v3.25.4
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS      
Cash, cash equivalents $ 1,918,454 $ 2,751,386  
Restricted cash 4,311,002  
Advance receivables (net of provision for credit losses of $19,867,174 and $19,034,976 as of September 30, 2025 and December 31, 2024, respectively) 11,011,351 14,542,518 $ 15,281,941
Prepaid expense 512,807  
Other current assets 620,013 109,753 126,599
Due from related parties 45,263 41,307 759
Total current assets 18,418,890 17,444,964 16,556,594
Fixed assets, net 177,852,867 143,806 120,683
Intangible assets, net 3,919,717 705,000
Goodwill 1,219,134 1,219,134
Operating lease right-of-use asset 250,320 352,262 314,970
Other assets 66,845 371 2,288
TOTAL ASSETS 201,727,773 19,865,537 16,994,535
CURRENT LIABILITIES      
Accounts payable and accrued liabilities 6,314,747 1,528,228 652,462
Syndicate payable 4,959,921 5,284,505 5,072,691
Due to related parties - current 1,600,000 1,600,000 122,437
Deferred consideration - current 213,827 207,721
Other current liabilities 281,567  
Operating lease liabilities - current 148,839 146,280 88,009
Total current liabilities 13,518,901 8,766,734 7,435,599
Operating lease liabilities 105,919 203,369 229,848
Due to related parties 1,600,000 4,700,000
Other non-current liabilities 338,586 45,400
Deferred consideration 227,215 351,172
Long-term debt 73,625,000  
Notes payable, net 36,400,527 32,229,267 25,163,642
TOTAL LIABILITIES 124,216,148 43,150,542 37,574,489
Redeemable noncontrolling interest 14,435,532  
Common stock, par value $0.0001 per share; 500,000,000 shares authorized; 190,104,140 and 97,479,734 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively  19,011 9,748 8,755
Paid-in capital 75,958,090 14,315,979 9,154,182
Stock subscription receivable (833,324) (1,770,827) (3,020,831)
Accumulated deficit (51,228,402) (35,848,153) (26,726,777)
Accumulated other comprehensive income 5,151 2,671
Non controlling interest 39,148,145  
Total stockholders' deficit 63,076,093 (23,285,005) (20,579,954)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 201,727,773 19,865,537 16,994,535
Preferred Class A [Member]      
CURRENT LIABILITIES      
Preferred Stock, Value, Issued 6,422 3,702 2,842
Preferred Class B [Member]      
CURRENT LIABILITIES      
Preferred Stock, Value, Issued 1,000  
Preferred Class C [Member]      
CURRENT LIABILITIES      
Preferred Stock, Value, Issued $ 1,875 $ 1,875