Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net Loss $ (1,238,776) $ (3,100,442)
Adjustments to reconcile net loss to net cash from operating activities:    
Gain on sale of building (3,181,706) 0
Bad debt expense 4,459 6,871
Depreciation expense 72,738 127,171
Amortization of intangible assets 0 28,741
Unrealized (gain) loss on marketable equity securities 9,692 (10,463)
Realized loss on marketable equity securities 0 2,002
Gain on bargain purchase 0 (61,747)
Stock-based compensation – shares 322,833 183,004
Stock based compensation related to discount on shares sold to related parties 340,000 0
Stock based compensation – options 110,985 400,208
Changes in operating assets and liabilities:    
Accounts receivable 9,069 25,736
Accounts receivable - related party 0 34,507
Inventories (196,749) (196,201)
Other receivable 20,407 (10,000)
Prepaid expenses (36,480) 69,170
Deposit (41,435) 8,388
Operating lease right-of-use asset 65,364 25,585
Accounts payable and accrued liabilities 114,831 36,830
Other current liabilities (6,496) 33,759
Lease liabilities (80,523) (72,783)
Other liabilities (12,335) 0
Net cash flows used in operating activities from continuing operations (3,724,122) (2,469,664)
Net cash flows provided by (used in) operating activities from discontinued operations 65,221 (133,881)
Net cash flows used in operating activities (3,658,901) (2,603,545)
Cash flows from investing activities:    
Purchase of property and equipment (13,250) (20,294)
Purchase of marketable securities 0 (144,907)
Proceeds from sales of marketable securities 0 219,673
Proceeds from sale of property 7,145,808 0
Net cash flows provided by investing activities 7,132,558 54,472
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 (275,000) 0
Stock issued for placement agent 1,086,000 0
Stock issued for private placement 1,290,000 0
Purchases of treasury stock 0 (1,385,686)
Net cash flows provided by (used in) financing activities 1,451,000 (385,686)
Effect of exchange rate (11,681) 20
Net change in cash 4,912,976 (2,934,739)
Cash beginning of period 428,254 4,343,426
Cash end of period 5,341,230 1,408,687
Supplemental cash flow disclosure:    
Cash paid for income taxes 0 0
Cash paid for interest 112,038 13,142
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use assets obtained in exchange for operating lease liabilities 0 264,641
Cashless exercise of options $ 0 $ 41,401