v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (2,179,993) $ (3,067,671)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 365 161
Amortization 26,115
Amortization of debt issuance costs 575,380 314,996
Stock based compensation 88,500 1,746,640
Common stock for services 322,871
Changes in operating assets and liabilities:    
Prepaid assets and other current assets 423,141 (178,408)
Accounts payable and accrued expenses 514,618 167,633
Net cash used in operating activities (551,874) (693,778)
Cash flows from investing activities:    
Additions to intangible assets (10,000) (30,731)
Cash acquired bus combination 1,082
Purchase of computers and software (32,000)
Project development costs (26,150)
Net cash used in investing activities (10,000) (87,799)
Cash flows from financing activities:    
Debt issuance costs (232,784) (321,117)
Proceeds from notes payable 1,094,400 651,700
Issuance of common stock from EP 525,295
Principal payments on debt (578,405)
Net cash provided by financing activities 283,211 855,878
Net change in cash (278,662) 74,301
Cash – beginning of period 296,202 3,236
Cash – end of period 17,540 77,537
Assets and liabilities acquired in business combination:    
Accounts payable and accrued expenses 32,337
Assets and liabilities effected in deconsolidation:    
Cash 28,970
Prepaid assets and other current assets 88,109
Land 601,519
Property and equipment, net 740,329
Accounts payable and accrued expenses 37,600
Short-term notes payable 794,521
Supplemental disclosure of non-cash investing and financing activities:    
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 for debt issuance 114,586
Conversion of notes payable 1,100,000 700,000
Pre-funded warrants $ 83

Source

10-Q PDF
XBRL