v3.26.1
DISCONTINUED OPERATIONS
12 Months Ended
Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS

3. DISCONTINUED OPERATIONS

 

In April 2020, the board of Vycor took the decision to close the German operations of NovaVision, including the German office and NovaVision GmbH, and instead migrate to a licensed business model; effective July 1, 2020, Vycor entered into a license agreement with a German-based partner. The NovaVision German office was closed effective June 30, 2020. The Company will continue to fund the remaining expenses of the German operations, which are non-material, until such a time as NovaVision GmbH will be formally wound up.

 

Reconciliation of the major line items from discontinued operations that are presented in the consolidated balance sheets and consolidated statements of comprehensive loss are as follows:

  

Major line items constituting assets and liabilities in the consolidated balance sheets:

 

   December 31, 2025   December 31, 2024 
ASSETS          
Current Assets          
Cash  $1,117   $917 
Total Current Assets   1,117    917 
           
TOTAL ASSETS  $1,117   $917 
           
LIABILITIES          
Current Liabilities          
Accounts payable  $4   $4 
Other current liabilities   160    (676)
Total Current Liabilities  $164   $(672)

 

Major line items constituting loss from discontinued operations

 

       
  

For the years ended December 31,

 
   2025   2024 
         
Revenue  $-   $- 
Cost of Goods Sold   -    - 
Gross Profit   -    - 
           
Operating Expenses:          
Selling, general and administrative   2,087    249 
Total Operating Expenses   2,087    249 
Operating Loss   (2,087)   (249)
           
Other Income (Expense)          
Loss on foreign currency exchange   (149)   - 
Total Other Income (Expense)   (149)   - 
           
Loss Before Provision for Income Taxes   (2,236)   (249)
Provision for income taxes   -    - 
Loss from discontinued operations, net of tax  $(2,236)  $(249)