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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS        
REVENUE $ 17,110,425 $ 12,411,048 $ 45,568,655 $ 40,202,238
COST OF GOODS SOLD 14,507,807 11,204,186 39,752,424 36,894,502
GROSS PROFIT 2,602,618 1,206,862 5,816,231 3,307,736
OPERATING EXPENSES        
General and administrative expenses 2,040,341 1,782,957 5,009,528 4,591,620
Salaries and wages 1,919,950 1,317,782 4,828,412 4,030,823
Sales and marketing expenses 64,794 41,848 114,655 326,291
Research and development costs 18,337 0 108,603 0
Depreciation and amortization expense 377,911 304,139 1,052,212 937,000
TOTAL OPERATING EXPENSES 4,421,333 3,446,726 11,113,410 9,885,734
LOSS FROM OPERATIONS (1,818,715) (2,239,864) (5,297,179) (6,577,998)
OTHER INCOME (EXPENSE)        
Other income (expense), net (5,577) (1,921) (115,904) 160,598
Interest expense (669,150) (181,429) (1,245,071) (692,547)
Interest income 100,698 101,236 297,811 309,031
Gain on equity investments, net 2,998 428 8,779 2,518
Non-cash interest expense (201,447) 0 (364,550) 0
Change in fair value of derivative liability (311,778) 0 (311,778) 0
Gain on digital assets 57 0 57 0
Change in fair value of convertible notes (2,178,039) 0 (2,317,631) 0
Foreign currency transaction, net (271,937) 139,016 346,411 158,463
TOTAL OTHER INCOME (EXPENSE), NET (3,534,175) 57,330 (3,701,876) (61,937)
LOSS BEFORE INCOME TAXES (5,352,890) (2,182,534) (8,999,055) (6,639,935)
INCOME TAX EXPENSE 0 0 0 0
NET LOSS (5,352,890) (2,182,534) (8,999,055) (6,639,935)
Deemed dividend on issuance of warrants 0 (6,185,231) 0 (6,185,231)
Deemed dividend on warrant exchange/modification 0 (9,793) 0 (9,793)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS (5,352,890) (8,377,558) (8,999,055) (12,834,959)
OTHER COMPREHENSIVE INCOME (LOSS)        
Foreign currency translation adjustment, net 255,263 747,879 2,849,001 (27,988)
TOTAL COMPREHENSIVE LOSS $ (5,097,627) $ (7,629,679) $ (6,150,054) $ (12,862,947)
BASIC NET LOSS PER SHARE $ (0.17) $ (0.45) $ (0.32) $ (0.72)
DILUTED NET LOSS PER SHARE $ (0.17) $ (0.45) $ (0.32) $ (0.72)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING        
Basic 30,625,284 18,418,287 28,492,425 17,724,305
Diluted 30,625,284 18,418,287 28,492,425 17,724,305