XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows used in operating activities:    
Net loss $ (1,013,590) $ (3,746,867)
Adjustments to reconcile net loss to net cash (used in) operating activities:    
Depreciation and amortization 71,797 215,203
Amortization of right-of-use assets 19,746 22,512
Non-cash interest expense 5,425
Stock based compensation 426,281
Provision for accounts receivable allowances (29,741)
Vendor liability forgiveness, net of asset transfers 2,200,929
Changes in operating assets and liabilities:    
Accounts receivable 731,118
Other receivable (519,822)
Inventories 404,299
Prepaid expenses and other current assets (44,985) 11,660
Other assets (77,419) 21,251
Accounts payable (143,414) (3,129,003)
Contract liabilities 1,468,346
Other payables 37,933
Accrued expenses and other current liabilities 388,119 16,364
Operating lease liabilities (20,181) (22,512)
Net cash provided by (used in) operating activities 171,955 (2,878,506)
Cash flows from investing activities:    
Net cash used in investing activities
Cash flows from financing activities:    
Proceeds from preferred stock issuance 2,800,000
Proceeds from the issuance of common stock 4,000,000
Proceeds from the issuance of convertible note 300,000
Net cash provided by financing activities 4,300,000 2,800,000
Effect of foreign exchange rate changes on cash 1,962
Net increase (decrease) in cash and cash equivalents 4,473,917 (78,506)
Cash and cash equivalents - Beginning 30,162 709,322
Cash and cash equivalents - Ending 4,504,079 630,816
Cash paid during the period for:    
Interest
Income taxes
Supplemental disclosures of non-cash investing and financing activities:    
Non-cash common stocks issued and to be issued that were recognized in deferred offering costs 150,000
Obtaining right-of-use assets in exchange for operating lease liability 79,580
Purchase of property and equipment, and intangible assets through increase in other payables $ 1,490,000