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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (3,067,671) $ (904,503)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 161
Amortization of debt issuance costs 314,996 80,000
Stock based compensation 1,746,640  
Common stock for services 322,871
Prepaid asset and other current assets (178,408) (39,514)
Intangible assets (30,731) (10,825)
Accounts payable and accrued expenses 167,633 (47,360)
Due to affiliates
Net cash used in operating activities (724,509) (922,202)
Cash flows from investing activities:    
Additions to assets held for sale   (3,535)
Cash acquired bus combination 1,082  
Purchase of computers and software (32,000)
Project development costs (26,150) (9,607)
Equity-based investments   (25,000)
Net cash used in investing activities (57,068) (38,142)
Cash flows from financing activities:    
Debt issuance costs (321,117) (486,825)
Proceeds from short-term notes payable 651,700 4,325,000
Issuance of common stock from EP Agreement 525,295  
Repayment of short-term notes payable   (2,500,000)
Contributions   959,384
Net cash provided by financing activities 855,878 2,297,559
Net change in cash 74,301 1,337,215
Cash – beginning of period 3,236 720
Cash – end of period 77,537 1,337,935
Supplemental disclosure of non-cash operating activities:    
Prepaid interest held back from proceeds from short-term notes payable   675,000
Conversion of notes payable 700,000
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