v3.25.4

RESTATEMENT OF FINANCIALS 2023 (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Accounting Changes and Error Corrections [Abstract] |
SCHEDULE OF RESTATEMENT OF FINANCIALS | SCHEDULE OF RESTATEMENT OF FINANCIALS
|  |  |  |  | Restatement |  |  |  |
Balance Sheet |  | As Filed |  |  | Adjustments |  |  | As Restated |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalent |  | $ | 6,201,137 |  |  | $ | 0 |  |  | $ | 6,201,137 |
Accounts receivable, net |  | $ | 816,364 |  |  | $ | 0 |  |  | $ | 816,364 |
Inventory |  | $ | 2,277,816 |  |  | $ | -40,360 |  |  | $ | 2,237,456 |
Other Assets |  | $ | 39,190 |  |  | $ | 0 |  |  | $ | 39,190 |
Total current assets |  | $ | 9,334,507 |  |  | $ | 0 |  |  | $ | 9,294,147 |
PP&E |  | $ | 952,811 |  |  | $ | 0 |  |  | $ | 952,811 |
Intangible Assets Net |  | $ | 4,279,986 |  |  | $ | 0 |  |  | $ | 4,279,986 |
Operating Lease Right of Use Asset |  | $ | 597,143 |  |  | $ | 0 |  |  | $ | 597,143 |
Total assets |  | $ | 15,164,447 |  |  | $ | -40,360 |  |  | $ | 15,124,087 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 223,040 |  |  | $ | 0 |  |  | $ | 223,040 |
Deferred revenue |  | $ | 701,234 |  |  | $ | -488,120 |  |  | $ | 213,114 |
Current Portion of Operating Lease |  | $ | 434,152 |  |  | $ | 0 |  |  | $ | 434,152 |
Accrued expenses |  | $ | 161,538 |  |  | $ | 0 |  |  | $ | 161,538 |
Total current liabilities |  | $ | 1,519,964 |  |  | $ | -488,120 |  |  | $ | 1,031,844 |
Total Long Term liabilities |  | $ | 162,991 |  |  | $ | 0 |  |  | $ | 162,991 |
Total Liability |  | $ | 1,682,955 |  |  | $ | -488,120 |  |  | $ | 1,194,835 |
Total stockholders’ equity |  | $ | 13,481,492 |  |  | $ | 447,761 |  |  | $ | 13,929,252 |
Total liabilities and stockholders’ equity |  | $ | 15,164,447 |  |  | $ | -40,359 |  |  | $ | 15,124,087 |
|  |  |  |  | Restatement |  |  |  |
Statement of operations |  | As Filed |  |  | Adjustments |  |  | As Restated |
Net Sales |  | $ | 3,939,474 |  |  | $ | 0 |  |  | $ | 3,939,473 |
Cost of Sales |  | $ | 1,489,457 |  |  | $ | -447,761 |  |  | $ | 1,041,697 |
Gross Profit |  | $ | 2,450,017 |  |  | $ | 447,761 |  |  | $ | 2,897,776 |
Operating Expenses: |  | $ | 6,246,011 |  |  | $ | 0 |  |  | $ | 6,246,011 |
Operating Income |  | $ | -3,795,994 |  |  |  | 447,760 |  |  |  | -3,348,234 |
Onter income |  | $ | 30,063 |  |  | $ | 0 |  |  | $ | 30,063 |
Net Income (Loss) |  | $ | -3,765,932 |  |  | $ | 447,761 |  |  | $ | -3,318,171 |
Income (Loss) per Share |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | -0.42 |  |  | $ | 0.05 |  |  | $ | -0.37 |
Diluted |  | $ | -0.42 |  |  | $ | 0.05 |  |  | $ | -0.37 |
|  |  |  |  | Restatement |  |  |  |
|  | As Filed |  |  | Adjustments |  |  | As Restated |
Cash Flows From: |  |  |  |  |  |  |  |  |  |  |  |
OPERATING ACTIVITIES |  | $ |  |  |  |  |  |  |  |  |  |
Net Income (Loss) |  | $ | -3,765,932 |  |  | $ | 447,761 |  |  |  | -3,318,171 |
Adjustments to Reconcile Net Income (Loss) to Net Cash Flow from Operating Activities: |  |  |  |  |  |  |  |  |  |  |  |
Shares issued on conversion of debt |  | $ | 0 |  |  | $ | 0 |  |  |  |  |
Shares to be issued as consideration for services |  | $ |  |  |  | $ | 0 |  |  |  |  |
Shares issued for compensation |  | $ | 145,550 |  |  | $ | 0 |  |  |  | 145,550 |
Distribution to affiliate |  | $ | -1,214,325 |  |  | $ | 0 |  |  |  | -1,214,325 |
Depreciation & Amortization |  | $ | 523,380 |  |  | $ | 0 |  |  |  | 523,380 |
Net Change, Right-of-Use Asset & Liabilities |  | $ | -31,775 |  |  | $ | 0 |  |  |  | -31,775 |
Accounts Receivable |  | $ | -395,002 |  |  | $ | 0 |  |  |  | -395,002 |
Inventory |  | $ | -1,231,796 |  |  | $ | 40,359 |  |  |  | -1,191,437 |
Prepaids & Other Current Assets |  | $ | 32,910 |  |  | $ | 0 |  |  |  | 32,910 |
Stock Account |  | $ |  |  |  | $ |  |  |  |  | - |
Accounts Payable |  | $ | 32,653 |  |  | $ | 0 |  |  |  | 32,653 |
Accrued Expenses |  | $ | -267,464 |  |  | $ | 0 |  |  |  | -267,464 |
21030 Deferred Revenue |  | $ | 701,234 |  |  | $ | -488,120 |  |  |  | 213,114 |
Net Cash From (Used In) Operating Activities |  | $ | -5,470,618 |  |  | $ | 51 |  |  |  | -5,470,567 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Purchase of Equipment |  | $ | -76,636 |  |  | $ | -50 |  |  |  | -76,686 |
Affiliate companies |  | $ |  |  |  | $ | 0 |  |  |  | - |
Purchase of R&D Equipment |  | $ |  |  |  | $ | 0 |  |  |  | - |
Demonstration Equipment |  | $ |  |  |  | $ | 0 |  |  |  | 0 |
Purchase of Intangible Assets |  | $ | -408,169 |  |  | $ | 0 |  |  |  | -408,169 |
Net Cash From (Used In) Investing Activities |  | $ | -484,805 |  |  | $ | -50 |  |  |  | -484,855 |
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from (Repayment of) Notes |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from (Repayment of) PPP Loan |  |  |  |  |  |  |  |  |  |  |  |
Dividends Paid |  | $ | - |  |  | $ |  |  |  |  |  |
Proceeds from Sale of Common Stock |  | $ | -25,240 |  |  | $ | 0 |  |  |  | -25,240 |
Net Cash From (Used In) Financing Activities |  | $ | -25,240 |  |  | $ | 0 |  |  |  | -25,240 |
Net Cash Flow for Period |  | $ | -5,980,663 |  |  | $ | -1 |  |  |  | -5,980,662 |
Cash - Beginning of Period |  | $ | 12,181,799 |  |  | $ | 0 |  |  |  | 12,181,799 |
Cash - End of Period |  | $ | 6,201,136 |  |  | $ | -1 |  |  |  | 6,201,137 |
NON-CASH INVESTING AND FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Share issued for purchase of license |  | $ | 1,210,000 |  |  | $ | 0 |  |  |  | 1,210,000 |
SUPPLEMENTARY CASH FLOW INFORMATION |  |  |  |  |  |  |  |  |  |  |  |
Cash Received / Paid During the Period for: |  |  |  |  |  |  |  |  |  |  |  |
Income Taxes |  | $ | - |  |  |  |  |  |  | $ | - |
Interest |  | $ | 39,509 |  |  | $ | 0 |  |  |  | 39,509 |

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