v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,482,111) $ (1,367,513)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 44,428 44,481
Change in straight-line rent receivable 29,288 20,548
Amortization of operating lease right-of-use asset 18,956 29,448
Stock-based compensation and service expense 26,371 45,746
income from equity method investment (392,677) (107,469)
Distribution of earnings from equity method investment 160,788
Amortization of debt issuance costs and debt discount 313,562 272,196
Change in fair market value of derivative liability 114,360 (31,212)
Changes in operating assets and liabilities:    
Rent receivable 113,024
Security deposit 5,473
Deferred leasing costs 8,021 8,350
Prepaid expense and other assets (24,698) (3,739)
Accrued liabilities and other payables 556,057 (14,758)
Accrued liabilities and other payables - related parties (62,151)
Operating lease obligation (18,956) (23,448)
NET CASH USED IN OPERATING ACTIVITIES (1,801,926) (915,709)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sale of equity method investment 95,000
NET CASH PROVIDED BY INVESTING ACTIVITIES 95,000
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of convertible debt and warrants 665,000
Payments of convertible debt issuance costs (72,700)
Repayments of convertible debt (866,000)
Advance from pending sale of noncontrolling interest in subsidiary 219,972 1,210,472
NET CASH PROVIDED BY FINANCING ACTIVITIES 219,972 936,772
EFFECT OF EXCHANGE RATE ON CASH 231 (995)
NET (DECREASE) INCREASE IN CASH (1,486,723) 20,068
CASH - beginning of period 2,856,309 285,400
CASH - end of period 1,369,586 305,468
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 164,500 238,782
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for future services 51,635
Common stock issued for accrued liabilities 42,385
Receivable related to sale of equity method investment 1,745,000
Related party payable extinguished upon sale of equity method investment 632,916
Series B Convertible Preferred Stock extinguished related to sale of equity method investment 11,000,000
Series D Convertible Preferred Stock issued in exchange of Series A Convertible Preferred Stock 9,000,000
Warrants issued as convertible note payable finder’s fee 1,679
Warrants issued with convertible note payable recorded as debt discount 20,374
Common stock issued as convertible note payable commitment fee 42,000
Equity method investment payable paid by a related party 666,667
Settlement of derivative liability 18,853
Issuance of common stock upon cashless exercise of stock warrants 19
Initial ROU asset and lease liability $ 127,486

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