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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Accounting Policies [Abstract]    
SCHEDULE OF ESTIMATED USEFUL LIVES

 

Category   Estimated Useful Life
Computer equipment and software   3 - 10 years
Furniture and fixtures   3 - 15 years
Vehicles   5 years
Equipment   5 - 10 years

 

Category  Estimated Useful Life
Computer equipment and software  3 - 10 years
Furniture and fixtures  3 - 15 years
Vehicles  5 years
Equipment  5 - 10 years
SCHEDULE OF FAIR VALUE OF FINANCIAL INSTRUMENTS

 

   Fair Value   Level 1   Level 2   Level 3 
Fair Value at December 31, 2023  $2,534,169   $55,216   $2,478,953   $- 
Money market funds   (45,102)   (45,102)   -    - 
Corporate fixed income securities   (452,682)   -    (452,682)   - 
U.S. treasury securities   (2,026,271)   -    (2,026,271)   - 
Derivative liability(1)   -    -    -    - 
Fair value at December 31, 2024  $10,114   $10,114   $-   $- 
Derivative liability(2)   -    -    -    - 
Fair value at March 31, 2025  $10,114   $10,114   $-   $- 

 

(1)During the year ended December 31, 2024, the Company recorded a derivative liability related to the PIPE Warrants of $142,319. During the year ended December 31, 2024, the Company recorded a gain on fair value remeasurement of $142,319.
(2)During the three months ended March 31, 2025, the Company did not record a loss on fair value remeasurement.

 

   Fair Value   Level 1   Level 2   Level 3 
Fair Value at December 31, 2022  $-   $-   $-   $- 
Money market funds   55,216    55,216    -    - 
Corporate fixed income securities   452,682    -    452,682    - 
U.S. treasury securities   2,026,271    -    2,026,271    - 
Fair value at December 31, 2023  $2,534,169   $55,216   $2,478,953   $- 
Money market funds   (45,102)   (45,102)   -    - 
Corporate fixed income securities   (452,682)   -    (452,682)   - 
U.S. treasury securities   (2,026,271)   -    (2,026,271)   - 
Derivative liability(1)   -    -    -    - 
Fair value at December 31, 2024  $10,114   $10,114   $-   $- 

 

(1)During the year ended December 31, 2024, the Company recorded a derivative liability related to the PIPE Warrants of $142,319. During the year ended December 31, 2024, the Company recorded a gain on fair value remeasurement of $142,319. See Note 17 – Stockholders’ Deficit for additional details.
SCHEDULE OF DISAGGREGATED REVENUE

 

   2025   2024 
   Three Months Ended March 31, 
   2025   2024 
Revenues:          
Golf Simulators(1)  $3,587,912   $2,724,658 
Content Software Subscriptions   1,159,705    2,250,699 
Franchise Revenue   75,000    - 
Other(2)   566,613    36,665 
Total net revenue  $5,389,230   $5,012,022 

 

(1) Includes items such as hardware and proprietary perpetual licenses
(2) Includes items such as shipping income and installation income 

 

   2024   2023 
   Year Ended December 31, 
   2024   2023 
Revenues:          
Golf Simulators(1)  $13,708,760   $11,969,498 
Content Software Subscriptions   7,852,699    8,493,368 
Other(2)   297,405    120,985 
Total net revenue  $21,858,864   $20,583,851 

 

  (1) Includes items such as simulator hardware and proprietary perpetual licenses.
  (2) Includes items such as shipping and installation revenue.
SCHEDULE OF LOSS PER SHARE

The following table sets forth the computations of loss per share:

 

   2025   2024 
   Three Months Ended March 31, 
   2025   2024 
Numerators:          
Net loss  $(2,670,322)  $(1,301,864)
Denominator:          
Weighted-average common shares Series A outstanding, basic and diluted   28,461,277    5,994,704 
Weighted-average common shares Series B outstanding, basic and diluted  1,716,860   1,144,573
Net loss per common share Series A, basic and diluted  $(0.09)  $(0.22)
Net loss per common share Series B, basic and diluted  $(1.56)  $(1.14)

The following table sets forth the computations of loss per share:

 

   2024   2023 
   Year Ended December 31, 
   2024   2023 
Numerators:          
Net loss  $(8,795,419)  $(10,283,109)
Denominator:          
Weighted-average common shares Series A outstanding, basic and diluted   11,634,761    11,994 
Net loss per common share Series A, basic and diluted  $(0.76)  $(857.35)
SCHEDULE OF POTENTIAL DILUTIVE SHARES

The following table summarizes the securities that were excluded from the diluted per share calculation because the effect of including these potential shares was anti-dilutive due to the Company’s net loss position even though the exercise price could be less than the average market price of the common shares:

 

Stock Options   1,131,000 
PIPE Convertible Notes(1)   401,200 
Common Stock - Series A warrants   1,409,092 
Common stock - Series B warrants   1,550,000 
Earnout shares - Earned in three Tranches over three years (assumes achievement of revenue and VWAP targets)   4,500,000 
Underwriter warrants to I-Bankers convertible at $12.00/common share   632,500 
Total dilutive   9,623,792 

 

(1)Does not include shares for interest or make-whole amounts as the number of shares is undeterminable since the calculation is based on variable floating factors.

The following table summarizes the securities that were excluded from the diluted per share calculation because the effect of including these potential shares was anti-dilutive due to the Company’s net loss position even though the exercise price could be less than the average market price of the common shares:

 

Stock Options   1,131,000 
PIPE Convertible Notes(1)   928,700 
Common Stock - Series A warrants   1,409,092 
Common stock - Series B warrants   1,550,000 
Earnout shares - Earned in three Tranches over three years (assumes achievement of revenue and VWAP targets)   4,500,000 
Underwriter warrants to I-Bankers convertible at $12.00/common share   632,500 
Total dilutive   10,151,292 

 

  (1) Does not include shares for interest or make-whole amounts as the number of shares is undeterminable since the calculation is based on variable floating factors