Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Operations

v3.25.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]    
Revenue $ 3,873,704 $ 5,010,565
Revenue - related parties 798,942 952,220
Total - revenue 4,672,646 5,962,785
Cost of revenue 6,141,657 4,321,482
Gross profit (loss) (1,469,011) 1,641,303
Operating expenses    
Selling, general and administrative expense 14,249,870 14,166,617
Total operating expenses 14,249,870 14,166,617
Net loss from operations (15,718,881) (12,525,314)
Other income (expense)    
Other income 4,613 17,950
Interest expense (1,306,252) (747,420)
Interest income 39,015
Asset-based loan expense (542,551) (155,716)
Finance expense (917,848)
Total other income (expense) (1,805,175) (1,803,034)
Loss before income taxes (17,524,056) (14,328,348)
Provision for income taxes
Net loss (17,524,056) (14,328,348)
Dividend on Series A preferred Stock (42,375) (202,599)
Net loss attributed to stockholders $ (17,566,431) $ (14,530,947)
Basic loss per common share $ (3.60) $ (23.44)
Diluted loss per common share $ (3.60) $ (23.44)
Basic weighted average number of common shares outstanding 4,874,985 619,986
Diluted weighted average number of common shares outstanding 4,874,985 619,986