Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Operations (Unaudited)

v3.25.1
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Revenue $ 160,704 $ 845,111
Revenue - related parties 77,790 205,044
Total - revenue 238,494 1,050,155
Cost of revenue 1,866,972 966,091
Gross profit (loss) (1,628,478) 84,064
Operating expenses    
Selling, general and administrative expense 4,444,442 3,645,583
Total operating expenses 4,444,442 3,645,583
Net loss from operations (6,072,920) (3,561,519)
Other income (expense)    
Interest expense 24,593 (153,526)
Interest income 66,345
Asset-based loan expense (432,645) (95,455)
Total other income (expense) (341,707) (248,981)
Loss before income taxes (6,414,627) (3,810,500)
Provision for income taxes
Net loss (6,414,627) (3,810,500)
Dividend on Series A preferred Stock (42,375)
Net loss attributed to stockholders $ (6,414,627) $ (3,852,875)
Basic loss per common share $ (0.35) $ (1.42)
Diluted loss per common share $ (0.35) $ (1.42)
Basic weighted average number of common shares outstanding 18,228,267 2,719,812
Diluted weighted average number of common shares outstanding 18,228,267 2,719,812