v3.26.3
Unaudited Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net Income (Loss) $ (4,437,638) $ (7,531,196)
Non-controlling interest net income 234,826
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Stock compensation expense 292,589 2,665,485
Settlement of debt 200,333
Interest expense - amortization of debt discount 854,113 740,741
Operating lease (10,331) (21,607)
Asset impairment loss 80,000 421,969
Gain on disposal of assets (14,777)
Depreciation 209,492 144,341
Derivative expense (104,525) 189,701
Gain or loss on debt extinguishment 618,942
Changes in operating assets and liabilities:    
Accounts receivable 414,726 (800)
Inventories (69,515) (31,047)
Prepaid expense and other assets 13,638 (72,387)
Accounts payable 321,048 428,482
Accrued liabilities, net (170,815) (307,343)
Accounts payable from related party 90,000
Net cash used in operating activities (1,678,227) (3,173,328)
Cash flows from investing activities:    
Acquisition of property and equipment (114,983) (85,499)
Long-term prepayment 0 275,000
Proceeds from sale of assets 49,594
Loan receivables from related party (1,759,156)
Net cash provided by (used in) investing activities (1,824,544) 189,501
Cash flows from financing activities:    
Proceeds from issuance of common stock 100,000
Net proceeds from loan payable from others 395,191
Repayment of loan payable to others (92,565)
Net borrowings from related loan payable 1,140,609
Repayment of convertible debt (882,500)
Redemption premium on convertible debt (176,500)
Net borrowings from loan to shareholder 2,750,000
Net borrowings from convertible debt 344,516
Borrowings from financial institutions 400,842 157,819
Repayments on loan payable to PPP (4,225) (11,776)
Net cash provided by financing activities 1,217,933 2,903,478
Net decrease in cash (2,284,838) (80,349)
Cash and cash equivalents at beginning of period 2,594,716 158,215
Cash and cash equivalents at end of period 309,878 77,866
Cash paid during the period for:    
Interest 64,768 850,710
Income taxes
Supplemental disclosures of non-cash investing and financing activities:    
Settlement of debt to common stock equity 320,000
Warrants issued in connection with convertible debt restructuring $ 677,250