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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income / (loss) $ 920,968 $ 20,072,244  
Adjustments to reconcile net income to net cash used in operating activities:      
Services provided to unconsolidated entities (203,064) (271,375)  
Depreciation 19,168 143,647 $ 143,647
Financing fees amortization 27,145 41,372  
Amortization of finance liability 66,939 0  
Amortization of deferred discount 1,014,649    
Note payable interest accretion 418,796 315,363  
Note payable interest paid in kind 449,723    
Note receivable interest accretion 0 (288,991)  
Right of use asset amortization 47,618 57,322  
Share-based compensation 1,462,747 122,339  
Loss on equity method investment 213,945 0  
Gain on debt extinguishment 0 (21,478,614)  
Change in derivatives fair value (7,854,902) (3,046,886)  
Director compensation paid with share-based instruments 156,150 0  
(Increase) decrease in:      
Accounts and other related party receivables (15,604) 7,498  
Short-term notes receivable related party   (168,036)  
Change in operating lease liability (50,642) (59,278)  
Other assets 155,604 (117,428)  
Accounts payable 953,159 (657,416)  
Accrued expenses and other 548,407 1,343,424  
NET CASH USED IN OPERATING ACTIVITIES (1,669,194) (3,984,815)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (103,943) (508,459)  
NET CASH USED IN INVESTING ACTIVITIES (103,943) (508,459)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of loans payable 0 13,515,100  
Offering cost paid on financing 0 (98,504)  
Payment of debt obligation (154,130) (9,692,315)  
Cancellation of stock awards for payment of withholding tax requirements (16,398) 0  
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (170,528) 3,724,281  
NET (DECREASE) IN CASH AND CASH EQUIVALENTS (1,943,665) (768,993)  
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 4,021,720 1,443,421 1,443,421
CASH AND CASH EQUIVALENTS AT END OF PERIOD 2,078,055 674,428 $ 4,021,720
SUPPLEMENTARY INFORMATION:      
Interest paid 171,076 72,359  
Income taxes paid $ 0 $ 0  
NON-CASH INVESTING AND FINANCING TRANSACTIONS:      
Conversion of debt to common stock 0 1,000,000  
Conversion of paid-in-kind (PIK) accrued interest into debt principal   $ 0  
Warrants issued $ 0 $ 3,416,594