v3.24.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (7,378,464) $ (2,615,965)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 1,799 75
Amortization of debt issuance costs 1,658,541 208,412
Stock based compensation 1,990,170
Common stock for debt and warrant issuance 801,088
Common stock for services 197,871
Changes in operating assets and liabilities:    
Prepaid asset and other current assets 395,723 (392,860)
Accounts payable and accrued expenses 653,865 123,541
Due to affiliates 134,329 (1,876,298)
Net cash used in operating activities (1,545,078) (4,553,095)
Cash flows from investing activities:    
Additions to assets held for sale (3,535)
Additions to intangible assets (209,731) (22,210)
Cash acquired bus combination 1,082
Purchase of computers and software (1,002) (3,805)
Project development costs (30,900) (9,607)
Equity-based investments (42,662)
Net cash used in investing activities (240,551) (81,819)
Cash flows from financing activities:    
Debt issuance costs (1,509,852) (441,825)
Proceeds from notes payable 3,081,489 6,650,000
Issuance of common stock from EP 750,719
Repayment of short-term notes payable (526,256) (2,500,000)
Contributions 959,384
Net cash provided by financing activities 1,796,100 4,667,559
Net change in cash 10,471 32,645
Cash – beginning of period 3,236 720
Cash – end of period 13,707 33,365
Supplemental disclosure of non-cash operating activities:    
Prepaid interest held back from proceeds from short-term notes payable 1,000,000 675,000
Forgiveness of due from affiliate 4,000,000
Conversion of notes payable 1,425,955
Intangible assets acquired in connection with asset acquisition 228,360
Assets and liabilities acquired in business combination:    
Intangible assets 100,468
Goodwill 1,810,787
Accounts payable and accrued expenses 32,237
Contingent consideration payable $ 945,000

Source

10-Q PDF
XBRL