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DISCONTINUED OPERATIONS (Tables) | 9 Months Ended
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Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract] |
SCHEDULE OF DISCONTINUED OPERATIONS | SCHEDULE OF DISCONTINUED OPERATIONS
|  | September 30, 2025 |  |  | December 31, 2024 |
Assets |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |
Accounts receivable, net |  | $ | 8,700 |  |  | $ | - |
Prepaids |  |  | 91,417 |  |  |  | 101,334 |
Current assets related to discontinued operations |  |  | 100,117 |  |  |  | 101,334 |
Long-term assets |  |  |  |  |  |  |  |
Intangible assets, net |  |  | - |  |  |  | 17,525,681 |
Investment in equity securities |  |  | - |  |  |  | 2,084,278 |
Long-term assets related to discontinued operations |  |  | - |  |  |  | 19,609,959 |
Total assets |  | $ | 100,117 |  |  | $ | 19,711,293 |
Liabilities |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |
Accrued royalties and expenses |  | $ | 309,955 |  |  | $ | 356,630 |
Accrued bonuses and commissions |  |  | 1,782,187 |  |  |  | 694,190 |
Current liabilities related to discontinued operations |  |  | 2,092,142 |  |  |  | 1,050,820 |
Total liabilities |  | $ | 2,092,142 |  |  | $ | 1,050,820 |
The assets and liabilities included in discontinued operations represent balances that are expected to be collected and expenses to be paid as part of the winding down of the THP segment. The following table provides the operating results of discontinued operations for the three and nine months ended September 30, 2025 and 2024.
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Net revenue |  | $ | 35,376 |  |  | $ | - |  |  | $ | 61,958 |  |  | $ | - |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling, general, and administrative expenses |  |  | 3,970,593 |  |  |  | 1,572,908 |  |  |  | 8,200,870 |  |  |  | 2,689,811 |
Research and development |  |  | 410,948 |  |  |  | 575,690 |  |  |  | 775,406 |  |  |  | 1,346,216 |
Depreciation and amortization |  |  | 428,029 |  |  |  | 406,966 |  |  |  | 1,284,092 |  |  |  | 1,220,984 |
Change in fair value of earnout liabilities |  |  | - |  |  |  | 147,000 |  |  |  | - |  |  |  | 82,000 |
Asset impairment charge |  |  | 26,472,407 |  |  |  | - |  |  |  | 26,472,407 |  |  |  | - |
Total operating expenses |  |  | 31,281,977 |  |  |  | 2,702,564 |  |  |  | 36,732,775 |  |  |  | 5,339,011 |
Operating loss |  |  | (31,246,601 | ) |  |  | (2,702,564 | ) |  |  | (36,670,817 | ) |  |  | (5,339,011 | )
Other expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss on disposal of property and equipment |  |  | - |  |  |  | - |  |  |  | (1,258 | ) |  |  | - |
Total other expense |  |  | - |  |  |  | - |  |  |  | (1,258 | ) |  |  | - |
Net loss from discontinued operations |  | $ | (31,246,601 | ) |  | $ | (2,702,564 | ) |  | $ | (36,672,075 | ) |  | $ | (5,339,011 | )
The following table provides operating, investing and financing cash flow information for discontinued operations for the nine months ended September 30, 2025 and 2024.
|  | 2025 |  |  | 2024 |
|  | Nine Months Ended September 30, |
|  | 2025 |  |  | 2024 |
Operating Activities: |  |  |  |  |  |  |  |
Depreciation and amortization |  | $ | 1,284,092 |  |  | $ | 1,220,984 |
Asset impairment charges |  |  | 26,472,407 |  |  |  | - |
Loss on disposal of property and equipment |  |  | 1,258 |  |  |  | - |
Share-based compensation |  |  | 182,229 |  |  |  | 108,031 |
Change in fair value of earnout liabilities |  |  | - |  |  |  | 82,000 |
Accounts receivable, net |  |  | (8,700 | ) |  |  | - |
Prepaid and other assets |  |  | 9,918 |  |  |  | - |
Accounts payable |  |  | - |  |  |  | (55 | )
Accrued royalties and expenses |  |  | (46,675 | ) |  |  | 167,059 |
Accrued bonuses and commissions |  |  | 1,087,997 |  |  |  | (60,500 | )
Investing Activities: |  |  |  |  |  |  |  |
Purchases of property and equipment |  | $ | (4,372,847 | ) |  | $ | - |
CarePICS acquisition |  |  | (2,122,146 | ) |  |  | - |
Financing Activities: |  |  |  |  |  |  |  |
Payoff of debt assumed in CarePICS acquisition |  | $ | (1,650,000 | ) |  | $ | - |
Supplemental noncash investing and financing activities: |  |  |  |  |  |  |  |
Non-monetary exchange to acquire intangible assets |  | $ | 2,084,278 |  |  | $ | - |
Earnout liability generated by CarePICS acquisition |  |  | 1,355,603 |  |  |  | - |

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