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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities    
Net loss $ (4,234,357) $ (1,900,148)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Deferred tax expense (benefit) 0 (1,314)
Stock-based compensation expense 944,995 768,030
Equity method income (34,432) (50,684)
Dividends received from equity method investment 33,488 63,798
Impairment of Cost method investment 51,894 0
Loss on sale of asset 34,306 0
Amortization of intangible assets 124,832 0
Net change in:    
Accounts receivable (122,974) 39,277
Inventory 8,125 (58,806)
Prepaids and other current assets (52,389) (142,110)
Accounts payable and other current liabilities 325,706 185,651
Due to joint ventures (9,730) (7,532)
Deferred revenue 60,123 3,000
Due to related parties (480) (39,643)
Net cash used in operating activities (2,870,893) (1,140,481)
Cash Flows from Investing Activities    
Proceeds from sale of intangible assets 45,694 75,000
Purchase of intangible assets 0 (784,000)
Cash paid to acquire businesses (4,261,413) 0
Advances to related parties 0 (9,526)
Investments in joint ventures (67,500) (49,401)
Net cash used in investing activities (4,283,219) (767,927)
Cash Flows from Financing Activities    
Proceeds from sale of common stock 12,104,667 2,010,000
Proceeds from sale of Series A preferred stock 321,500 1,415,000
Payments of preferred dividends (142,239) (105,327)
Payment of contribution to joint venture note payable (215,000) (60,000)
Payments on acquisition note payable 0 (191,170)
Proceeds from notes payable 44,000 108,000
Payments on note payables (3,555) (79,486)
Net cash provided by financing activities 12,109,373 3,097,017
Effect of foreign currency translation 35,543 0
Net Change in Cash 4,990,804 1,188,609
Cash, Beginning of Period 1,710,318 521,709
Cash, End of Period 6,701,122 1,710,318
Cash Paid For:    
Income Taxes 0 0
Interest 7,082 9,805
Non-cash transactions:    
Notes payable issued for asset acquisitions $ 2,439,000 $ 0