XML 18 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Consoolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
 CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (5,180,036) $ (219,436)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 223,219 42,890
Bad debt expense 1,991 8,815
Loss on disposal of asset 7,200
Depreciation and amortization 499,535 128,737
Amortization of debt discount 1,096,725 38,758
Change in fair value of derivative liabilities 1,393,046 (381,848)
Loss on settlement of debt 482,085
Deferred tax assets 183,647 53,568
Changes in operating assets and liabilities:    
Accounts receivable (56,091,437) (8,010,726)
Inventory (3,537) (997)
Prepaid and other assets (1,235,127) (1,085,279)
Due from related parties (20,000) 93,264
Accounts payable 4,448,542 1,217,926
Accrued and other current liabilities 51,271,041 6,623,327
Net cash used in operating activities (2,930,306) (1,483,801)
 CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of subsidiary, net of cash acquired (2,955,121)
Purchase of property and equipment (151,620) (220,045)
Advance of loan receivable - related party (89,832) (192,154)
Collection of amounts due from related parties 33,602 79,649
Net cash used in investing activities (3,162,971) (332,550)
 CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from loans payable 2,494,852 375,000
Repayments of loans payable (1,846,139) (18,559)
Proceeds from loans payable - related parties 1,000,000
Repayment of loans payable - related parties (538,961)
Proceeds from common stock issued 100,000
Proceeds from exercise of warrants 1,100,000 1,400,000
Proceeds from convertible notes 5,612,499 250,000
Proceeds from common stock payable 100,000
Repayment of convertible notes (781,285) (172,476)
Net cash provided by financing activities 7,240,966 1,833,965
 Effect of exchange rate changes on cash 15,665
 Net change in cash 1,147,689 33,279
 Cash, beginning of period 1,362,668 1,329,389
 Cash, end of period 2,510,357 1,362,668
 Supplemental cash flow information    
Cash paid for interest 879,783 45,282
Cash paid for taxes
 Non-cash transactions:    
Series B Preferred stock issued as dividend 627,710 816,480
Common stock issued for conversion of debt 671,666
Common stock issued for modification of debts 600,034
Common stock issued for conversion of preferred stock 4,502
Cashless warrant exercised 1,814
Non-cash dividend for collection of loan receivable - related parties 5,050
Resolution of derivative liabilities upon exercise of warrant 1,493,046 975,939
Note payable issued for acquisition of subsidiary 2,000,000
Contingent liability for acquisition of subsidiary $ 1,000,000