v3.25.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenue:    
Revenue $ 4,976,618 $ 16,523,080
Cost of revenue:    
Cost of revenue 5,220,695 19,079,436
Gross loss (244,077) (2,556,356)
Operating expenses:    
Payroll and related expenses 4,474,176 6,052,629
General and administrative expenses 3,065,632 6,576,714
Impairment loss 1,566,806 5,976,445
Marketing and business development expense 355,924 587,064
Total 9,462,538 19,192,852
Operating loss (9,706,615) (21,749,208)
Other income (expense):    
Interest expense (3,127,179) (1,430,372)
Interest income 119
Loss on disposition of equity-based investment (320,408)
Change in fair value of equity-based investment (6,616,201)
Other income 106,043 622,096
Total (9,957,745) (808,157)
Loss before income taxes (19,664,360) (22,557,365)
Income tax expense
Loss from continuing operations (19,664,360) (22,557,365)
Income (loss) from discontinued operations 2,684,678 (3,725,168)
Net loss (16,979,682) (26,282,533)
Common stock deemed dividend – reduction in conversion rate (475,713)
Common stock deemed dividend – inducement (5,145,883)
Net loss attributable to common stockholders $ (22,601,278) $ (26,282,533)
Net loss per share. - basic and diluted:    
Basic - continuing operations (in dollars per share) $ (11.78) $ (29.21)
Diluted - continuing operations (in dollars per share) (11.78) (29.21)
Basic - discontinued operations (in dollars per share) 1.25 (4.82)
Diluted - discontinued operations (in dollars per share) 1.25 (4.82)
Basic (in dollars per share) (10.53) (34.03)
Diluted (in dollars per share) $ (10.53) $ (34.03)
Weighted average shares outstanding:    
Basic 2,145,790 772,261
Diluted 2,145,790 772,261
Construction services    
Revenue:    
Revenue $ 4,976,618 $ 16,523,080
Cost of revenue:    
Cost of revenue $ 5,220,695 $ 19,079,436

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