XML 22 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 164,431 $ 20,773
Accounts receivable, net 44,067 74,833
Due from factor, net 390,186 337,811
Inventory 3,823,940 4,849,600
Prepaid expenses and other current assets 274,643 276,670
Total current assets 4,697,267 5,559,687
Property, equipment and software, net 24,089 55,509
Goodwill 8,973,501 8,973,501
Intangible assets, net 6,120,039 9,982,217
Deposits 75,431 75,431
Right of use asset 689,688
Total assets 19,890,327 25,336,033
Current liabilities:    
Accounts payable 6,424,661 7,538,902
Accrued expenses and other liabilities 5,257,102 4,758,492
Convertible note payable, net 100,000 100,000
Accrued interest payable 2,328,078 1,996,753
Loan payable, current 2,798,116 2,325,842
Promissory note payable, net 3,500,000 4,884,592
Right of use liability, current portion 1,210,814
Total current liabilities 20,819,878 23,215,407
Loan payable 150,000 150,000
Deferred tax liability 248,990 368,034
Total liabilities 21,218,868 23,733,441
Commitments and contingencies
Stockholders’ equity (deficit):    
Common stock, $0.0001 par, 1,000,000,000 shares authorized, 838,584 and 22,285 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively 83 110
Additional paid-in capital 125,772,412 115,596,929
Accumulated deficit (127,101,038) (113,994,449)
Total stockholders’ equity (deficit) (1,328,541) 1,602,592
Total liabilities and stockholders’ equity (deficit) 19,890,327 25,336,033
Undesignated Preferred Stock [Member]    
Stockholders’ equity (deficit):    
Preferred stock, value
Series A Convertible Preferred Stock [Member]    
Stockholders’ equity (deficit):    
Preferred stock, value 1 1
Series C Convertible Preferred Stock [Member]    
Stockholders’ equity (deficit):    
Preferred stock, value 1 1
Related Party [Member]    
Current liabilities:    
Due to related parties $ 411,921 $ 400,012