v3.26.1
SEGMENT REPORTING, GEOGRAPHICAL INFORMATION
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING, GEOGRAPHICAL INFORMATION

7. SEGMENT REPORTING, GEOGRAPHICAL INFORMATION

 

(a) Business segments

 

The Company operates in two business segments: Vycor Medical, which focuses on devices for neurosurgery; and NovaVision, which provides non-invasive, computer-based rehabilitation therapies targeted at people who have impaired vision as a result of stroke or other brain injury and which includes Sight Science. Discontinued operations were part of NovaVision and revenues and assets were in Europe; see Note 3. Set out below are the disaggregated revenues, gross profits, operating income (loss) and total assets for each segment. Our Chief Executive Officer, as the CODM, organizes our company, manages resource allocations and measures performance among the two operating and reportable segments.

  

       
   Year December 31, 
   2025   2024 
Revenue:        
Vycor Medical  $1,796,070   $1,515,744 
NovaVision   67,330    73,580 
Revenue  $1,863,400   $1,589,324 
Gross Profit          
Vycor Medical  $1,498,295   $1,355,878 
NovaVision   62,812    66,637 
Gross Profit  $1,561,107   $1,422,515 
           
Operating Income (Loss)          
Vycor Medical  $493,787   $353,052 
NovaVision   (183,878)   (177,917)
Corporate   (276,009)   (184,280)
Operating Income (Loss)   $33,900   $(9,145)

 

   December 31, 2025   December 31, 2024 
Total Assets:          
Vycor Medical  $778,216   $956,061 
NovaVision   51,087    41,139 
Discontinued operations   1,117    917 
Total Assets  $830,420   $998,117 

 

 

(b) Geographic segments

 

The Company operates in two geographic segments, the United States and Europe. Discontinued operations were part of NovaVision and revenues and assets were in Europe; see Note 3. Set out below are the disaggregated revenues, gross profits, operating income (loss) and total assets for each segment.

  

       
   Year Ended December 31, 
   2025   2024 
Revenue:        
United States  $1,858,494   $1,585,644 
Europe   4,906    3,680 
Revenue  $1,863,400   $1,589,324 
Gross Profit          
United States  $1,556,533   $1,418,970 
Europe   4,574    3,545 
Gross Profit  $1,561,107   $1,422,515 
           
Operating Income (Loss)          
United States  $334,997   $200,111 
Europe   (25,088)   (24,976)
Corporate   (276,009)   (184,280)
Operating Income (Loss)  $33,900   $(9,145)

 

   December 31, 2025   December 31, 2024 
Total Assets:          
United States  $818,237   $991,210 
Europe   11,066    5,990 
Discontinued operations   1,117    917 
Total Assets  $830,420   $998,117