XML 37 R26.htm IDEA: XBRL DOCUMENT v3.25.3
DISCONTINUED OPERATIONS (Tables)
 9 Months Ended
Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
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    -