XML 19 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (3,702,216) $ (3,060,433)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Bad debts expense 187,363 0
Depreciation and amortization 826,939 459,345
Non-cash amortization of right-of-use asset and liability 1,172,166 68,477
Inventory valuation and obsolescence adjustments 1,657,264 1,398,888
Amortization of stock options 4,511,657 711,037
Amortization of stock warrants issued as a debt discount 1,088,264 1,173,986
Loss on early extinguishment of debt 696,502 0
Decrease (increase) in current assets:    
Accounts receivable 1,930,749 (2,387,237)
Prepaid expenses 180,524 (425,472)
Inventory (17,339,998) (4,112,386)
Security deposits (1,011,340) (322,616)
Increase (decrease) in current liabilities:    
Accounts payable 514,471 400,929
Accrued interest (761,943) 634,118
Accrued expenses 327,205 490,494
Net cash used in operating activities (9,426,745) (4,845,640)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (3,269,332) (2,266,635)
Cash paid for construction in progress (2,658,544) 0
Net cash used in investing activities (5,927,876) (2,266,635)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from common stock offerings, net of offering costs of $1,110,013 17,929,554 6,445,848
Proceeds from the exercise of warrants and options 373,857 0
Proceeds received from notes payable, related parties 0 2,400,000
Proceeds received from notes payable 0 400,000
Repayments of borrowings (1,635,387) 0
Net cash provided by financing activities 16,668,024 9,245,848
NET CHANGE IN CASH AND CASH EQUIVALENTS 1,313,403 2,133,573
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 2,410,037 276,464
CASH AND CASH EQUIVALENTS AT END OF PERIOD 3,723,440 2,410,037
SUPPLEMENTAL INFORMATION:    
Interest paid 667,293 30,017
Interest received 43,639 0
Income taxes paid 130,000 0
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Non-cash exercise of warrants 5,299,113 0
Repayment of interest 98,750 0
Repayments of borrowings (5,200,363) 0
Reclassification of construction in progress to property and equipment 3,269,332 965,208
Value of debt discounts attributable to warrants 0 247,880
Officers and Directors [Member]    
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Common stock issued for services $ 295,648 $ 125,230