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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities:    
Net income (loss) $ 4,267,082 $ (3,943,268)
Adjustments to reconcile net income (loss) to net cash flows used in operating activities:    
Depreciation and amortization 417,870 550,991
Provision for doubtful accounts receivable (69,168) 34,059
Provision for doubtful subscriptions receivable 51,403 20,000
Provision for inventory obsolescence (521,113) (56,072)
Stock based compensation 13,824 40,695
Non-cash interest expense 672,490 360,330
Gain on extinguishment of liabilities (2,220,097) (682,345)
Gain on extinguishment of debt – related party (1,249,372)
Change in fair value of warrant derivative liability (2,515,891) 348,891
Loss on sale of property, plant and equipment 41,661
Loss on disposal of intangible assets (5,582)
(Increase) decrease in:    
Accounts receivable – trade 123,402 142,606
Subscriptions receivable 1,071,305 (503,174)
Other receivables 154,173 591,309
Inventories 618,068 793,664
Prepaid expenses (1,001,093) (154,645)
Operating lease right of use assets 37,881 54,137
Other assets (8,750) 49,606
Increase (decrease) in:    
Accounts payable (4,508,680) 1,569,346
Accrued expenses (496,696) (132,185)
Accrued interest - related party 95,944
Income taxes payable 7,861 (61)
Operating lease obligations (37,881) (57,801)
Deferred revenue (657,323) 19,293
Net cash used in operating activities (5,754,761) (918,545)
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (42,474) (18,467)
Additions to intangible assets (42,973) (61,882)
Proceeds from sale of intangible assets 90,535
Cash paid for acquisition of Country Stampede (400,000)
Proceeds from sale of land and building 550,644
Net cash provided by (used in) investing activities (85,447) 160,830
Cash Flows from Financing Activities:    
Net proceeds of February 2025 public equity offering with detachable warrants 14,308,300
Net proceeds of unsecured promissory note – entertainment segment 600,000
Payments on Senior Secured Promissory Notes – Video Solutions Segment (3,600,000)
Payments of related party note payable (140,000)
Principal payments on EIDL loan (841) (810)
Proceeds – Commercial Extension of Credit – Entertainment Segment 275,000
Payments on Commercial Extension of Credit – Entertainment Segment (100,000) (87,928)
Proceeds – Merchant Advances – Video Solutions Segment 700,000
Payments on Merchant Advances – Video Solutions Segment (1,922,750)
Proceeds from issuance of common shares upon exercise of Series B warrants 3,793
Proceeds – Merchant Advances – Entertainment Segment 915,000
Payments on Merchant Advances – Entertainment Segment (702,000)
Principal payment on contingent consideration promissory notes (94,235)
Net cash provided by financing activities 9,148,502 1,005,027
Net increase in cash, cash equivalents and restricted cash 3,308,294 247,312
Cash, cash equivalents and restricted cash, beginning of period 454,314 778,149
Cash, cash equivalents, and restricted cash, end of period 3,762,608 1,025,461
Supplemental disclosures of cash flow information:    
Cash payments for interest 31,606 158,517
Cash payments for income taxes
Supplemental disclosures of non-cash investing and financing activities:    
Restricted common stock grant 80
Restricted common stock forfeitures 1
Commercial extension of credit repaid through accrued revenue – Entertainment segment 205,357
ROU and lease liability recorded on extension (termination) of lease (73,894)
Assets acquired in business acquisitions 605,000
Goodwill acquired in business acquisitions 225,959
Liabilities assumed in business acquisitions 288,000
Adjustments of accounts payable with the sale proceeds of property, plant and equipment 549,356
Fair value of warrants issued with sale of shares 1,803
Transition of warrant derivative liability to equity upon exercise of warrants 1,993,600
Reduction in proceeds from sale of building for loan, prepaid rent, and other accrued expenses
Issuance of common stock upon exercise of pre-funded warrants $ 4,907