v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2024
Sep. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (571,352) $ (54,493,913) $ (57,702,015) $ (3,725,454)
Adjustments to reconcile net loss to net cash used in operating activities:        
Goodwill impairment charges   56,675,210 56,675,210  
Allowance for expected credit losses     759,782 32,457
Depreciation and amortization     1,323,467 678
Stock-based compensation 474,251 503,434 896,537 0
Amortization of right-of-use assets     55,459  
Deferred income taxes (1,679,404) (1,679,404) (1,679,404) 1,852,826
Change in fair value of financial instruments     (6,176,097) (90,200)
Loss on issuance of financial instruments   2,213,234 2,513,234  
Shares issued as part of stock grants to vendors     98,000  
Loss on extinguishment of debt   645,979 645,979  
Gain on forgiveness of debt       (107,862)
Amortization of discount on note payable     7,000 93,733
Changes in operating assets and liabilities:        
Accounts receivable 191,774 (228,904) (1,094,190) (246,484)
Due from related party     254,378  
Prepaids and other current assets   (222,156) (202,245) 59,741
Accounts payable and accrued liabilities (2,318,197) (1,183,737) (1,446,302) 1,409,823
Deferred revenue 120,968 (219,413) (414,710) (104,037)
Due to related party     (210,755) 192,184
Operating lease liabilities     (92,870)  
Income tax payable   9,819    
Net cash used in operating activities     (5,789,542) (632,595)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Cash acquired in Business Combination - iDoc     29,123  
Purchases of fixed assets     (55,267) (4,335)
Net cash used in investing activities     (26,144) (4,335)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from reverse recapitalization with DHAC     1,323,362  
Payments on factoring payable     (180,397)  
Payments on September 2024 Convertible Note     (38,889)  
Payments on advances from related party     (47,800)  
Payments on due on acquisition purchase     (5,150)  
Proceeds from loan payable, related party       190,000
Proceeds from share repurchase liability       135,000
Net cash provided by financing activities     6,023,067 525,000
NET CHANGE IN CASH     207,381 (111,930)
Cash, Beginning of Year $ 118,734 $ 118,734 118,734 230,664
CASH, END OF YEAR     326,115 118,734
Supplemental disclosure of cash flow information:        
Cash paid for interest expense     111,331  
Non-cash investing and financing activities:        
Shares issued     66,750  
Escrow shares released from stock payable     127,710  
Net liabilities acquired in reverse merger     19,359,122  
Finance lease payable reclassed from financing activities to accounts payable     407,791  
Shares issued as part of stock grants to vendors     625,750  
Shares issued upon conversion of Working Capital Funds Advances     405,000  
Series A Preferred Stock        
Non-cash investing and financing activities:        
Preferred shares issued as conversion of Underwriting Fee as contemplated by the business combination transaction     4,370,000  
Securities Subject to Mandatory Redemption        
Non-cash investing and financing activities:        
Shares issued as conversion of debt     155,565  
This American Doc        
Non-cash investing and financing activities:        
Shares issued     325,279  
iDoc        
Non-cash investing and financing activities:        
Shares issued     68,907,052  
Shares issued to settled iDoc debt holders     228,000  
iDoc | Series A Preferred Stock        
Non-cash investing and financing activities:        
Shares issued as conversion of debt     300,000  
DHAC        
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from note payable       200,000
DHAC | Series A Preferred Stock        
Non-cash investing and financing activities:        
Shares issued as conversion of debt     1,268,000  
Quantum Convertible Note, related party at fair value        
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from convertible debt     2,700,000  
September 2024 Convertible Note, at fair value        
Adjustments to reconcile net loss to net cash used in operating activities:        
Change in fair value of financial instruments     132,889  
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from convertible debt     2,000,000  
Equity Line of Credit        
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from convertible debt     760,000  
Extension Note        
CASH FLOWS FROM FINANCING ACTIVITIES:        
Repayment of notes payable     (335,750)  
Exchange Note        
Adjustments to reconcile net loss to net cash used in operating activities:        
Change in fair value of financial instruments     (3,527,756)  
CASH FLOWS FROM FINANCING ACTIVITIES:        
Repayment of notes payable     (61,429)  
Non-cash investing and financing activities:        
Shares issued as principal payment of notes     1,177,483  
Additional Bridge Notes        
Adjustments to reconcile net loss to net cash used in operating activities:        
Change in fair value of financial instruments     (273,549)  
CASH FLOWS FROM FINANCING ACTIVITIES:        
Repayment of notes payable     (52,680)  
Non-cash investing and financing activities:        
Shares issued as principal payment of notes     159,881  
Note Payable issued August 3, 2023        
CASH FLOWS FROM FINANCING ACTIVITIES:        
Repayment of notes payable     (38,200)  
VSee Note | Dominion        
Non-cash investing and financing activities:        
Shares issued as conversion of debt     600,000  
Note payable issued January 12, 2023        
Adjustments to reconcile net loss to net cash used in operating activities:        
Amortization of discount on note payable       $ 20,000
Note payable issued January 12, 2023 | Series A Preferred Stock        
Non-cash investing and financing activities:        
Shares issued as conversion of debt     220,000  
ELOC Commitment Fee Note        
Non-cash investing and financing activities:        
Shares issued as conversion of debt     $ 79,500