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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDTIED) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net loss $ (3,221,136) $ (9,001,789)
Adjustments to reconcile net loss to net cash (used in) operating activities:    
Stock-based compensation 79,955 906,994
Amortization of discount of notes payable 0 241,444
Amortization of right to use assets 22,367 16,280
Amortization of patent rights 102,300 102,300
Depreciation expense 51,462 1,578
Non-cash interest income (19,703) (31,524)
Loss on change in fair value of profit share 729,048 2,954,634
Changes in operating assets and liabilities    
Accounts receivable (317,528) 763,774
Inventory (209,086) (169,818)
Prepaid expenses and other assets 71,900 46,162
Accrued salaries 2,606 562,752
Accounts payable and accrued liabilities 742,694 501,183
Operating lease liability (20,626) (16,589)
Net cash used in operating activities (1,985,747) (3,122,619)
Cash flows used in investing activities    
Purchase of property and equipment (16,266) (66,274)
Net cash used in investing activities (16,266) (66,274)
Cash flows used in financing activities    
Repayment of secured notes payable 0 (271,686)
Repayment of unsecured notes payable 0 (9,040,000)
Net cash used in financing activities 0 (9,311,686)
Net decrease in cash and cash equivalents (2,002,013) (12,500,579)
Cash and cash equivalents - beginning of period 3,456,082 20,939,762
Cash and cash equivalents - end of period 1,454,069 8,439,183
Cash paid during the period for:    
Interest 0 3,939
Income taxes 14,135 200,000
SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTIONS    
Capital from related party debt extinguishments 0 10,827,195
Recognition of ROU asset and operating lease liability $ 0 $ 161,728

Source

10-Q PDF
XBRL