Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash from operating activities:    
Net loss $ (9,835,031) $ (10,764,457)
Adjustments to reconcile net loss to net cash used in operating activities:    
Impairment of property, plant & equipment 72,872
Depreciation and amortization 2,112,197 2,161,722
Inventory write-off 25,000 126,703
Insurance premium credit (36,040)
Stock based compensation 4,064,389 108,981
Stock issued for services 566,398 165,000
Amortization of debt discount related to warrant liabilities 345,886 184,002
Fair value of warrant liabilities (245,980)
Loss on extinguishment of debt 95,718 (379,626)
Amortization of operating lease right of use asset - Office Lease 377,680 344,757
Amortization of right of use asset - land 6,962
Amortization of lease right of use asset - Edge Data Centers 150,821 50,820
Provision for credit losses, accounts receivable 76,037
Provision for credit losses, note receivable 161,250
Changes in assets and liabilities:    
Accounts receivable (621,204) 982,985
Accounts receivable-related parties (5,009,797)
Lease receivable 19,782
Note receivable (7,500)
Contract assets (105,948) 6,173
Inventory 28,534 52,700
Prepaid expenses and other current assets 164,994 414,091
Accounts payable 3,890,960 374,188
Security deposit 50,000 50,000
Accrued expenses (67,049) 209,138
Operating lease obligation - Office Lease (394,598) (342,206)
Operating lease obligation - land (66)
Financing lease obligations - Edge Data Centers (12,358) 22,055
Contract liabilities, Services and Consulting (423,031) (661,048)
Contract liabilities, Technology Systems (269,302) 4,044,701
Contract liabilities, CN Digital Agreement (1,461,656) (623,173)
Contract liabilities, Technology solutions 1,132,164
Contract liabilities, related parties (8,616,500)
Net cash used in operating activities (13,748,223) (3,488,687)
Cash flows from investing activities:    
Purchase of patents/trademarks (71,572) (9,535)
Purchase of property and equipment (23,663,033) (1,831,763)
Net cash used in investing activities (23,734,605) (1,841,298)
Cash flows from financing activities:    
Repayments on financing agreements (456,718) (430,855)
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 exercises 899,521
Proceeds from common stock issued 53,960,455 3,544,689
Proceeds from exercise of stock options 865,948
Stock issuance costs (3,584,925) (220,183)
Proceeds from shares issued under Employee Stock Purchase Plan 254,001 166,265
Proceeds from preferred stock issued 2,995,002
Net cash provided by financing activities 46,688,761 9,154,439
Net increase (decrease) in cash 9,205,933 3,824,454
Cash, beginning of year 6,266,296 2,441,842
Cash, end of year 15,472,229 6,266,296
Supplemental Disclosure of Cash Flow Information:    
Interest paid 282,826 3,865
Taxes paid 91,457 20,126
Supplemental Non-Cash Investing and Financing Activities:    
Debt discount for warrant liability 625,606
Notes issued for financing of insurance premiums 477,727 434,882
Transfer of inventory to property and equipment 49,609 545,091
Intangible asset acquired with contract liability 11,161,428
Non-cash intangible write-off 8,130,461
Equity Investment - Sawgrass APR Holdings LLC 7,233,000
Right of use asset and liability for Edge Data Centers 2,070,000
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 $ 364,523