v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 559,983 $ 680,332
Accounts receivable, net 3,042,377 2,616,929
Prepaid expenses and other current assets 401,554 233,157
Total current assets 4,003,914 3,530,418
Long Term Assets:    
Restricted cash 771,940 711,634
Property and equipment, net 27,784,997 28,128,004
Goodwill 1,076,908 1,076,908
Total Assets 33,637,759 33,446,964
Liabilities:    
Accounts payable and accrued liabilities 7,950,044 6,574,200
Dividends payable 75,600 53,100
Current maturities of long-term debt, net of issuance costs of $16,736 and $17,160, respectively 11,326,024 11,450,406
Lines of credit 708,294 799,752
Other current liabilities 400,000
Total Current Liabilities 21,234,962 19,627,458
Long-term debt, net of issuance costs of $426,832 and $434,776. respectively 18,696,749 19,132,862
Lease security deposit 102,800 96,900
Total Liabilities 40,034,511 38,857,220
Commitments and Contingencies
Deficit:    
Common stock - $0.05 par value; 800,000,000 shares authorized, 3,067,059 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 153,352 153,352
Additional paid-in capital 13,852,028 13,852,028
Accumulated deficit (21,178,132) (20,191,636)
Total Selectis Health, Inc. Stockholders’ Deficit (6,396,752) (5,410,256)
Total Liabilities and Stockholders’ Deficit 33,637,759 33,446,964
Series A Preferred Stock [Member]    
Deficit:    
Preferred stock value 401,000 401,000
Series D Preferred Stock [Member]    
Deficit:    
Preferred stock value 375,000 375,000
Related Party [Member]    
Liabilities:    
Short-term debt, related parties $ 775,000 $ 750,000