v3.25.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Loss from continuing operations $ (19,664,360) $ (22,557,365)
Income (loss) from discontinued operations 2,684,678 (3,725,168)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 513,125 370,289
Direct write off of project development costs 266,129
Direct write off of investments in marketable securities and long-term notes receivable 1,557,534
Amortization of intangible assets 13,668 187,640
Impairment loss 1,566,806 4,418,911
Amortization of deferred license costs 30,589 40,785
Amortization of debt issuance costs 2,297,384 990,043
Amortization of right-of-use asset 971,833 2,433,865
Gain on deconsolidation – SG DevCorp (4,637,013)
Loss on disposition of equity-based investment 320,408
Change in fair value of equity-based investment 6,616,201
Bad debt expense and recoveries 491,388
SGB DevCorp stock issuances 195,000
Common stock issued for services 3,210,631
Stock-based compensation 1,194,597 653,575
Changes in operating assets and liabilities:    
Accounts receivable 77,274 606,315
Contract assets 8,209 25,639
Inventories (314,956) 309,048
Intangible asset (23,921)
Prepaid expenses and other current assets 136,194 378,382
Accounts payable and accrued expenses 748,670 5,543,726
Contract liabilities (770,916) 929,727
Other current liability (5,795)
Lease liability (1,338,557) (2,859,852)
Net cash used in operating activities by continuing operations (9,303,958) (6,805,682)
Net cash provided from operating activities by discontinued operations (1,594,797) 70,665
Cash flows used in investing activities:    
Purchase of property, plant and equipment (90,374) (600,064)
Purchase of intangible asset (71,759)
Cash received from sale of equity-based investment 125,000
Project development costs 76,428 (111,175)
Net cash used in investing activities by continuing operations 111,054 (782,998)
Net cash used in investing activities by discontinued operations (104,352) (81,819)
Cash flows provided by financing activities:    
Proceeds from short-term note payable 7,273,044 3,466,481
Repayment of short term notes payable (5,834,000) (1,204,129)
Proceeds from long-term note payable 710,692
Proceeds from warrant inducement 2,599,081
Issuance of common stock under EP Agreement 28,867
Prefunded warrant exercise 125
Issuance of common stock for cash 3,590,386 394,735
Distribution paid to noncontrolling interest (46,417)
Repurchase of common stock (42,716)
Net cash (used in) provided by financing activities by continuing operations 7,657,503 3,278,646
Net cash (used in) provided by financing activities by discontinued operations 3,596,211 3,753,344
Net (decrease) increase in cash and cash equivalents 361,661 (567,844)
Cash and cash equivalents - beginning of year 14,212 582,056
Cash and cash equivalents - end of year 375,873 14,212
Supplemental disclosure of cash flow information:    
Cash paid during the year for interest 2,090,264 1,534,576
Supplemental disclosure of non-cash operating activities:    
Cash 567,473
Assets held for sale 4,400,361
Prepaid expenses and other current assets 429,331
Property and equipment, net 1,194,117
Project development costs and other assets 91,490
Goodwill 1,810,787
Intangible assets 138,678
Investments in equity-based investments 3,642,607
Accounts payable and accrued expenses 1,600,294
Contingent consideration payable 945,000
Supplemental disclosure of non-cash operating activities:    
Short-term notes payable 6,476,723
Cashless warrant exercise 114 137
Fractional common share adjustment 1
Common stock deemed dividend - inducement 475,713
Common stock deemed dividend - inducement 5,145,883
Conversion of short-term notes payable and accrued interest to common stock 802,086 775,000
Fair value of warrants issued with debt 251,361
Common stock issuance for accounts payable settlement 1,259,681
Additions of property for debt 969,188
Restricted stock units issued 1,510
SG DevCorp Distribution 8,220,004
SG DevCorp. Transactions 448,547
Peak Stock and Warrants Issuances $ 354,329

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