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CONSULTING AND OTHER AGREEMENTS
12 Months Ended
Dec. 31, 2025
Consulting And Other Agreements  
CONSULTING AND OTHER AGREEMENTS

13. CONSULTING AND OTHER AGREEMENTS

 

The following agreements were entered into or remained in force during the years ended December 31, 2025 and 2024:

 

On August 27, 2024 Vycor entered into a financial advisory and investment banking services agreement (“Agreement”) with Maxim. Under the terms of the Agreement, Maxim will assist Vycor in its strategy to grow the Company through strategic acquisitions and assist the Company with efforts to position itself for a potential uplisting to a US exchange. Vycor issued 813,971 shares of Company Common Stock (valued at $73,257) and additional fees would be payable under the agreement subject to the closing of acquisitions or other investment banking transactions. The amortization for the years ended December 31, 2025 and 2024 was $48,838 and $24,419, respectively (see Note 9 and Note 10).

 

On March 30, 2021, Vycor entered into a Consulting Agreement with Ricardo J. Komotar, M.D. (the “Agreement”) to provide certain specified services over the three-year term of the Agreement. On April 1, 2023, 101,663 shares of Company Common Stock (valued at $9,455) were issued under the terms of the Agreement, which was amortized over twelve months, with amortization for the year ended December 31, 2024 of $2,364 (see Note 10).