v3.25.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ (9,798,083) $ 3,131,055
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Gain on bargain purchase (1,875,150)
Net loss on asset disposals 3,677,500
Gain on disposition of business (100)
Fair value of vested stock options 65,460 386,530
Goodwill impairment 751,421
Fixed asset impairment 738,913
Depreciation 1,868,997 1,781,573
Changes in operating assets and liabilities:    
Accounts receivable 3,970,553 (6,204,026)
Unbilled receivables 5,788
Contract assets 92,956 (247,310)
Prepaid expenses and other current assets 86,601 (114,440)
Accounts payable (3,157,453) 3,480,206
Accrued expenses 96,045 101,283
Deposits 1,442 (1,084)
Deposits from discontinued operations 8,534
Net cash provided by (used in) operating activities (1,591,426) 438,637
Cash flows from investing activities:    
Equipment purchases (1,118,664)
Cash paid in consideration for Collins Building acquisition (1,000,000)
Long-term debt issued for Collins Building acquisition (4,035,250)
Cash paid for acquisition of land (1,008,897)
Net proceeds from sale of assets 270,000
Net insurance proceeds from casualty loss 160,000
Net proceeds from disposition of Graphium Biosciences 100
Net cash provided by/(used in) investing activities 430,100 (7,162,811)
Cash provided by financing activities:    
Issuance of shares for cash 1,000,000 3,110,000
Proceeds from notes issued in acquisition of Collins Building 4,035,250
Proceeds from long-term debt 564,014
Repayment of long-term debt (1,448,188) (1,650,659)
Proceeds from (repayment of) line of credit (400,000) 2,400,000
Net cash provided by/ (used in) financing activities (848,188) 8,458,605
Net increase (decrease) in cash and cash equivalents (2,009,514) 1,734,431
Cash and cash equivalents - beginning of period 2,176,800 442,369
Cash and cash equivalents - end of period 167,286 2,176,800
Cash paid during the period for:    
Interest 486,515 506,424
Income taxes 77,368
Supplemental schedule of non-cash investing and financing activities:    
Debt forgiveness related to asset surrender to CNH Capital 1,012,375
Debt forgiveness related to Collins Building asset disposal $ 2,940,836