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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net loss $ (68,320,414) $ (47,446,060)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,044,531 848,933
Amortization of debt issuance costs 8,109,078 6,217,053
Impairments of long-lived assets 292,748 1,300,000
Loss on issuance of warrants 46,928,815 25,318,519
Share-based compensation (358,937) 1,504,500
Provision for bad debts 608,356
Gain on disposal 5,897
Changes in assets and liabilities, net of acquisition:    
Accounts receivable (610,398) (443,312)
Inventories (1,322,269) 3,541,152
Prepaid expenses and other current assets 928,237 5,462,405
Accounts payable 343,390 (25,775)
Accrued expenses and other current liabilities 4,560,243 (13,605,160)
Net cash used in operating activities (6,399,079) (16,719,389)
Cash flows from investing activities:    
Purchases of property and equipment (117,387) (105,703)
Purchase of license agreement (358,763) (158,594)
Cash from acquisition of Forever 8 Fund, LLC 732,716
Proceeds from sale of assets 181,000
Net cash (used in) provided by investing activities (295,150) 468,419
Cash flows from financing activities:    
Net proceeds from issuance of common stock 14,798 11,529,152
Net borrowings under lines of credit 4,775,000
Net borrowings under convertible notes 3,360,000 7,000,000
Net repayments under notes payable – related parties (249,507)
Repurchase of common stock from shareholders upon distribution (49,455)
Due to (from) Former Parent 3,028,154
Fees paid to placement agent (560,000)
Fees paid for financing costs (664,389)
Repayments under notes payable – related parties (116,300)
Repayments under notes payable (27,644)
Repurchase of warrants from noteholders (660,000)
Distributions (97,968)
Net cash provided by financing activities 6,361,634 20,920,207
Net increase in cash and cash equivalents and restricted cash (332,595) 4,669,237
Cash and cash equivalents and restricted cash, beginning of the year 5,580,431 911,194
Cash and cash equivalents and restricted cash, end of the year 5,247,836 5,580,431
Supplemental disclosure of cash flow information:    
Cash paid for interest 444,781 203
Cash paid for income taxes
Right of use assets 98,736
Operating lease liabilities 98,736
Convertible shares under notes payable 7,743,333
Issuance of warrants to noteholders and placement agent 4,335,611 3,905,458
Original issue discount 555,000 3,333,333
Accrued placement agent fees for equity placement 480,000
Purchase of property, plant and equipment through settlement of portion of loan held-for-investment 1,775,748
Fair value of preferred units of Forever 8 Fund, LLC issued in the acquisition reflected as additional paid in capital 7,300,000
Convertible shares under notes payable – related party 24,500,000
Accrual for contingent consideration for acquisition of Forever 8 Fund, LLC 6,100,000
Issuance of common stock upon the distribution from Vinco Ventures, Inc. $ 18,805