 33,411
Income tax
Non-Cash Investing and Financing Activities    
Right-of-use asset additions 322,378
Acquisition of intangible assets for structured payments 1,750,000 1,113,424
Stock payable for acquisition of intellectual property $ 5,470,400