v3.25.4
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash $ 2,751,386 $ 1,147,295
Advance receivables (net of provision for credit losses of $19,034,976 and $16,102,278 as of December 31, 2024 and 2023, respectively) 14,542,518 15,281,941
Due from related party 41,307 759
Other current assets 109,753 126,599
Total current assets 17,444,964 16,556,594
NON-CURRENT ASSETS:    
Goodwill 1,219,134
Fixed assets, net of accumulated depreciation 143,806 120,683
Intangible assets, net of accumulated amortization 705,000
Operating lease right of use asset, net 352,262 314,970
Other assets 371 2,288
Total non-current assets 2,420,573 437,941
TOTAL ASSETS 19,865,537 16,994,535
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 1,528,228 652,462
Notes payable, related party 1,500,000
Syndicate payable 5,284,505 5,072,691
Due to related party - current 1,600,000 122,437
Deferred consideration - current 207,721
Operating lease obligation - current 146,280 88,009
Total current liabilities 8,766,734 7,435,599
NON-CURRENT LIABILITIES:    
Operating lease obligation - noncurrent 203,369 229,848
Other non-current liabilities 45,400
Due to related party - noncurrent 1,600,000 4,700,000
Deferred consideration - noncurrent 351,172
Notes payable, net 32,229,267 25,163,642
Total non-current liabilities 34,383,808 30,138,890
TOTAL LIABILITIES 43,150,542 37,574,489
STOCKHOLDERS’ DEFICIT    
Common stock, par value $0.0001 per share; 500,000,000 shares authorized; 97,479,734 and 87,554,734 shares issued and outstanding as of December 31, 2024 and 2023, respectively 9,748 8,755
Stock subscription receivable (1,770,827) (3,020,831)
Additional paid-in capital 14,315,979 9,154,182
Accumulated other comprehensive gain 2,671
Accumulated deficit (35,848,153) (26,726,777)
Total stockholders' deficit (23,285,005) (20,579,954)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 19,865,537 16,994,535
Preferred Class A [Member]    
STOCKHOLDERS’ DEFICIT    
Preferred Stock, Value, Issued 3,702 2,842
Preferred Class C [Member]    
STOCKHOLDERS’ DEFICIT    
Preferred Stock, Value, Issued $ 1,875 $ 1,875