v3.24.3
Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Operating activities        
Net loss $ (13,339,363) $ (7,044,320) $ (10,471,889) $ (17,505,765)
Adjustments to reconcile net loss to net cash used in operations:        
Depreciation expense 810,451 829,137 1,108,186 1,769,621
Impairment of fixed assets 13,422 105,506 258,114
Impairment of goodwill and other intangible assets     2,636,402
Amortization of bond premium and realized loss on investments in debt securities 34,556 34,556 52,096
Amortization of operating lease - right-of-use asset 175,956 167,181 224,388
Amortization of operating lease - right-of-use asset - related party 55,791 30,160
Amortization of debt discount 2,573,317 755,457 1,403,244
Amortization of intangible assets       482,064
Bad debt expense 41,836 83,564 83,564 17,489
Warrants issued for services rendered    
Stock issued in connection with loan interest expense - related party 677,550    
Stock issued for services 187,968 200,592 309,781 717,759
Stock issued for services - related parties 268,667 488,697 1,215,365 694,524
Default penalty interest expense 4,475,565    
Loss on debt extinguishment - related party 907,500 291,000
(Increase) in:        
Accounts Receivable (404,030) (643,005) (509,212) (688,425)
Inventory 31,372 (32,023) 17,191 (104,905)
Prepaids and other 28,435 (28,578) 108,442 (147,845)
Deposits (280) 3,674
Increase in:        
Accounts payable and accrued expenses 36,552 (114,855) (411,204) 677,114
Accounts payable and accrued expenses - related party 243,703 31,815 72,428
Operating lease liability (180,024) (167,605) (230,014) 24,240
Operating lease liability - related party (53,335) (28,563)
Net cash used in operating activities (3,448,667) (5,439,667) (6,643,397) (11,599,581)
Investing activities        
Proceeds from sale of marketable debt securities 2,130,116 2,130,116 1,151,186
Cash Paid to EzFill Holdings, Inc.     (321,250)
Advances - related party (17,150)    
Acquisition of vehicle (38,554) 19,498 40,616 (3,258,417)
Net cash used in investing activities (55,704) 2,149,614 2,170,732 (2,428,481)
Financing activities        
Proceeds from line of credit     1,000,000
Proceeds from issuance of Series B - convertible preferred stock - related party 1,400,000    
Proceeds from notes payable 250,000 250,000 250,000 2,191,308
Borrowings on debt - related party 3,300,000 3,321,100 4,590,600
Proceeds from stock issued for cash 25,308 25,308
Cash paid for direct offering costs (25,308) (25,308)
Repayments on line of credit (1,000,000) (1,000,000)
Repayments on notes payable (844,429) (680,110) (945,243)
Repayments on loan payable - related party (262,500) (262,500) (657,719)
Net cash provided by financing activities 4,105,571 1,628,490 2,632,857 2,533,589
Net increase (decrease) in cash 601,200 (1,661,563) (1,839,808) (11,494,473)
Cash and cash equivalents - beginning of year 226,985 2,066,793 2,066,793 13,561,266
Cash and cash equivalents - end of year 828,185 405,230 226,985 2,066,793
Supplemental disclosure of cash flow information        
Cash paid for interest 185,742 99,427 178,944 101,075
Cash paid for income taxes
Supplemental disclosure of non-cash investing and financing activities        
Debt discount in connection with notes payable     1,621,650
Realized gains on sale of investments in debt securities - elimination of AOCL     44,590  
True up notes payable and vehicle balances for actual borrowings     24,664
Right-of-use asset obtained in exchange for new operating lease liability – related party     316,557
Conversion of debt - related party - Series A, preferred stock 3,630,000    
Conversion of debt - related party - common stock 9,322,500    
Conversion of accrued interest - related party - common stock 474,196      
Debt discount (OID) in connection with the issuance of notes payable - related party 2,020,387 583,750    
Series A and B - preferred stock dividends - payable in common stock 84,834    
Adjust note balance for actual borrowings 280,664    
Conversion of notes and accrued interest receivable in exchange for EZFL common stock - related party 3,630,000      
Next NRG Holding Corp [Member]        
Operating activities        
Net loss 1,064,763 (366,007) (596,039) (13,715)
Adjustments to reconcile net loss to net cash used in operations:        
Accretion Income   (178,525)
Imputed Interest – Related Party 742 23,333 74,559 1,732
Depreciation expense 14,394 5,555 9,992
Amortization of debt discount 1,473,660    
Amortization of intangible assets 335,001    
Default investment income - related party (3,266,816)    
Acquisition of marketable securities - related party (2,025,602)    
Recognition of stock based compensation (Series A and B common stock) 1,332,188    
Unrealized gain on marketable securities - related party (877,440)    
(Increase) in:        
Note receivable – related party (64,205) (55,538) (1,556)
Accrued interest receivable - related party (336,366)    
Increase in:        
Accounts payable and accrued expenses 124,723 18,444 68,525 2,632
Accounts payable and accrued expenses - related party 1,000,422    
Project Deposit (50,000)    
Net cash used in operating activities (1,210,331) (382,880) (677,026) (10,907)
Investing activities        
Cash Received from NR- The Farkas Group     73,579
Cash Paid to EzFill Holdings, Inc. (1,550,000) (2,350,000)
Purchase of fixed assets (4,706) (88,734)    
Escrow Deposit on Future Acquisition     (250,000)
Acquisition of non-marketable securities - related party (1,400,000)      
Advances - related party (3,630,000) (1,375,000)    
Acquisition of vehicle     (88,734)
Net cash used in investing activities (6,584,706) (1,463,734) (2,615,155)
Financing activities        
Proceeds from notes payable 5,000,000    
Borrowings on debt - related party 6,778,350 2,900,000 3,835,000
Proceeds from advances payable - related party      
Proceeds from issuance of Series X preferred stock - related party 1    
Repayments on notes payable (4,444,218)    
Net cash provided by financing activities 7,334,133 2,900,000 3,835,000
Net increase (decrease) in cash (460,903) 1,053,386 542,819 (10,907)
Cash and cash equivalents - beginning of year 544,276 1,457 1,457 12,364
Cash and cash equivalents - end of year 83,373 1,054,843 544,276 1,457
Supplemental disclosure of cash flow information        
Cash paid for interest 689,797
Cash paid for income taxes
Supplemental disclosure of non-cash investing and financing activities        
Debt discount in connection with notes payable 2,376,250    
Acquisition of Stat-EI, Inc. 3,700,000    
Original issue discount on notes receivable - related party 330,000    
Conversion of notes and accrued interest receivable in exchange for EZFL common stock - related party $ 9,800,449