v3.25.2
Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net loss $ (602,732) $ (593,132)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 6,491 9,056
(Gain) loss on fair value adjustment of convertible debt (30,511) 17,996
Non cash accrued interest expense 108,476 92,200
Changes in assets and liabilities:    
Accounts receivables, net 1,953 63,686
Prepaid expenses and other current assets (2,861) 18,642
Other assets 31,644 9,214
Accounts payable & accrued expenses (96,325) (102,969)
Due to Affiliates 50,000 50,000
Post employment benefits 66,913 127,223
Other liabilities (33,584) 71,033
Net cash used in operating activities (500,536) (237,051)
Cash flows from investing activities:    
Purchase of fixed assets (1,425)
Net cash used in investing activities (1,425)
Cash flows from financing activities:    
Proceeds from issuance of convertible debt 191,253 339,999
Proceeds from issuance of promissory notes – ReShape 600,000
Advance from Affiliates (9,248) 30,942
Net cash provided by financing activities 782,005 370,941
Effect of exchange rate changes on cash and cash equivalents 12 (84)
Net (Decrease)/Increase in cash and cash equivalents 281,481 132,381
Cash and cash equivalents at beginning of the period 101,905 16,646
Cash and cash equivalents at end of the period $ 383,386 149,027
Supplemental non-cash and financing activities:    
Shares issued in settlement of liability to vendor   1,680,210
Exchange of accrued fees to director for stock options   450,000
Exchange of accrued compensation for stock options   $ 665,232