XML 152 R6.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities    
Net income (loss) $ 918,355 $ (3,270,544)
Adjustments to reconcile net loss to net cash used in by operating activities:    
Bad debt 12,995  
Stock-based compensation 1,077,319 1,165,151
Common stock issued for professional and marketing services 350,224 0
Amortization of right of use assets 23,320 0
Change in fair value of contingent consideration (3,387,266) 0
Depreciation 26,302 0
Amortization of intangibles 1,572,441 0
Deferred tax adjustments (1,042,689)  
Excess value of common stock issued to settle liabilities 0 265,591
Changes in operating assets and liabilities    
Accounts receivable (5,646,523) 0
Contract assets (5,641,421) 0
Prepaid expenses and other current assets (282,650) (6,500)
Other receivable, related party (9,431) 0
Due to / from related party 163,922  
Accounts payable 3,882,906 48,343
Accounts payable, related party 5,645,743 144,000
Accrued expenses and other current liabilities 841,566 0
Contract liabilities 84,806 0
Deferred tax liability (65,662) 0
Operating lease liabilities, net (11,817) 0
Net cash used in operating activities (1,487,560) (1,653,959)
Cash flows from investing activities    
Cash and restricted cash acquired from business combinations 1,391,391 0
Purchase of property, plant and equipment (40,399) 0
Software development capitalization (160,371) 0
Net cash provided by investing activities 1,190,621 0
Cash flows from financing activities    
Short-term advances, related party 0 596,199
Repayment of loan (915) 0
Accounts receivable financing facility 331,432 0
Proceeds from sale of common and preferred stock 1,834,970 1,164,995
Net cash provided by financing activities 2,165,487 1,761,194
Effect of exchange rate changes on cash and cash equivalents 132,551 0
Net change in cash and cash equivalents 2,001,099 107,235
Cash and cash equivalents and restricted cash at beginning of year 107,475 240
Cash and cash equivalents and restricted cash at end of year 2,108,574 107,475
Cash at beginning of year 107,475 240
Restricted cash at beginning of year 0 0
Cash and restricted cash at beginning of year 107,475 240
Cash at end of year 2,087,400 107,475
Restricted cash at end of year 21,174 0
Cash and restricted cash at end of year 2,108,574 107,475
Supplemental disclosure of cash flow information    
Cash paid for income taxes 0 0
Cash paid for interest 5,771 0
Supplemental disclosure of non-cash operating activities    
Issuances of common stock for consulting and marketing services - prepaid expense 4,427,500 0
Supplemental disclosure of non-cash investing and financing activities    
Purchase of intangible assets in exchange of issuance of common stock 19,710,000 0
Dividend payable to former owner of 42 arising from measurement year adjustment to goodwill 690,870 0
Contingent consideration liability recognized with business combination 38,225,750 0
Issuance of common stock pursuant to business combination 12,880,000 0
Common stock to be issued pursuant to business combination 3,407,250 0
Settlement of related party liabilities, Value 675,700 0
Issuance of common stock in settlement of liabilities 10,000 88,100
Deferred tax adjustment to goodwill $ 5,506,542 $ 0