Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash from operating activities:    
Net loss $ (6,637,948) $ (7,358,143)
Adjustments to reconcile net loss to net cash used in operating activities:    
Impairment of property, plant & equipment 72,872
Depreciation and amortization 1,962,342 1,472,965
Inventory write-off 25,000
Stock based compensation 3,103,309 281,405
Stock issued for services 134,333 122,500
Amortization of debt discount related to warrant liabilities 345,886 73,601
Fair value of warrant liabilities (245,980)
Loss (gain) on extinguishment of debt 95,718 (379,626)
Amortization of operating lease right of use asset - Office Lease 279,934 255,684
Amortization of right of use asset - land 2,578
Amortization of lease right of use asset - Edge Data Centers 150,821
Changes in assets and liabilities:    
Accounts receivable (27,280) (138,689)
Accounts receivable - related parties (1,797,233)
Lease receivable 11,229  
Note receivable (5,625)
Contract assets (105,948) 32,939
Inventory 26,975 197,777
Prepaid expenses and other current assets 120,434 300,271
Accounts payable (81,030) 1,131,552
Security deposit 50,000 50,000
Accrued expenses 110,458 159,482
Operating lease obligation - Office Lease (291,376) (252,557)
Operating lease obligation - land 1,680
Financing lease obligation - Edge Data Centers (12,358)
Contract liabilities (2,109,964) (1,897,703)
Contract liabilities, related parties (6,462,375)
Net cash used in operating activities (11,031,943) (6,200,147)
Cash flows from investing activities:    
Purchase of patents/trademarks (59,522) (8,105)
Purchase of property and equipment (7,813,557) (1,547,439)
Net cash used in investing activities (7,873,079) (1,555,544)
Cash flows from financing activities:    
Repayments on financing agreements (450,566) (340,232)
Proceeds from notes payable, related parties 2,200,000
Repayments of lease financing (2,150,000)
Repayments of notes payable, related parties (2,200,000)
Proceeds from warrant excercises 899,521
Proceeds from common stock issued 53,960,455 197,011
Proceeds from excercise of stock options 144,777
Stock issuance costs (3,579,166) (78,688)
Proceeds from shares issued under Employee Stock Purchase Plan 114,724 87,348
Proceeds from preferred stock issued 2,995,002
Net cash provided by financing activities 45,840,224 5,959,962
Net increase (decrease) in cash 26,935,202 (1,795,729)
Cash, beginning of period 6,266,296 2,441,842
Cash, end of period 33,201,498 646,113
Supplemental Disclosure of Cash Flow Information:    
Interest paid 191,622 1,596
Taxes paid 41,098 5,432
Supplemental Non-Cash Investing and Financing Activities:    
Debt discount for warrant liability 625,606
Notes issued for financing of insurance premiums 477,727 426,661
Transfer of inventory to property and equipment 49,609 300,000
Intangible asset acquired with contract liability 11,161,428
Transfer of property and equipment to lease receivable 282,772
Non-cash financing activity: Warrants issued as part of equity raise 836,989  
Conversion of series E Preferred stock to common stock 1
Transfer of finance lease asset to property and equipment 1,938,662
Right of use asset and liability for land lease $ 251,016