v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income (loss) including noncontrolling interest $ 8,136,893 $ (526,306) $ 6,681,707 $ (1,147,114)  
Adjustments to reconcile net income (loss) to net cash used in operating activities:          
Depreciation and amortization     346,887 289,818  
Gain from extinguishment of Senior PIK Notes (1,863,834)  
Equity-based compensation, net of forfeitures (9,100,000)   (9,129,890) 46,594  
Gain on legal settlements, net (1,648,377) (1,630,127)  
Amortization of consulting fees paid in common stock     212,590  
Change in fair value of warrants (7,576) (39,170)  
Amortization of debt discounts and debt issuance costs     1,023,464 824,986  
Non-cash interest expense on right-of-use lease obligations     393,595 436,519  
Non-cash interest     939,664 445,426  
RCHI additional purchase price consideration     119,314  
Changes in operating assets and liabilities:          
Accounts receivable, net     (1,670,251) (2,650,119)  
Inventory and supplies     23,158 (4,590)  
Prepaid expenses     (110,631) 1,367  
Other current assets     (40,693) (54,446)  
Accounts payable     896,104 351,336  
Accrued and other liabilities, including related parties’ payables     2,501,228 24,880  
Right-of-use lease obligations     (622,753) (602,546)  
Other liabilities     12,000  
Net cash used in operating activities     (279,224) (3,716,303)  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Purchases of furniture and equipment     (9,374) (14,900)  
Net cash used in investing activities     (9,374) (14,900)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from notes payable, net of issuance costs     1,280,000 1,090,000  
Proceeds from other loans     279,000  
Borrowings on note payable to RHI     2,127,477 2,578,759  
Payments on notes payable to RHI     (2,364,585) (2,543,982)  
Payments on notes payable     (667,841) (111,872)  
Payments on other loans     (235,497) (408,056)  
Proceeds from issuance of preferred stock, net of issuance costs     3,100,875  
Net cash provided by financing activities     139,554 3,984,724  
Net change in cash and cash equivalents     (149,044) 253,521  
Cash and cash equivalents at beginning of period     207,453 68,268 $ 68,268
Cash and cash equivalents at end of period $ 58,409 $ 321,789 $ 58,409 $ 321,789 $ 207,453

Source

10-Q XBRL Zip