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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOW FROM OPERATING ACTIVIITES    
Net loss $ (2,258,944) $ (682,297)
Adjustments to reconcile net loss to net cash used in operating activities    
Provision for (recovery of) bad debt expense (7,207)
Depreciation and amortization [1] 304,942 119,826
Change in fair value of derivative liability and derivative expense (17,500)
Amortization of discounts and convertible options on debt 180,311 4,664
Changes in assets and liabilities    
Accounts receivable 42,956 54,770
Prepaid expenses and other current assets 29,976 6,876
Other receivables 7,351 (2,100)
Inventory (74,919)
Other assets (502,500)
Right-of-use asset 101,854 21,594
Accounts payable, accrued expenses and deferred taxes 1,143,160 81,120
Customer deposits 297,143
Accrued payroll and payroll taxes 16,282 21,032
Operating lease liability (85,380) (22,944)
Net cash used in operating activities (822,475) (397,459)
CASH FLOWS FROM INVESTING ACTIVITES    
Acquisition of fixed assets (734,923) (50,050)
Net cash used in investing activities (734,923) (50,050)
CASH FLOWS FROM FINANCING ACTIVITES    
Subscription receivable 200,000
Proceeds from issuance of warrants 650,001
Proceeds from convertible notes 150,000
Proceeds from convertible notes – related parties 50,000
Proceeds from notes payable 675,493 512,470
Repayments of notes payable (328,247) (238,848)
Proceeds from notes payable – related parties 290,000
Repayment of notes payable – related parties (30,000)
Net cash provided by financing activities 1,457,247 473,622
NET INCREASE (DECREASE) IN CASH (100,151) 26,113
CASH – BEGINNING OF PERIOD 103,578 26,650
CASH – END OF PERIOD 3,427 52,763
CASH PAID DURING THE PERIOD FOR:    
Interest expense 172,116 78,770
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Settlement of note payable $ 170,000
[1] Depreciation and amortization expense of $112,076 and $113,407 for the three months ended March 31, 2024 and 2023, respectively is classified as cost of services on the consolidated income statement and included in the Trucking Segment depreciation and amortization because it is information reviewed by the CODM