Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net Loss $ (2,757,026) $ (2,680,703)
Adjustments to reconcile net loss to net cash from operating activities:    
Bad debt expense 0 60,570
Inventory reserve 1,644 0
Depreciation expense 10,959 67,354
Unrealized (gain) and loss on marketable equity securities (14,753) 9,155
Stock-based compensation – shares 189,861 229,018
Stock based compensation – options 20,568 73,990
Changes in operating assets and liabilities:    
Accounts receivable 5,434 (63,233)
Inventories (13,943) (213,873)
Other receivable (88,201) 20,394
Deposit 2,593 (2,223)
Prepaid expenses 4,186 (7,203)
Operating lease right-of-use asset 47,360 42,985
Accounts payable and accrued liabilities 91,354 581,135
Other current liabilities (64,638) 45,364
Lease liabilities (83,686) (72,385)
Net cash flows used in operating activities from continuing operations (2,648,288) (1,909,655)
Net cash flows provided by operating activities from discontinued operations 0 187,709
Net cash flows used in operating activities (2,648,288) (1,721,946)
Cash flows from investing activities:    
Purchase of property and equipment (25,091) (9,743)
Net cash flows used in investing activities (25,091) (9,743)
Cash flows from financing activities:    
Proceeds from third party loan 0 350,000
Proceeds from related party loan 0 1,101,000
Repayment on third party loan 0 (125,000)
Stock issued for private placement 381,224 0
Purchases of treasury stock (173,837) 0
Net cash flows provided by financing activities 207,387 1,326,000
Effect of exchange rate (12,125) (9,501)
Net change in cash (2,478,117) (415,190)
Cash beginning of period 3,589,318 428,254
Cash end of period 1,111,201 13,064
Supplemental cash flow disclosure:    
Cash paid for income taxes 3,525 0
Cash paid for interest $ 0 $ 57,218