v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (15,940,709) $ (3,499,539)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 88,760 88,959
Credit loss provision 1,650,000
Change in straight-line rent receivable 58,586 41,257
Amortization of operating lease right-of-use asset 33,628 59,565
Stock-based compensation and service expense 761,698 150,214
(Income) loss from equity method investment (392,677) 221,868
Distribution of earnings from equity method investment 473,253
Amortization of debt issuance costs and debt discount 1,123,971 836,622
Change in fair market value of derivative liability (446,816) (211,549)
Loss on extinguishment of debt 9,076,587
Changes in operating assets and liabilities:    
Rent receivable (6,381) 112,937
Security deposit 17,332
Deferred leasing costs 15,877 16,701
Prepaid expense and other assets (254,918) (37,839)
Accrued liabilities and other payables 1,220,868 (150,945)
Accrued liabilities and other payables - related parties (51,555)
Operating lease obligation (33,628) (47,565)
NET CASH USED IN OPERATING ACTIVITIES (3,027,822) (1,997,616)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payment for equity interest purchase (100,000)
Proceeds from sale of equity method investment 95,000
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 95,000 (100,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of convertible debt and warrants 3,367,750
Payments of convertible debt issuance costs (257,700)
Repayments of convertible debt (3,100,000)
Proceeds from stock subscription liability 150,000
Advance from pending sale of noncontrolling interest in subsidiary 149,972 2,000,527
Payments of offering costs (22,336)
NET CASH PROVIDED BY FINANCING ACTIVITIES 277,636 2,010,577
EFFECT OF EXCHANGE RATE ON CASH 409 2,211
NET DECREASE IN CASH (2,654,777) (84,828)
CASH - beginning of period 2,856,309 285,400
CASH - end of period 201,532 200,572
Cash paid for:    
Interest 493,711 497,736
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for future services 34,423
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 40,900
Warrants issued with convertible note payable recorded as debt discount 438,568
Common stock issued as convertible note payable commitment fee 320,546
Beneficial conversion feature related to convertible note payable 201,595
Convertible debts issuance costs in accrued liabilities 25,000
Equity method investment payable paid by a related party 566,667
Settlement of derivative liability 176,529
Issuance of common stock upon cashless exercise of stock warrants 43
Initial ROU asset and lease liability 127,486
Conversion of convertible note payable and accrued interest into common stock 285,113
Deferred financing costs in accrued liabilities $ 62,316

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