XML 11 R2.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 210,446 $ 244,771
Accounts receivable, net 1,037,640 260,841
Prepaid expenses 19,599 23,146
Other current assets 3,250
Total current assets 1,270,935 528,758
Non-current assets    
Property and equipment, net 1,304,811 699,688
Intangible assets, net 3,396,008 536,971
Goodwill 3,573,396
Right of use assets 10,948,291 9,920,592
Right of use assets – related party 7,538,237
Deposits paid 512,106 472,393
Total non-current assets 27,272,849 11,629,644
Total assets 28,543,784 12,158,402
Current liabilities    
Accounts payable and accrued liabilities 1,255,509 764,255
Bank loans 226,001
Assumed liability 686,236
Convertible notes, net of discounts 4,032,329 3,973,245
Short-term notes, net 2,718,001 2,575,123
Promissory note 375,000 405,000
Receivables funding, net 791,686 516,247
Related party advance, net 271,579 264,966
Government assistance loans 15,216 15,088
Operating lease liability 498,381 299,102
Operating lease liability -related party 410,826
Finance lease liability 9,156 9,829
Related party payables 1,527,467 633,318
Stock subscription liability 198,600 198,600
Total current liabilities 13,015,987 9,654,773
Non-current liabilities    
Bank loans 4,121,391
Assumed liability 906,609
Note payable – related party 83,053
Government assistance loans 6,073 6,149
Operating lease liability 10,832,204 9,949,454
Operating lease liability – related party 7,150,459
Finance lease liability 5,054 6,593
Deferred taxation 766,618
Total non-current liabilities 23,871,461 9,962,196
Total liabilities 36,887,448 19,616,969
Stockholders’ deficit    
Preferred stock - Series A; $0.01 par value, 10,000,000 authorized, 4,765,000 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively. 47,650 47,650
Common stock - $0.01 par value, 10,000,000,000 shares authorized;  7,726,283,805 and 7,729,053,805 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively. 77,262,839 77,290,539
Additional paid-in capital 25,013,783 24,986,083
Discount for shares issued below par value (65,363,367) (65,363,367)
Accumulated deficit (45,304,569) (44,419,472)
Total stockholders’ deficit (8,343,664) (7,458,567)
Total liabilities and stockholders’ deficit $ 28,543,784 $ 12,158,402