v3.26.1
Related Party
 6 Months Ended
Jun. 30, 2026
Related Party [Abstract]  
RELATED PARTY

NOTE 20 – RELATED PARTY

 

The details of transactions with the related parties for the six months ended June 30, 2026 and 2025 and balances outstanding as on June 30, 2026 and December 31, 2025 are as follows:

 

Particulars   For the
period ended
June 30,
2026		     For the
period ended
June 30,
2025		  
Transactions during the period:            
             
Expenses incurred on behalf of affiliates                
Srivastava Robotic Surgery Pvt Ltd   $ 333     $ 68  
SS International Centre for Robotics Surgery Pvt Ltd     4,788       9.906  
Sudhir Srivastava Medical Innovations Pvt Ltd     410       92  
Telegnosis Pvt Ltd     70       8  
Sudhir Prem Srivastava, M.D.     -       18,000  
                 
Expense incurred on behalf of Company                
Sudhir Prem Srivastava, M.D.     63,826       123,476  
Barry F. Cohen     -       5,753  
Dr. Frederic H Moll     -       11,499  
Milan Rao#     4,216       -  
Dr. S.P. Somashekhar     510       -  
Mr. Tim Adams     1,867       -  
                 
2016 Stock Incentive Plans Expenses/(Reversal)                
Anup Sethi     -       (122,247 )
Barry F. Cohen     285,977       285,977  
Dr. S.P. Somashekhar     106,197       105,266  
Sudhir Prem Srivastava, M.D.     857,931       857,931  
Vishwajyoti P. Srivastava, M.D     285,977       285,977  
Milan Rao#     170,150       -  
                 
Consultancy charges and other perquisites                
Anup Sethi     -       68,149  
Barry F. Cohen     90,000       90,000  
Sudhir Prem Srivastava, M.D.     480,799       441,200  
Vishwajyoti P. Srivastava, M.D     196,396       129,908  
Arvind Palaniappan     -       12,160  
Milan Rao#     140,002       -  
Dr. Frederic H Moll     4,500       -  
Dr. S.P. Somashekhar     4,500       -  
Mr. Tim Adams     4,500       -  
Mylswamy Annadurai     4,500       -  
                 
Proceeds from Private Investment in Public Equity                
Sushruta Private Limited     2,000,000       -  
Mr. Tim Adams     1,197,000       -  
Dr. Frederic H Moll     2,000,000       -  
                 
Proceeds from notes issued                
Sushruta Private Limited     -       28,000,000  
                 
Interest accrued on notes                
Sushruta Private Limited     -       182,400  
                 
Conversion of notes into common stock                
Sushruta Private Limited   $ -     $ 30,164,548  

 

 

Balance outstanding as of period end:

 

Accrued expenses & other current liabilities:   As of
June 30,
 2026		     As of
December 31, 
2025		  
             
Balance payable                
Barry F. Cohen   $ (580,500 )   $ (496,253 )
                 
Prepaids and other current assets:                
Srivastava Robotic Surgery Pvt Ltd     699       394  
SS International Centre for Robotics Surgery Pvt Ltd     21,170       17,360  
Cardio Bahamas^     (76,741 )     (76,741 )
SSI PTE Singapore^     (424,586 )     (424,586 )
Sudhir Prem Srivastava, M.D.^     2,199,657       2,378,493  
Sudhir Srivastava Medical Innovations Pvt Ltd     928       556  
Telegnosis Private Limited     1,263       1,257  
Sushruta Private Limited     5.000       5,000  
Vishwajyoti P. Srivastava, M.D   $ -     $ 10,178  

 

^ For these balances, Dr. Sudhir Prem Srivastava is considered as the ultimate beneficial owner, and the settlement is expected to be made on net basis. Accordingly, these balances have been disclosed under prepaids and other current assets.

 

# During the current period, Mr. Naveen Kumar Amar resigned from the position of Chief Financial Officer effective January 2, 2026. Thereafter, on January 16, 2026, the Company appointed Milan Rao as Global Chief Operating Officer and Chief Financial Officer. Mr. Millan Rao subsequently resigned from his position as Chief Financial Officer, effective May 25, 2026. Subsequently, on August 3, 2026, the Company appointed Sarah M. Romano as Chief Financial Officer.