Investor Relations
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 6 Months Ended | |
|---|---|---|
Jun. 30, 2026 | Jun. 30, 2025 | |
| Condensed Consolidated Statements of Cash Flows (Unaudited) | ||
| Cash flows from operating activities: | ||
| [Net Income (Loss), Including Portion Attributable to Noncontrolling Interest] | $ (3,468,581) | $ 1,182,837 |
| Adjustments to reconcile net loss to cash provided by (used) in operating activities: | ||
| Change in fair value of investment | $ 254,480 | |
| Change in fair value of derivative liability | $ 266,891 | |
| Stock-based compensation | $ 14,806 | $ 5,761 |
| Depreciation and amortization | $ 213,810 | |
| Amortization of right-of-use assets | $ 410,832 | |
| Equity in earnings of unconsolidated entity | $ 132,137 | |
| [Amortization of Debt Issuance Costs and Discounts] | $ 1,595,577 | $ 1,595,577 |
| Gain on partial disposal of interest in subsidiary | $ 6,169,824 | |
| [Foreign currency translation adjustment] | $ (84,734) | |
| Changes in operating assets and liabilities: | ||
| [Increase (Decrease) in Accounts Receivable] | $ (847,502) | |
| [Increase (Decrease) in Inventories] | $ (37,980) | $ (1,594,832) |
| [Increase (Decrease) in Prepaid Expense and Other Assets] | $ 149,515 | $ 136,494 |
| [Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities] | $ 682,795 | $ (1,443,462) |
| [Increase (Decrease) in Interest Payable, Net] | $ 814,011 | $ 782,120 |
| Customer deposits | $ (167,027) | |
| Operating lease liabilities | $ (391,476) | |
| [Cash Provided by (Used in) Operating Activity, Including Discontinued Operation] | $ (727,407) | $ (1,989,306) |
| Cash flows from investing activities: | ||
| [Payments to Acquire Property, Plant, and Equipment] | $ 16,136 | |
| Payment received on note receivable from related party | $ 342,974 | $ 42,162 |
| [Deconsolidation of Simson-Maxwell cash balance] | $ 4,730 | |
| [Cash Provided by (Used in) Investing Activity, Including Discontinued Operation] | $ 342,974 | $ 21,296 |
| Cash flows from financing activities: | ||
| Issuance (repayment) of long-term debt, net | $ 598,536 | $ 1,898,590 |
| Advances from (repayment of) bank credit facility | $ (154,676) | |
| Advance from (repayment to) related party | $ (100,000) | $ 200,000 |
| Proceeds from exercise of warrants | $ 100 | |
| [Repayments of Related Party Debt] | $ 16,170 | |
| [Cash Provided by (Used in) Financing Activity, Including Discontinued Operation] | $ 498,636 | $ 1,927,744 |
| [Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Excluding Exchange Rate Effect, Including Discontinued Operation] | $ 114,203 | $ (40,266) |
| Cash and cash equivalents | ||
| Cash and cash equivalents | ||
| Supplemental Cash Flow Information: | ||
| Cash paid for: | ||
| Interest | $ 9,295 | $ 181,630 |
| Income taxes | ||
| Supplemental Disclosure of Non-Cash Investing and Financing Activities: | ||