Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED BALANCE SHEETS (Unaudited)

v3.25.2
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
 CURRENT ASSETS:    
 Cash $ 1,474,395 $ 6,266,296
 Accounts receivable, net 227,802 109,007
 Accounts receivable, net - related parties 1,247,333 294,434
 Contract assets 730,570 635,774
 Subscription receivable 98,235
 Lease receivable 34,440
 Inventory 509,531 605,356
 Prepaid expenses and other current assets 453,614 176,338
 Total Current Assets 4,775,920 8,087,205
 Inventory - non current, net 196,315 196,315
 Lease receivable, less current portion 245,543
 Property and equipment, net 3,604,910 2,771,779
 Operating lease right of use asset - Office Lease, net 3,843,961 4,028,397
 Financing lease right of use asset - Edge Data Centers, net 1,868,359 2,019,180
 Security deposit 450,000 500,000
 OTHER ASSETS:    
 Equity Investment - Sawgrass APR Holdings LLC 7,233,000 7,233,000
 Intangible Asset, net 8,495,875 9,592,118
 Patents and trademarks, net 145,891 127,300
 Software development costs, net 273,862 403,383
 Total Other Assets 16,148,628 17,355,801
 TOTAL ASSETS 31,133,636 34,958,677
 CURRENT LIABILITIES:    
 Accounts payable 889,326 969,822
 Notes payable - financing agreements 219,834 17,072
 Accrued expenses 554,688 373,251
 Operating lease obligation - Office Lease -current portion 808,516 798,556
 Financing lease obligations - Edge Data Centers - current portion 527,777 367,451
 Notes payable, net of discount - related parties 1,085,139 1,758,396
 Contract liabilities, current 2,870,631 3,188,518
 Contract liabilities, current - related parties 6,116,500 8,616,500
 Total Current Liabilities 13,072,411 16,089,566
 Contract liabilities, less current portion 6,303,392 7,399,634
 Contract liabilities, less current portion - related parties 1,808,250 3,616,500
 Operating lease obligation - Office Lease, less current portion 3,665,016 3,867,042
 Financing lease obligations - Edge Data Centers, less current portion 1,551,920 1,724,604
 Total Liabilities 26,400,989 32,697,346
 STOCKHOLDERS' EQUITY:    
Common stock: $0.001 par value; 500,000,000 shares authorized, 12,321,162 and 8,922,576 shares issued, 12,319,838 and 8,921,252 shares outstanding at June 30, 2025 and December 31, 2024, respectively 12,320 8,921
Additional paid-in-capital 84,843,468 76,777,856
Accumulated deficit (79,965,703) (74,368,009)
Sub-total 4,890,099 2,418,783
Less:  Treasury stock (1,324 shares of common stock at June 30, 2025 and December 31, 2024) (157,452) (157,452)
 Total Stockholders' Equity 4,732,647 2,261,331
 Total Liabilities and Stockholders' Equity 31,133,636 34,958,677
Convertible Series A Preferred Stock [Member]    
 STOCKHOLDERS' EQUITY:    
Preferred stock, value
Convertible Series B Preferred Stock [Member]    
 STOCKHOLDERS' EQUITY:    
Preferred stock, value
Convertible Series C Preferred Stock [Member]    
 STOCKHOLDERS' EQUITY:    
Preferred stock, value
Convertible Series D Preferred Stock [Member]    
 STOCKHOLDERS' EQUITY:    
Preferred stock, value 1 1
Convertible Series E Preferred Stock [Member]    
 STOCKHOLDERS' EQUITY:    
Preferred stock, value 13 14
Convertible Series F Preferred Stock [Member]    
 STOCKHOLDERS' EQUITY:    
Preferred stock, value