v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (9,329,001) $ (2,179,993)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of derivative liability 1,268,162
Loss on settlement of derivative liability 3,881,922
Depreciation 553,814 365
Amortization 250,986 26,115
Amortization of debt issuance costs 410,540 575,380
Stock based compensation   88,500
Amortization of right of use asset 14,297
Loss on sale of equipment 80,289
Common stock for services 119,608
Accounts receivable (603,206)
Inventory 124,571
Prepaid assets and other current assets 313,128 423,141
Accounts payable and accrued expenses 960,598 514,618
Due to affiliates (47,455)
Operating lease liabilities (14,628)
Net cash used in operating activities (2,016,375) (551,874)
Cash flows from investing activities:    
Additions to intangible assets (10,000)
Proceeds from sale of property and equipment 25,000
Purchase of property and equipment (533,375)
Additions to equity based investments (21,300)
Net cash used in investing activities (529,675) (10,000)
Cash flows from financing activities:    
Debt issuance costs (728,009) (232,783)
Proceeds from notes payable 8,193,226 1,094,400
Principal payments on debt (1,646,350) (578,405)
Payments on finance leases (45,953)
Cash payment of derivative liability (2,769,189)
Net cash provided by financing activities 3,003,725 283,212
Net change in cash 457,675 (278,662)
Cash – beginning of period 54,066 296,202
Cash – end of period 511,741 17,540
Supplemental disclosure of non-cash operating activities:    
Forgiveness of related party accounts payable and accrued expenses 490,000
Issuance of stock for derivative liability settlement 3,592,954
Issuance of stock for warrant exercise 135
Conversion of Series A preferred stock to common stock 181,000,000  
Note receivable from sale of equity investment 4,500,000
Deferred gain on sale from sale of equity investment 1,475,000
Forgiveness of due from affiliate 391,524
Issuance of stock and warrants for debt issuance 1,967,922 114,586
Conversion of notes payable 1,100,000
Pre-funded warrants $ 83

Source

10-Q PDF
XBRL