v3.25.1
Consolidated Statement of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities:    
Net loss $ (14,349,996) $ (7,823,763)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 4,730,355 5,100,474
Amortization and depreciation 1,018,934 73,134
Non-cash lease expense 561,654
Change in fair value of derivatives 1,338,506 (138,985)
Amortization of debt discount and financing fees 649,138 1,016,644
Loss on extinguishment of debt 777,558
Impairment of goodwill 787,438
Noncash interest expense 8,793 44,722
Provision for credit losses 82,324 21,201
Changes in Operating Assets and Liabilities:    
Accounts receivable (174,175) (370,831)
Deposits and prepaid expenses 15,387 45,000
Accounts payable 1,131,817 307,877
Accrued expenses and other 459,952 (239,048)
Contract liabilities 7,747
Security deposits and escrow payable 524,854 69,164
Operating lease liabilities (567,593)
Net Cash Used in Operating Activities (2,997,307) (1,894,411)
Cash Flows from Investing Activities:    
Purchase of property, plant and equipment (5,033)
Cash paid for acquisitions net of cash acquired of $240,470 for acquisitions (63,592) (141,744)
Net Cash Used in Investing Activities (68,625) (141,744)
Cash Flows from Financing Activities:    
Borrowings on bank line of credit 300,508 331,095
Payments on bank line of credit (151,532) (417,736)
Proceeds from notes payable 3,363,228
Payments of deferred debt issuance costs (459,094)
Payments on notes payable (1,027,522) (532,163)
Proceeds from advances on future receipts 1,899,250 500,650
Payments on advances on future receipts (1,121,368) (679,688)
Payments on post-acquisition consideration (150,000)
Distributions to noncontrolling interest (1,377,484)
Payments related to the public offering (1,765,081)
Payments to related party (168,100)
Proceeds from related party   45,413
Payments on convertible debt (70,000)
Proceeds from issuance of preferred stock 1,523,000
Proceeds from issuance of common stock 2,928,685 4,360,000
Withholding tax paid on behalf of employees on stock based awards (1,958) (177,330)
Net Cash Provided by Financing Activities 4,202,713 2,950,060
Net Increase in Cash and Restricted Cash 1,136,781 913,905
Cash and Restricted Cash at Beginning of Period 2,443,827 1,529,922
Cash and Restricted Cash at End of Period 3,580,608 2,443,827
Cash Paid During the Period for:    
Interest 335,425 129,644
Taxes
Non-Cash Activities:    
Derivative liability embedded in debt instruments 269,038 (883,894)
Issuance of 2,812,382 shares of common stock as consideration of acquisitions of businesses 3,601,272
Issuance of 379,428 shares of common stock as consideration of acquisitions of businesses 377,485
Issuance of 1,081,030 shares of common stock as part of the issuance of notes payable 1,076,769
Issuance of 1,495,769 shares of common stock for services rendered 4,730,355
Issuance of 230,202 shares of common stock for accounts payable 150,000
Office leases acquired under operating lease obligations 883,652
Convertible debt and related party debt exchanged for 1,912 shares of Series A Convertible Preferred Stock 1,923,468
Decrease in accounts payable related to deferred offering costs (981,069)
Issuance of 981,676 shares of common stock for beneficial conversion feature of Series A Convertible Preferred Stock 1,472,514
Issuance of 1,393,618 shares of common stock for deferred offering costs 6,968,090
Issuance of 2,750,114 shares of common stock as part of the consideration of acquisitions of businesses 7,266,078
Issuance of 95,000 shares of common stock as part of the repayment of notes payable 475,000
Issuance of 6,566 shares of common stock upon the conversion of convertible debt upon the IPO 26,265
Issuance of 819,000 shares of common stock for services rendered 1,286,180
Settlement of conversion rights 433,894
Reconciliation of Cash and Restricted Cash    
Cash 1,442,901 959,604
Restricted Cash 2,137,707 1,484,223
Cash and Restricted Cash $ 3,580,608 $ 2,443,827