v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows From Operating Activities:    
Net loss $ (12,039,697) $ (7,946,584)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 436,692 160,028
Depreciation and amortization 2,066,969 858,033
Changes in operating assets and liabilities:    
Accounts receivable (45,671) 553,764
Accounts receivable - related party (396,230) (197,355)
Inventory (114,351) (182,757)
Contract asset 353,882
Contract asset - related party (60,060) (2,827)
Prepaid expenses and other assets (729,556) 946,246
Accounts payable and accrued liabilities 2,537,168 (1,968,107)
Accounts payable and accrued liabilities - related party 100,857 210,363
Contract liability (16,192)
Contract liability - related party 60,060 2,827
Changes in operating lease assets and liabilities 770 (3,699)
Net Cash used in Operating Activities (7,845,359) (7,570,068)
Cash Flows From Investing Activities:    
Purchase of property and equipment (4,354,130) (4,067,741)
Net Cash used in Investing Activities (4,354,130) (4,067,741)
Cash Flows From Financing Activities:    
Proceeds from issuance of common stock units 13,742,311
Proceeds from exercise of warrants 2,381,247
Proceeds from asset-based loan agreement 4,413,239 46,133
Repayment of asset-based loan agreement (3,604,116) (1,772,373)
Repayment of notes payable (3,059,767) (150,000)
Net Cash provided by Financing Activities 130,603 11,866,071
Net change in cash (12,068,886) 228,262
Cash, beginning of period 15,703,579 1,216,107
Cash, end of period 3,634,693 1,444,369
Supplemental cash flow information    
Cash paid for interest 630,874 338,116
Cash paid for taxes
Non-cash Investing and Financing transactions:    
Conversion of interest and fees of asset based loan 169,870
Class A common stock issued for conversion of Series A convertible preferred stock 16,566
Recognition of right-of-use asset and lease liability $ 856,787 $ 284,861

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