XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.3
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (8,999,055) $ (6,639,935)
Adjustments to Reconcile Net Loss to Net Cash Used In Operating Activities:    
Depreciation and amortization expense 1,045,919 914,493
Amortization of right-of-use assets 6,293 22,507
Bad debt expense 0 (31,287)
Change in fair value of derivative liability 311,778 0
Gain/(Loss) on crypto assets (57) 0
Lease expense 197,679 235,659
Interest on finance leases 451 1,765
Stock-based compensation 1,730,233 1,103,200
Deferred income taxes 22,485 0
Non-cash financing expense 364,550 0
Change in fair value of convertible notes 2,317,631 0
Gain on net change in fair value of equity investments (8,779) (2,518)
Changes in assets and liabilities:    
Accounts receivable (2,654,849) 2,392,104
Accounts receivable - related party (200,175) (176,512)
Inventory (727,824) (46,301)
Prepaid expenses and other assets (2,370) (283,932)
Prepaid expenses and other current assets - related party (614,116) (1,873,513)
Accounts payable and accrued expenses 1,716,108 (437,391)
Accounts payable and accrued expenses - related party 547,518 795,471
Accrued interest 455,811 17,531
Lease liabilities (198,148) (234,834)
Other current liabilities 1,349,839 910,885
Other liabilities (512,195) (550,607)
NET CASH USED IN OPERATING ACTIVITIES (3,851,273) (3,883,215)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from loan receivable 199,483 550,565
Purchase of digital assets (1,000,000) 0
Purchase of intangible assets (96,985) 1,999
Purchase of property and equipment (47,780) (345,593)
NET CASH (USED IN)/PROVIDED BY INVESTING ACTIVITIES (945,282) 206,971
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from convertible note payable 9,839,348 0
Payment of note payable (1,574,100) (814,267)
Proceeds from note payable 2,101,751 434,797
Payment of related party loan (6,700) (7,609)
Proceeds from related party loan 0 15,218
Payment of lines of credit (21,117,614) (19,504,594)
Proceeds from lines of credit 20,798,759 18,831,043
Proceeds from the issuance of common stock 1,021,934 649,039
Proceeds from the exercise of warrants 0 4,240,977
Payments of financing fees (1,698,606) (391,575)
Payments of finance lease liability (7,369) (26,408)
NET CASH PROVIDED BY FINANCING ACTIVITIES 9,357,403 3,426,621
Effect of exchange rate changes on cash (242,293) (268,727)
NET CHANGE IN CASH 4,318,555 (518,350)
CASH AND RESTRCITED CASH AT BEGINNING OF PERIOD 315,105 3,833,195
CASH AND RESTRICTED CASH AT END OF PERIOD 4,633,660 3,314,845
Cash and Restricted Cash Reconciliation    
Cash 889,441 315,105
Restricted Cash 3,744,219 0
Total Cash and Restricted Cash 4,633,660 315,105
Cash paid during the year:    
Interest 611,857 198,194
Income tax 0 0
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Debt discount on convertible notes (2,817,218) 0
Derivative recorded 2,817,218 0
Closing of acquisition of Cloudscreen 0 637,080
Deemed dividend upon warrant exchange 0 6,195,024
Common stock issued in exchange for debt 1,434,978 0
Common stock issued to employees 944,281 372,303
Common stock issued to consultants $ 785,952 $ 727,570