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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
OPERATING ACTIVITIES:    
Net loss [1] $ (11,890,843) $ (18,482,880)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization [1] 1,135,228 1,492,261
Change in allowance for credit losses [1] 15,425
Loss on disposal of assets [1] 2,073
Loss on notes receivable settlement [1] 10,931
Loss on vendor settlement [1] 91,291
Issuance common stocks for services [1] 150,000
Gain on sale of building [1] (205,146)
Amortization of right-of-use asset [1] 2,475,136 2,590,325
Loss on investment [1] 1,336 8,485
Write-down of obsolete and slow-moving inventory [1] 1,966,472 2,471,653
Stock-based compensation expense [1] 4,619,500 3,430,250
Change in contingent consideration [1] (774,900)
Non-cash interest expense [1] 72,250 32,000
Loss on warrant liability extinguishment [1] 1,888,889
Impairment of Goodwill [1] 6,104,000
Changes in operating assets and liabilities:    
Accounts receivable [1] (253,460) (87,781)
Inventories [1] (1,907,935) (2,032,838)
Prepaid expenses and vendor deposits [1] 1,283,098 (177,374)
Due from related party [1] (296,178)
Other current assets [1] 27,898 1,068,610
Other assets [1] 42,347 (145,189)
Accounts payable and accrued liabilities [1] (82,853) 1,974,429
Contract liabilities [1] (156,904) (21,604)
Lease liability [1] (2,374,464) (2,458,303)
NET CASH USED IN OPERATING ACTIVITIES [1] (3,655,629) (4,739,136)
INVESTING ACTIVITIES:    
Payment for acquisition [1] (5,475,000) (750,000)
Proceeds from sale of Saugerties building [1] 749,000
Collection of note receivable [1] 178,294
Purchases of patent [1] (12,500)
Purchases of property and equipment [1] (192,865) (184,349)
NET CASH USED IN INVESTING ACTIVITIES [1] (4,918,865) (768,555)
FINANCING ACTIVITIES:    
Proceeds from acquisition loan [1] 7,500,000
Payments for deferred offering costs [1] (833,767)
Principal payments on loan payable [1] (349,082) (558,095)
Proceeds from security purchase agreement [1] 1,700,000
Due to related party [1] 486,446
Net transfers to HCWC related to Spin-Off [1] (4,650,389)
Payment for series E preferred stock redemption [1] (12,003,753)
Payment of induced conversions of preferred stock [1] (152,500)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES [1] 4,686,975 (13,548,115)
NET DECREASE IN CASH AND RESTRICTED CASH [1] (3,887,519) (19,055,806)
CASH AND RESTRICTED CASH — BEGINNING OF YEAR [1] 5,634,318 24,690,124
CASH AND RESTRICTED CASH — END OF YEAR [1] 1,746,799 5,634,318
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest [1] 497,028 205,449
Cash paid for income tax [1]
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Issuance of common stock in connection with series E preferred stock conversion [1] 1,585,000
1% stated value reduction on preferred stock redemption [1] 22,222
Non-cash deferred offering cost [1] 335,001
Issuance of promissory note in connection with acquisition [1] 718,000
Lease acquired [1] $ 4,609,608 $ 1,325,409
[1] The cash flows related to discontinued operations have not been segregated. Accordingly, the Consolidated Statements of Cash Flows include the results of continuing and discontinued operations. See Note 2 for cash flows related to Discontinued Operations.