v3.25.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (1,424,886) $ (876,205)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 240,323 170,682
Gain on disposal of fixed asset (50,000)  
Changes in assets and liabilities:    
Accounts receivable 26,371 (94,135)
Inventories (3,759) (4,128)
Other assets 124,219 346,962
Accounts payable and accrued expenses 68,386 26,707
Due to related party 192,876 56,921
Other payables (36,734)
Net cash used in operating activities (863,204) (373,196)
Cash flows from investing activities:    
Purchases of property and equipment (32,622) (356,642)
Net cash used in investing activities (32,622) (356,642)
Cash flows from financing activities:    
Proceeds from borrowings 1,100,000 812,000
Repayments on bank notes payables (1,431,352) (84,130)
Repayments of convertible note (1,200,000)
Repayment of loan payable to financial institutions (30,950) (168,769)
Proceeds from sale of common shares 4,614,000 64,149
Net cash provided by financing activities 3,051,698 623,250
Net increase (decrease) in cash 2,155,872 (106,588)
Cash – beginning of period 1,241,036 1,462,326
Cash – end of period 3,396,908 1,355,738
Cash paid during the periods for:    
Interest 341,347 104,318
Income taxes $ 16,925

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