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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (13,502,474) $ (4,815,455)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 1,861 7,440
Stock-based compensation- stock option grants 530,625 273,418
Stock-based compensation- warrants 0 2,136,115
Amortization of operating lease right of use asset 151,091 358,199
Issuance of common stock for services 198,500  
Noncash interest expense 521,582  
Loss from change in fair value of warrant liability (5,304,744) 0
Loss from change in fair value of earnout liability (6,607,923) 0
Loss from change in fair value of convertible note 512,184 0
Loss on note conversions 158,794 0
Changes in operating assets and liabilities:    
Accounts receivable (1,791,217) 40,554
Prepaid expenses and other 11,394 (159)
Other assets 1,901 0
Operating lease liability (124,583) (302,233)
Payroll and income tax receivable (2,410) 962,793
Accounts payable - trade and accrued expenses (1,426,970) (66,397)
Accrued income tax expense 0 (10,000)
Deferred revenue (1,299,813) 678,623
NET CASH USED IN OPERATING ACTIVITIES (4,146,868) (737,102)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from convertible promissory note 0 1,984,582
Proceeds from warrant exercise 293,249 0
Advances from founders, net 800,000 1,100,000
Proceeds from stock option exercises 146,972 0
Repayment of small business loan and line of credit 0 (424,540)
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,240,221 2,660,042
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (2,906,647) 1,922,940
Effect from exchange rate on cash 8,984 41,306
CASH AND CASH EQUIVALENTS, beginning of period 3,124,413 298,614
CASH AND CASH EQUIVALENTS, end of period 226,750 2,262,860
Supplemental disclosures of cash flow information:    
Interest paid 0 5,064
Taxes paid 2,410 14,837
Noncash investing and financing    
Elimination of advances to founders in connection with contribution of Zeppelin by shareholders 0 1,100,000
Elimination of payables to founders in connection with contribution of Zeppelin by shareholders 0 1,100,000
Issuance of common stock for debt interest payment 487,642  
Issuance of common stock for debt conversion 835,610 0
Recognition of warrant liability $ 0 $ 15,418

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