XML 18 R6.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities    
Net Loss from Operations $ (18,346,034) $ (8,463,756)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Depreciation 623,649 616,640
Non-Cash Lease Expenses 423,837 619,913
Impairment of Note Receivable, Goodwill and Investment 683,915 751,922
Gain on Sale of Stock of Subsidiary (384,356)
Foreign Transaction Loss (Gain) 6,243,500 (2,038,986)
Employee Performance Share Expense 840,000
Unrealized Loss (Gain) on Securities Investment 271,002 (423,953)
Unrealized Loss on Securities Investment - Related Party 1,013,093 4,013,059
Realized Loss on Securities Investment 670,536 344,673
Realized Loss on Securities Investment-Related Party 2,438,848
Loss on Equity Method Investment 1,310,915 1,978,142
Changes in Operating Assets and Liabilities, Net of Acquisitions    
Real Estate 857,898
Real Estate Reimbursement Receivable 939,900 (601,996)
Account Receivables (28,492) (62,112)
Prepaid Expense 51,483 29,928
Deposits 200,956 (96,026)
Trading Securities (1,993,298) (1,355,972)
Inventory (7,068) 517
Accounts Payable and Accrued Expenses (1,004,311) (1,458,880)
Deferred Revenue 15,631
Operating Lease Liabilities (338,518) (608,260)
Net Cash Used in Operating Activities (6,374,812) (5,897,249)
Cash Flows from Investing Activities    
Purchase of Fixed Assets (144,842) (35,489)
Purchase of Investment Securities (16,478)
Advance to Related Party (550,000)
Proceeds from Sale of Equity Security Investment to a Related Party 2,613,143
Collection of Advance to Related Parties 467,107
Issuing Loan Receivable (577,285)
Issuing Loan Receivable - Related Party (910,193) (1,118,864)
Collection of Loan Receivable - Related Party 117,804 101,096
Cash Withdrawn from Trust Account for Redemptions 21,102,871
Cash Withdrawn from Trust Account Available to the Company 243,897
Net Cash Provided by Investing Activities 1,675,912 19,616,855
Cash Flows from Financing Activities    
Proceeds from Common Stock Issuance 2,614,983
Buyback Treasury Stock (27,642)
Borrowing from a Commercial Loan 130,261
Repayment to Notes Payable (261,097) (378,960)
Repayment of Class A Common Stock (21,102,871)
Net Cash Provided by (Used in) Financing Activities 2,326,244 (21,351,570)
Net Decrease in Cash and Cash Equivalents and Restricted Cash (2,372,656) (7,631,964)
Effects of Foreign Exchange Rates on Cash and Cash Equivalents (118,280) (493,949)
Cash and Cash Equivalents and Restricted Cash - Beginning of Period 28,183,726 27,889,293
Cash and Cash Equivalents and Restricted Cash- End of Period 25,692,790 19,763,380
Cash and Cash Equivalents 25,584,862 18,932,861
Restricted Cash 107,928 830,519
Total Cash and Restricted Cash 25,692,790 19,763,380
Supplementary Cash Flow Information    
Cash Paid for Interest 2,091 38,248
Cash Paid for Taxes 42,948
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Initial Recognition of ROU / Lease Liability 132,044 597,487
Promissory Notes Received in Exchange for Sale of HWH Common Stock to Investors 16,160,000
Issuance of HWH Common Stock to EF Hutton for Deferred Underwriting Compensation 1,509,375
Conversion of Ketomei Note Payable to Common Stock 310,796
Gain from SHRG Warrants and Convertible Notes $ 87,131 $ 276,095