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 from continuing operations $ (6,555,492) $ (15,551,291)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization of intangible assets 1,126,905 302
Credit loss provision 1,650,000
Amortization of operating lease right-of-use asset 34,688 33,628
Stock-based compensation and service expense 703,372 761,698
Income from equity method investment (392,677)
Amortization of debt issuance costs and debt discount 254,741 1,064,357
Change in fair market value of derivative liability 1,275,237 (446,816)
Loss on extinguishment of debt 9,076,587
Changes in operating assets and liabilities:    
Security deposit 17,332
Prepaid expense and other assets 41,612 (264,109)
Accrued liabilities and other payables (407,430) 1,295,813
Operating lease obligation (29,688) (33,628)
NET CASH USED IN OPERATING ACTIVITIES FROM CONTINUING OPERATIONS (3,556,055) (2,788,804)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sale of equity method investment 561,000 95,000
Purchase of property and equipment (12,158)
Acquisition of internal-use software (233,449)
NET CASH PROVIDED BY INVESTING ACTIVITIES FROM CONTINUING OPERATIONS 315,393 95,000
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayments of bridge loan (375,000)
Repayments of convertible debt (200,000)
Proceeds from issuance of debt 1,564,000
Payments of debt issuance costs (44,000)
Repayments of debt (341,250)
Proceeds from stock subscription liability 150,000
Advance from pending sale of subsidiary 149,972
Payments of offering costs (22,336)
Proceeds from warrant exercises 254
Proceeds received from the February 2026 private offering 3,249,412
Disbursements for the February 2026 private offering costs (492,600)
NET CASH PROVIDED BY FINANCING ACTIVITIES FROM CONTINUING OPERATIONS 3,360,816 277,636
DISCONTINUED OPERATIONS    
Net cash used in operating activities from discontinued operations (231,956) (173,555)
NET CASH FLOWS USED IN DISCONTINUED OPERATIONS (231,956) (173,555)
EFFECT OF EXCHANGE RATE ON CASH - CONTINUING OPERATIONS 41,932 409
NET DECREASE IN CASH (69,870) (2,589,314)
CASH - beginning of period 109,091 2,658,182
CASH - end of period 39,221 68,868
Cash paid for:    
Interest 256,175 493,711
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for future services 32,445 34,423
Common stock issued for accrued liabilities 96,600 42,385
Options issued for accrued liabilities 20,306
Receivable related to sale of equity method investment 1,745,000
Related party payable extinguished upon sale of equity method investment 632,916
Series B Convertible Preferred Stock extinguished related to sale of equity method investment 11,000,000
Series D Convertible Preferred Stock issued in exchange of Series A Convertible Preferred Stock 9,000,000
Stock warrants issued as placement agent fee 294,001
Settlement of derivative liability 1,281,603 176,529
Issuance of common stock upon cashless exercise of stock warrants 127 43
Issuance of common stock upon cashless exercise of pre-funded stock warrants 35
Initial ROU asset and lease liability 169,743 127,486
Conversion of convertible note payable and accrued interest into common stock 551,474 285,113
Series C Convertible Preferred Stock converted into common stock 1,250,000
Series D Convertible Preferred Stock converted into common stock 8,837,527
Series E Convertible Preferred Stock converted into common stock 103,500
Related party gain on deconsolidation of Avalon RT 9 1,861,266
Deferred financing costs in accrued liabilities 62,316
Issuance of common stock upon waiver to enter into note agreement 58,200
Common stock issued as note payable commitment fee $ 138,000