v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss from continuing operations $ (17,518,873) $ (7,039,604)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization of intangible assets 94,443 611
Amortization of operating lease right-of-use asset 64,388 122,553
Stock-based compensation and service expense 1,816,462 521,509
(Income) loss from equity method investment (392,677) 846,588
Distribution of earnings from equity method investment 611,888
Amortization of debt issuance costs and debt discount 1,136,412 1,291,814
Change in fair market value of derivative liability (538,213) (374,365)
Impairment of laboratory equipment 111,033
Debt modification charge 688,794
Loss on extinguishment of debt 9,076,587
Changes in operating assets and liabilities:    
Security deposit 17,491
Prepaid expense and other assets (22,299) (106,999)
Accrued liabilities and other payables 1,750,047 (1,205,676)
Accrued liabilities and other payables - related parties (14,051)
Operating lease obligation (64,388) (122,553)
NET CASH USED IN OPERATING ACTIVITIES FROM CONTINUING OPERATIONS (4,580,620) (4,668,458)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Payment for equity interest purchase (100,000)
Cash acquired on acquisition 14,026
Proceeds from sale of equity method investment 1,069,000
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES FROM CONTINUING OPERATIONS 1,083,026 (100,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of convertible debt and warrants 3,367,750
Proceeds from issuance of convertible debt 200,000
Payments of convertible debt issuance costs (282,700)
Repayments of convertible debt (3,388,222)
Repayments of loan payable - related party (400,000)
Proceeds from stock subscription liability 150,000
Advance from pending sale of noncontrolling interest in subsidiary 49,972 2,122,392
Proceeds from issuance of convertible preferred stock 300,000 3,500,000
Payments of convertible preferred stock issuance costs (10,000)
Proceeds from issuance of bridge loan 300,000
Proceeds from issuance of common stock and warrants 475,500
Payments of offering costs (64,652)
Proceeds from equity offering 2,857,852
Disbursements for equity offering costs (138,405)
NET CASH PROVIDED BY FINANCING ACTIVITIES FROM CONTINUING OPERATIONS 1,400,820 7,638,667
DISCONTINUED OPERATIONS    
Net cash used in operating activities from discontinued operations (407,434) (289,965)
Net cash used in investing activities from discontinued operations (35,865)
NET CASH FLOWS USED IN DISCONTINUED OPERATIONS (443,299) (289,965)
EFFECT OF EXCHANGE RATE ON CASH - CONTINUING OPERATIONS (9,018) 1,447
NET (DECREASE) INCREASE IN CASH (2,549,091) 2,581,691
CASH - beginning of year 2,658,182 76,491
CASH - end of year 109,091 2,658,182
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 916,643 1,088,512
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for future services 8,530
Common stock issued for accrued liabilities 42,385 60,000
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 26,800 320,546
Equity method investment payable paid by a related party 566,667
Reclassification of deferred offering costs 175,136
Settlement of derivative liability 176,529 2,354
Issuance of common stock upon cashless exercise of stock warrants 43 4
Initial ROU asset and lease liability 127,486
Conversion of convertible note payable and accrued interest into common stock 2,244,622
Deferred financing costs in accrued liabilities 45,000
Legal fees recorded to receivable from sale of equity method investment 50,000
Reclassification of related party loan payable and accrued expenses to advance from related party 500,000
Shares issued for adjustments for 1:15 reverse split 21
Bridge loan issuance costs in accrued liabilities 18,846
Common stock issued as convertible note payable commitment fee included in accrued liabilities $ 138,000

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