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:    
Consolidated net loss $ (13,320,693) $ (24,321,064)
Adjustments to reconcile net loss to net cash used in operating activities:    
Derivative liability movements (9,208,075) (2,635,208)
Depreciation 660 1,084
Amortization of debt discount 193,740 178,491
Loss on settlement and repricing of convertible notes 20,371,357 17,686,534
Fair value of price protected warrants 8,250,469
Fair value of common stock issued for services 1,102,843
Deemed interest income (18,658)
Stock based compensation 2,742 19,186
Changes in Assets and Liabilities    
Prepaid expenses (200) (6,995)
Accounts payable and accrued expenses (7,965) 12,417
Related party payables (7,832) 5,106
Interest receivable (7,141)
Interest accruals 447,241 437,656
CASH USED IN OPERATING ACTIVITIES (426,182) (398,123)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from bank overdraft 1,426 811
Proceeds from convertible notes 395,000 417,000
NET CASH PROVIDED BY FINANCING ACTIVITIES 396,426 417,811
NET (DECREASE) INCREASE IN CASH (29,756) 19,688
Cash at the beginning of the period 29,804 526
CASH AT END OF PERIOD 48 20,214
CASH PAID FOR INTEREST AND TAXES:    
Cash paid for income taxes
Cash paid for interest 2,442 2,895
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Fair value of warrants issued with convertible notes 97,772 105,167
Conversion of convertible debt to equity 133,917 439,108
Fair value of common stock issued for investment in joint venture 600,000
Fair value of non-controlling shareholders interest 4,800,000
Settlement of legal liabilities $ 543,616