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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:    
Net loss $ (222,122) $ (8,953,819)
Adjustments to reconcile net loss to net cash flows used in operating activities:    
Depreciation and amortization 876,821 1,079,000
Provision for doubtful accounts receivable (94,999) 38,724
Provision for doubtful subscriptions receivable 50,000 20,000
Provision for inventory obsolescence (507,961) (407,460)
Stock based compensation 23,565 101,467
Non-cash interest expense 685,158 1,255,168
Gain on extinguishment of liabilities (2,230,716) (682,345)
Change in fair value of warrant derivative liability (3,373,080) 351,710
Loss on extinguishment of debt 68,827
Loss on disposal of intangible assets (5,582)
Loss on sale of property, plant and equipment 41,661
(Increase) decrease in:    
Accounts receivable – trade 434,586 (284,767)
Subscriptions receivable 1,283,234 (458,199)
Other receivables 153,827  
Inventories 627,921 2,075,608
Prepaid expenses (101,626) (235,109)
Operating lease right of use assets (1,026,213) 110,099
Other assets 558,867 698,456
Increase (decrease) in:    
Accounts payable (4,592,345) 2,307,612
Accrued expenses (543,728) (128,075)
Accrued interest - related party 177,899 188,750
Income taxes payable 12,205 (61)
Operating lease obligations 822,413 (117,428)
Deferred revenue (1,657,812) (472,994)
Net cash used in operating activities (8,644,106) (3,408,757)
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (220,151) (24,882)
Additions to intangible assets (92,890) (65,361)
Proceeds from sale of intangible assets 90,535
Cash paid for acquisition of Country Stampede (514,432)
Proceeds from sale of land and building 550,644
Net cash provided by (used in) investing activities (313,041) 36,504
Cash Flows from Financing Activities:    
Net proceeds of February 2025 public equity offering with detachable warrants 14,308,300
Net proceeds of June 2024 private placement equity offering with detachable warrants 2,194,742
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 (162,000)
Principal payments on EIDL loan (1,690) (1,628)
Proceeds – Commercial Extension of Credit – Entertainment Segment 575,000
Payments on Commercial Extension of Credit – Entertainment Segment (100,000) (162,928)
Proceeds – Merchant Advances – Video Solutions Segment 1,144,000
Payments on Merchant Advances – Video Solutions Segment (1,922,750) (51,899)
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 (1,215,000)
Principal payment on contingent consideration promissory notes (188,470)
Net cash provided by financing activities 9,125,653 3,208,817
Net increase in cash, cash equivalents and restricted cash 168,506 (163,436)
Cash, cash equivalents and restricted cash, beginning of period 454,314 778,149
Cash, cash equivalents, and restricted cash, end of period 622,820 614,713
Supplemental disclosures of cash flow information:    
Cash payments for interest 26,896 293,441
Cash payments for income taxes 5,198 8,097
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 487,500
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
Deemed capital contribution related to modification of notes payable - related party 1,871,994
Fair value of warrants issued with sale of shares 6,748,425 2,075,300
Transition of warrant derivative liability to equity upon exercise of warrants 7,928,030
Issuance of common stock upon exercise of pre-funded warrants $ 49