v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net Loss $ (3,200,138) $ (4,718,142)
Adjustments to reconcile net loss to net cash from operating activities:    
Gain on sale of warehouse (3,181,706) 0
Bad debt expense 4,852 26,631
Inventory reserve 211,014 0
Depreciation expense 73,611 167,983
Unrealized (gain) or loss on marketable equity securities 12,075 (8,033)
Realized loss on marketable equity securities 0 2,002
Stock-based compensation - shares 417,293 431,813
Stock based compensation - options 147,975 515,490
Compensation cost related to sale of common shares to related parties 340,000 0
Fair value of shares issued as commitment fee 250,000 0
Changes in operating assets and liabilities:    
Accounts receivable 3,092 38,154
Accounts receivable - related party 0 34,507
Inventories (55,014) (178,299)
Other receivable 20,407 (20,519)
Prepaid expenses (13,075) 54,029
Deposit (41,825) 8,336
Operating lease right-of-use asset 87,869 325,329
Accounts payable and accrued liabilities 272,841 168,026
Other current liabilities 42,345 19,363
Lease liabilities (88,735) (342,732)
Other liabilities (12,335) 0
Net cash flows used in operating activities from continuing operations (4,709,454) (3,476,062)
Net cash flows provided by (used in) operating activities from discontinuing operations 52,700 (52,700)
Net cash used in operating activities (4,656,754) (3,528,762)
Cash flows from investing activities:    
Purchase of property and equipment (18,687) (20,620)
Purchase of marketable securities 0 (43,644)
Proceeds from sales of marketable securities 0 118,410
Proceeds from sales of property 7,145,808 0
Net cash flows provided by investing activities 7,127,121 54,146
Cash flows from financing activities:    
Proceeds from third party loan 350,000 0
Proceeds from related party loan 1,101,000 1,000,000
Repayment on related party loan (2,101,000) 0
Repayment on third party loan (350,000) 0
Stock issued for placement agent 1,086,000 0
Stock issued for private placement 1,290,000 0
Purchase of treasury stock (669,906) (1,434,048)
Net cash flows provided by (used in) financing activities 706,094 (434,048)
Effect of exchange rate (15,397) (6,508)
Net change in cash 3,161,064 (3,915,172)
Cash beginning of year 428,254 4,343,426
Cash end of year 3,589,318 428,254
Supplemental cash flow disclosure:    
Cash paid for income taxes 0 0
Cash paid for interest 4,209 13,142
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for operating lease liabilities 0 273,041
Cashless exercise of options $ 0 $ 41,401

Source

PDF HTML
10-K Filing
ZIP XLS HTML
XBRL