CASH FLOW STATEMENT

CONDENSED CONSOLIDATED CASH FLOW STATEMENTS - USD ($)
Dec 31, 2025 Dec 31, 2024
OPERATING ACTIVITIES
Net Income $ -16,057,672.00 $ -22,508,208.00
Depreciation and Amortization $ 972,934.00 $ 1,040,172.00
Stock-Based Compensation $ 1,460,290.00 $ 35,525.00
Change in Working Capital $ -1,147,218.00 $ 3,287,725.00
Net Cash Provided by Operating Activities $ -9,792,223.00 $ -5,959,133.00
INVESTING ACTIVITIES
Capital Expenditure $ -162,204.00 $ -213,147.00
Net Cash Provided by Investing Activities $ 429,253.00 $ -107,665.00
FINANCING ACTIVITIES
Net Cash Provided by (Used for) Financing Activities $ 9,827,729.00 $ 7,286,542.00
OTHER
Free Cash Flow $ -9,954,427.00 $ -6,172,280.00
Income Taxes Paid $ 0.00 $ 0.00
Interest Paid $ 0.00 $ 1,057,138.00
Net Change in Cash $ 496,587.00 $ 1,247,475.00
Cash at End of Period $ 2,904,430.00 $ 2,407,843.00