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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:        
Net income (loss) $ (1,169,519) $ 4,448,892 $ (3,718,245) $ 6,389,855
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Depreciation and amortization     1,187,373 1,218,430
Amortization of debt issuance costs     500,000 837,750
Amortization of prepaid share-based compensation     34,000 317,104
Share-based compensation     143,201 33,937
Gain on sale of assets     (1,231,774)
Gain on extinguishment of liabilities     (7,427,193)
Gain on forgiveness of earnout (6,100,000)
Changes in assets and liabilities, net of divestiture:        
Accounts receivable     504,904 (224,834)
Inventories     2,094,868 1,117,250
Prepaid expenses and other current assets     216,853 36,282
Accounts payable     164,011 (199,990)
Accrued expenses and other current liabilities     574,478 2,837,843
Discontinued operations     (129,055)
Net cash provided by (used in) operating activities     340,614 (1,163,566)
Cash flows from investing activities:        
Purchases of property and equipment – continuing operations     (2,208) (5,881)
Purchases of property and equipment – discontinued operations     (44,490)
Proceeds from sale of assets of Ferguson Containers, Inc.     307,835
Repayments under loan held-for-investment     136,622
Net cash provided by (used in) investing activities     397,759 (5,881)
Cash flows from financing activities:        
Net borrowings under lines of credit     5,000 575,000
Net proceeds from issuance of common stock     710,454
Repayments under convertible notes payable – related parties     (286,308) (85,767)
Repayments under convertible notes payable     (4,915,000)
Net cash provided by (used in) financing activities     (281,308) (3,715,313)
Net decrease in cash and cash equivalents     457,065 (4,884,760)
Cash and cash equivalents, beginning of the year     239,187 5,247,836
Cash and cash equivalents, end of the period 696,252 363,076 696,252 363,076
Supplemental disclosure of cash flow information:        
Cash paid for interest     795,182 554,240
Cash paid for income taxes    
Issuance of common stock to line of credit holders     60,000
Issuance of common stock to vendors for future services     480,250
Issuance of common stock to employees and directors for settlement of liabilities     318,205
Issuance of common stock to vendors for settlement of liabilities     105,693
Issuance of common stock to noteholders for settlement of accrued interest     1,148,000
Issuance of common stock to noteholders for settlement of cash warrant liabilities     206,779
Forgiveness of interest – related parties   5,400,000 3,006,896
Forgiveness of debt – related parties     5,400,000
Convertible shares under notes payable     99,199
Deconsolidation of assets of Corrugated Business:        
Accounts receivable    
Inventory    
Property and equipment    
Ferguson Containers, Inc. [Member]        
Deconsolidation of assets of Corrugated Business:        
Cash and cash equivalents 125,431 125,431
Accounts receivable 771,162 771,162
Inventory 179,923 179,923
Prepaid expenses and other current assets 144,668 144,668
Property and equipment 641,271 641,271
Accounts payable 168 168
Accrued expenses and other current liabilities $ 36,226 $ 36,226