v3.25.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (2,821,471) $ (2,392,657)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 4,890 10,096
Amortization of debt discount (0) 24,821
Provision for credit losses 112,727 0
Change in estimate for settlement realization rate 0 1,650,474
Conversion and note issuance cost 1,500 1,000
Loss on disposal of assets 12,593 0
Interest included in line of credit 4,292,471 1,953,667
Gain on settlement of forgiveness of debt 0 (78,834)
Share issuance for compensation to directors and officers 28,688 288,600
Share issuance for service rendered 110,000 11,625
(Increase) decrease in:    
Accounts receivable (4,878,236) (3,143,440)
Right of use – assets 209,105 (176,327)
Prepaids and other current assets (17,399) (27,098)
Increase (decrease) in:    
Accounts payable and accrued expense 287,188 (691,072)
Accrued officers’ compensation 169,634 119,999
Accrued interest 228,157 218,174
Right of use – liabilities (203,147) 187,734
Net cash used in operating activities (2,463,300) (2,043,238)
Net cash provided by discontinued operations – operating 0 111,312
FINANCING ACTIVITIES    
Payments to director 0 (120,997)
Repayment of SBA loans (6,579) (4,545)
Net proceeds from line of credit 1,788,727 3,395,204
Payment on convertible notes 0 (105,079)
Payment on note payable (225,000) (50,000)
Payment of dividends on preferred stock (50,000) (100,000)
Net cash provided by financing activities 1,507,148 3,014,583
NET (DECREASE) INCREASE IN CASH (956,152) 1,082,657
CASH, BEGINNING OF PERIOD 1,188,185 866,943
CASH, END OF PERIOD 232,033 1,949,600
SUPPLEMENTARY DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid during the year for interest 8,067 126,732
NON-CASH INVESTING AND FINANCING ACTIVITIES*:    
Common stock issued upon conversion of notes payable 145,871 1,680
Common stock issued upon conversion of preferred stock 4,423 14,158
Series Y preferred stock issued in exchange of convertible notes payable 0 3,755,632
Promissory note payable issued in settlement agreement 0 535,000
Dividends on preferred stock, including accrued dividends on preferred stock $ 810,688 $ 592,202