XML 134 R4.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]            
REVENUE $ 3,883,105 $ 2,606,653 $ 8,300,038 $ 5,568,224 $ 7,624,584 $ 4,203,112
COST OF REVENUES 3,446,900 1,962,725 7,173,029 4,703,784 6,503,135 4,207,852
GROSS PROFIT (LOSS) 436,205 643,928 1,127,009 864,440 1,121,449 (4,740)
OPERATING EXPENSES            
Salaries and salary related costs 453,174 559,208 1,553,215 1,177,855 1,720,492 475,512
Stock-based compensation 2,278 5,590,485 5,590,486
Professional fees 620,284 1,207,231 2,650,840 2,131,902 3,146,692 265,575
Depreciation and amortization 193,824 426,337 580,529 674,879 505,434
General and administrative expenses 318,470 268,534 1,089,747 682,583 1,074,634 359,175
Intangible asset impairment 5,508,595 5,508,595    
Goodwill impairment 4,853,142 4,853,142 15,669,287 20,364,001
Total operating expenses 11,947,489 2,463,588 16,236,068 25,926,991 32,401,739 1,100,262
OPERATING LOSS (11,511,284) (1,819,660) (15,109,059) (25,062,551) (31,280,290) (1,105,002)
OTHER (EXPENSE) INCOME:            
Change in fair value of derivative liability 23,609 17,500 33,261 41,670
Interest expense, net of interest income (1,520,478) (237,895) (2,764,744) (676,726) (1,380,122) (199,453)
Loss on sale of equipment (88,148) (88,148)    
Gain on forgiveness of note payable         91,803
Gain on sale of customer contracts 370,000 370,000    
Gain on forgiveness of Paycheck Protection Program loans         812,305
Other income (expense), net 2,547 38,047 214,175 141,468 113,212 (166,513)
Loss on extinguishment of convertible debt and issuance of Series B Preferred Stock (806,920) (806,920)    
Loss on extinguishment of convertible debt and issuance of common share rights (116,591,322) (116,591,322)    
Loss on extinguishment of debt and issuance of common share rights         (116,591,322)
Total other (expense) income (2,042,999) (116,767,561) (3,058,137) (117,093,319) (117,724,759) 446,339
Provision for income taxes
Net loss (13,554,283) (118,587,221) (18,167,196) (142,155,870) (149,005,049) (658,663)
DEEMED DIVIDENDS ATTRIBUTABLE TO ACCRETION OF SERIES B PREFERRED STOCK TO REDEMPTION VALUE (145,473) (4,103,849)    
Deemed dividend (862,289) (1,075,000)
Net loss available to common stockholders $ (13,699,756) $ (118,587,221) $ (23,133,334) $ (142,155,870) $ (150,080,049) $ (658,663)
Net loss per share, basic $ (0.06) $ (0.65) $ (0.10) $ (1.05) $ (0.88)  
Net loss per share, diluted $ (0.06) $ (0.65) $ (0.10) $ (1.05) $ (0.88)  
Weighted-average common shares outstanding - basic 222,067,042 181,683,636 222,067,042 135,720,702 170,715,695  
Weighted-average common shares outstanding - diluted 222,067,042 181,683,636 222,067,042 135,720,702 170,715,695