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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:    
Net loss $ (25,463,949) $ (18,873,758)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Depreciation and amortization 2,218,237 2,176,679
Gain on sale of property, plant and equipment (212,831)
Stock based compensation 452,071 1,282,757
Non-cash interest expense 576,380
Amortization of debt issuance costs 161,893
Gain on extinguishment of liabilities (550,867)
Convertible debt discount amortization 2,169,545
Loss on conversion of debt 93,386
Loss on extinguishment of convertible debt 1,019,319
Loss on accrual for legal settlement 1,792,308
Provision for doubtful accounts receivable 47,932 (39,502)
Provision for doubtful lease receivable 5,000 140,448
Change in fair value of contingent consideration promissory notes and earn-out agreements (177,909) (516,970)
Change in fair value of warrant derivative liability (1,846,642) (6,726,638)
Gain on extinguishment of warrant derivative liabilities (3,624,794)
Provision for inventory obsolescence (947,080) 1,574,453
Change in operating assets and liabilities:    
Accounts receivable – trade 411,462 722,498
Accounts receivable – other (including related party) 963,888 (2,195,157)
Inventories 3,941,205 1,245,677
Prepaid expenses 2,100,045 1,293,080
Operating lease right of use assets 340,672 328,772
Other assets (1,343,751) (3,048,382)
Increase (decrease) in:    
Accounts payable 1,805,601 4,709,030
Accrued expenses 289,957 (112,896)
Accrued interest - related party 95,031
Income taxes payable (8,036) 6,270
Lease deposit 10,445
Operating lease obligations (354,652) (328,772)
Contract liabilities 2,304,671 3,619,651
Net cash used in operating activities (9,893,838) (18,580,385)
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (94,165) (2,068,508)
Proceeds from sale of property, plant and equipment 609,559
Purchases of intangible assets (146,541) (116,990)
Proceeds from sale of intangible assets 18,975
Cash paid for acquisition of Medical Billing Company (1,153,627)
Cash paid for asset acquisition of Medical Billing Company (230,000)
Net cash used in investing activities (240,706) (2,940,591)
Cash Flows from Financing Activities:    
Repurchase and cancellation of common stock (4,026,523)
Distribution to noncontrolling interest in consolidated subsidiary (15,692)
Net proceeds of convertible debt with detachable warrants 2,640,000
Net proceeds of related party note payable 2,700,000
Net proceeds of revolving loan agreement – Video Solutions Segment 4,691,745
Proceeds – Commercial Extension of Credit – Entertainment Segment 1,455,643
Proceeds – Merchant Advances – Video Solutions Segment 1,000,000
Payments on convertible debt (3,162,500)
Payments on Commercial Extension of Credit – Entertainment Segment (1,367,715)
Payments on Merchant Advances – Video Solutions Segment (162,000)
Principal payment on EIDL loan (2,219)
Principal payment on contingent consideration promissory notes (412,460) (527,402)
Proceeds from issuance of Series A & B convertible redeemable preferred shares, net of issuance costs 13,365,000
Redemption of Series A & B convertible redeemable preferred shares (15,750,000)
Net cash provided by (used in) financing activities 7,380,494 (6,954,617)
Net decrease in cash, cash equivalents and restricted cash (2,754,050) (28,475,593)
Cash, cash equivalents and restricted cash, beginning of year 3,532,199 32,007,792
Cash, cash equivalents, and restricted cash, end of year 778,149 3,532,199
Supplemental disclosures of cash flow information:    
Cash payments for interest 88,631 49,070
Cash payments for income taxes 1,606 8,730
Supplemental disclosures of non-cash investing and financing activities:    
Restricted common stock grant 35 61
Restricted common stock forfeitures 4 3
Issuance of contingent consideration earn-out agreement for business acquisitions 750,000
Issuance of contingent consideration promissory note for asset acquisitions 105,000
Assets acquired in business acquisitions 190,631
Goodwill acquired in business acquisitions 2,100,000
Liabilities assumed in business acquisitions 387,005
ROU and lease liability recorded on extension of lease 611,702 42,403
Common stock issued due to rounding from reverse stock split 24
Conversion of convertible notes payable into common stock 119,750
Issuance of common stock through warrant exchange agreement 4,495,500
Debt discount on convertible note $ 3,000,000