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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (974,901) $ 12,350,356
Net income (loss) from discontinued operations, net of tax (58,169) 14,111,167
Net loss from continuing operations (916,732) (1,760,811)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,112 3,433
Amortization of debt discount 71,781
Change in fair value (237,823)
Deferred tax expense (7,155)
Stock-based compensation expense 69,460 30,110
Loss on disposal of equipment 312
Changes in assets and liabilities    
Accounts receivable (58,121) 63,110
Other receivable 272,813
Due from Rsports Interactive, Inc. (1,204)
Prepaid expenses and other current assets (35,369) (131,822)
Accounts payable and accrued expenses 213,902 (879,466)
Net cash used in operating activities – continuing operations (452,827) (2,848,643)
Net cash (used in) provided by operating activities - discontinued operations (61,258) (16,446,314)
Net cash used in operating activities (514,085) (19,294,957)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures for equipment (1,719)
Investment in Crypto Casino (500,000)
Net cash provided by (used in) investing activities – continuing operations (500,000) (1,719)
Net cash used in investing activities - discontinued operations (18,707,834)
Net cash used for investing activities (500,000) (18,709,553)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of convertible debenture (4,148,571)
Proceeds from sale of common stock 907,185
Proceeds from line of credit 550,000
Repayment of line of credit (6,900,000)
Principal payments on long-term debt (2,070,479)
Proceeds from exercise of warrants 3 160,000
Net cash generated by (used in) financing activities – continuing operations 907,188 (12,409,050)
Net cash (used in) generated by financing activities - discontinued operations (5,835,352)
Net cash generated by (used in) financing activities 907,188 (18,244,402)
Net change in cash (106,897) (56,248,912)
Cash and restricted cash, beginning of period including discontinued operations 1,541,856 60,441,130
Cash and restricted cash, end of period including discontinued operations 1,434,959 4,192,218
Less cash from discontinued operations (60,016) (178,380)
Cash, end of period 1,374,943 4,013,838
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 485,531
Cash paid for taxes 86,320
NON-CASH FINANCING ACTIVITIES:    
Settlement agreement, liability issued for warrants (900,000)
Issuance of common stock in exchange of warrants 210,879
Issuance of common stock for vested RSUs 108,000
Deemed Dividend 44,619
Warrant exchange agreement, issuance of pre-funded warrants $ 287,150