Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash from operating activities:    
Net loss $ (2,079,663) $ (2,752,309)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 712,388 158,208
Inventory write-off 25,000
Stock based compensation 995,647 159,320
Stock issued for services 50,000 37,500
Amortization of debt discount related to warrant liabilities 269,311
Amortization of operating lease right of use asset - Office Lease 91,142 83,348
Amortization of lease right of use asset - Edge Data Centers 75,633
Changes in assets and liabilities:    
   Accounts receivable (106,053) 866,373
   Accounts receivable - related parties (1,466,191)
   Note receivable (1,875)
   Contract assets (64,684) (270,099)
   Inventory 10,624 23,828
   Prepaid expenses and other current assets (42,467) 57,944
   Accounts payable (271,304) (415,718)
   Accrued expenses 77,879 76,370
   Operating lease obligation - Office Lease (94,956) (82,306)
   Lease obligation - Edge Data Centers 33,680
   Contract liabilities (2,889,411) 26,697
Net cash used in operating activities (4,673,425) (2,032,719)
Cash flows from investing activities:    
    Purchase of patents/trademarks (9,264) (980)
    Purchase of fixed assets (572,359) (8,830)
Net cash used in investing activities (581,623) (9,810)
Cash flows from financing activities:    
   Repayments on financing agreements (136,606) (130,535)
   Repayments of notes payable, related parties (1,000,000)
   Proceeds from common stock issued 3,954,940
   Proceeds from exercise of stock options 107,925
   Stock issuance cost (138,226) (36,188)
   Proceeds from preferred stock issued 2,745,002
Net cash provided by financing activities 2,788,033 2,578,279
Net increase (decrease) in cash (2,467,015) 535,750
Cash, beginning of period 6,266,296 2,441,842
Cash, end of period 3,799,281 2,977,592
Supplemental Disclosure of Cash Flow Information:    
Interest paid 3,865
Taxes paid 15,945
Supplemental Non-Cash Investing and Financing Activities:    
Notes issued for financing of insurance premiums 249,448 272,322
Transfer of inventory to fixed assets $ 49,609