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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,499,539) $ (5,666,801)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 88,959 123,298
Change in straight-line rent receivable 41,257 26,434
Amortization of operating lease right-of-use asset 59,565 62,169
Stock-based compensation and service expense 150,214 867,312
Loss from equity method investments 221,868 3,004
Distribution of earnings from equity method investment 473,253
Impairment of equity method investment 464,406
Amortization of debt issuance costs and debt discount 836,622 91,658
Change in fair market value of derivative liability (211,549) (41,721)
Changes in operating assets and liabilities:    
Rent receivable 112,937 5,512
Security deposit 404
Deferred leasing costs 16,701 16,701
Prepaid expense and other assets (37,839) (37,533)
Accrued liabilities and other payables (150,945) (230,551)
Accrued liabilities and other payables - related parties (51,555) 17,701
Operating lease obligation (47,565) (61,752)
NET CASH USED IN OPERATING ACTIVITIES (1,997,616) (4,359,759)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (22,201)
Payment for equity interest purchase (100,000)
NET CASH USED IN INVESTING ACTIVITIES (100,000) (22,201)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from loan payable - related party 850,000
Proceeds from issuance of convertible debts and warrants 3,367,750 1,425,000
Payments of convertible debts issuance costs (257,700) (164,000)
Repayments of convertible debts (3,100,000)
Proceeds from issuance of balloon promissory note 1,000,000
Payments of balloon promissory note issuance costs (64,436)
Advance from pending sale of noncontrolling interest in subsidiary 2,000,527
NET CASH PROVIDED BY FINANCING ACTIVITIES 2,010,577 3,046,564
EFFECT OF EXCHANGE RATE ON CASH 2,211 (2,323)
NET DECREASE IN CASH (84,828) (1,337,719)
CASH - beginning of period 285,400 1,990,910
CASH - end of period 200,572 653,191
Cash paid for:    
Interest 497,736 266,889
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Common stock issued for future services 177,750
Common stock issued for accrued liabilities 164,871
Reclassification of advances for equity interest purchase to equity method investment 9,000,000
Series B Convertible Preferred Stock issued related to equity method investment 11,000,000
Accrued purchase price related to equity method investment 1,000,000
Warrants issued as convertible notes payable finder’s fee 40,900 11,162
Warrants issued with convertible notes payable recorded as debt discount 438,568 127,654
Common stock issued as convertible notes payable commitment fee 320,546 147,000
Beneficial conversion feature related to convertible note payable 201,595
Convertible debts issuance costs in accrued liabilities 25,000
Deferred financing costs in accrued liabilities 51,363
Equity method investment payable paid by a related party $ 566,667

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