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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net loss $ (2,524,394) $ (3,922,689)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Amortization of debt discount and equity issuance costs 294,635 401,754
Depreciation and amortization 356,232 583,421
Amortization of right of use lease assets 51,016
Non-cash lease expense 254,936 40,829
Bad debt expense 12,098
Loss (gain) on disposal of property and equipment 2,400
Loss (gain) on contingent earnout (367,056)
Loss (gain) on derivative liability (4,716) (5,219)
Stock-based compensation 14,968 45,450
Changes in operating assets and liabilities, net of acquisitions    
Accounts receivable (91,676) (72,679)
Prepaid expenses and other assets 214,153 (20,472)
Inventories (159,388) (262,574)
Income taxes 1,327,070 85,742
Accounts payable, accrued liabilities, and interest payable 266,328 2,243,767
Operating lease liabilities (224,839) (3,035)
Net cash used in operating activities (580,633) (883,305)
Cash flows from investing activities    
Purchase of property and equipment (29,994) (10,732)
Acquisition of Station 2 assets (256,582)
Net cash used in investing activities (29,994) (267,314)
Cash flows from financing activities    
Payments on notes payable (440,840) (705,599)
Payments on finance lease (35,180) (83,647)
Proceeds from notes payable 500,000
Net cash (used in) provided by financing activities 23,980 (789,246)
Net decrease in cash and cash equivalents (586,647) (1,939,865)
Cash and cash equivalents, beginning of period 969,676 2,583,833
Cash and cash equivalents, end of period 383,029 643,968
Supplemental schedule of cash flow information    
Cash paid for interest 615,974 673,695
Cash paid for taxes 6,319 6
Non-cash investing & financing activities    
Operating lease right-of-use asset obtained in exchange for new operating lease liabilities 348,825
Non-cash debt issuance for acquisition of Station 2 assets 333,953
Accrued dividends 17,700 17,700
Non-cash extinguishment of debt for Trees MLK Assets $ 264,639