XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Consoolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
 CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,317,107) $ (274,557)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 109,485 30,945
Bad debt expense 1,801 1,344
Depreciation and amortization 104,061 103,246
Amortization of debt discount 856,922 21,404
Change in fair value of derivative liabilities 1,063,789 (381,848)
Loss on settlement of debt 130,197
Changes in operating assets and liabilities:    
Accounts receivable 11,789,409 (3,422,703)
Inventory (3,537) (997)
Prepaid and other assets (434,217) (1,057,311)
Due from related parties 69,948
Accounts payable (8,331,945) 2,604,856
Accrued and other current liabilities (4,495,509) 1,870,972
Net cash used in operating activities (2,526,651) (434,701)
 CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of subsidiary (2,730,121)
Purchase of property and equipment (134,016) (164,715)
Purchase of intangible assets (189,767)
Advances of loans receivable - related party (119,832)
Collection of amounts due from related parties 33,602 13,899
Net cash used in investing activities (2,950,367) (340,583)
 CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from loans payable 2,011,100 150,000
Repayments of loans payable (669,121) (9,006)
Proceeds from loans payable - related parties 1,000,000
Repayment of loans payable - related parties (333,378)
Proceeds from exercise of warrants 575,000 1,150,000
Proceeds from issuance of common stock payable 100,000
Proceeds from convertible notes 3,997,500 250,000
Proceeds from common stock purchase option 100,000
Repayment of convertible notes (541,612) (86,238)
Net cash provided by financing activities 6,239,489 1,454,756
 Effect of exchange rate changes on cash (7,541)
 Net change in cash 762,471 671,931
 Cash, beginning of period 1,362,668 1,329,389
 Cash, end of period 2,125,139 2,001,320
 Supplemental cash flow information    
Cash paid for interest 480,431 25,941
Cash paid for taxes
 Non-cash transactions:    
Series B Preferred stock issued as dividend 816,480
Common stock issued in connection with convertible notes $ 597,777
Common stock issued for conversion of debt 337,083
Common stock issued for settlement of debt $ 279,660
Cashless warrant exercised 1,815
Resolution of derivative liabilities 885,843 975,939
Note payable issued for acquisition of subsidiary 2,000,000
Contingent liability for acquisition of subsidiary $ 1,000,000