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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income/(loss) $ (415,654) $ 920,968 $ 6,247,129
Adjustments to reconcile net income/(loss) to net cash provided by (used in) operating activities:      
Services provided to unconsolidated entities (135,000) (203,064)  
Depreciation 20,530 19,168  
Financing fees amortization 37,240 27,145  
Amortization of finance liability 159,320 66,939  
Amortization of deferred discount 415,578 1,014,649  
Note payable interest accretion 547,810 418,796  
Note interest paid-in-kind ("PIK") 544,876 449,723  
Right-of-use ("ROU") asset amortization 0 47,618  
Share-based compensation 45,742 1,462,747  
Director and consultant compensation paid in stock 98,841 156,150  
Loss on equity method investment 68,864 213,945  
Change in derivatives liability fair value (3,222,938) (7,854,902)  
(Increase) decrease in:      
Accounts receivable and other related party receivables 218,458 (15,604)  
Change in operating lease liability 0 (50,642)  
Other assets 109,897 155,604  
Accounts payable (11,515) 953,159  
Accrued expenses and other (437,359) 548,407  
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (1,955,310) (1,669,194)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment 0 (103,943)  
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 0 (103,943)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repurchase of stock-based awards withheld for payment of withholding tax requirements 0 (16,398)  
Equity issuance costs (89,315) 0  
Payment of debt obligations (152,578) (154,130)  
Payment on sale leaseback financing (135,000) 0  
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (376,893) (170,528)  
NET INCREASE/(DECREASE) IN CASH (2,332,203) (1,943,665)  
CASH AT BEGINNING OF PERIOD 4,791,743 4,021,720 4,021,720
CASH AT END OF PERIOD 2,459,540 2,078,055 $ 4,791,743
SUPPLEMENTAL CASH FLOW INFORMATION:      
Interest paid 0 171,076  
Director and consultant compensation paid in stock 98,841 156,150  
NON-CASH INVESTING AND FINANCING TRANSACTIONS:      
Warrants reclassification from Equity to Liability classification $ 0 $ 7,754,438