v3.26.1
DISCONTINUED OPERATIONS (Tables)
 6 Months Ended
Jun. 30, 2026
Nobility Healthcare LLC [Member]  
Disposal Group, Including Discontinued Operations [Line Items]  
SCHEDULE OF NOTE RECEIVABLE

 

   Amount 
Initial fair value at origination (January 8, 2026)  $1,117,303 
Amortization of discount and interest accrued   52,874 
Provisional earn-out reduction to principal   (439,053)
Net carrying value at June 30, 2026  $731,124 
SCHEDULE OF ASSETS AND LIABILITIES AS DISCONTINUED OPERATIONS

 

   June 30,
2026		   December 31,
2025		 
Assets:          
Cash and cash equivalents  $—   $359,304 
Accounts receivable, net   —    497,713 
Prepaid expenses   —    54,736 
Current assets of revenue-cycle management business held-for-sale   —    911,753 
           
Property, plant, and equipment, net   —    39,831 
Goodwill and other intangible assets, net   —    — 
Operating lease right of use assets, net   —    373,921 
Non-current assets of revenue-cycle management business held-for-sale   —    413,752 
           
Total assets held-for-sale  $—   $1,325,505 
           
Liabilities:          
Accounts payable  $—   $52,102 
Accrued expenses   —    11,727 
Operating lease obligation – short term   —    74,200 
Current liabilities of revenue-cycle management business held-for-sale   —    138,029 
           
Operating lease obligation – long term   —    299,723 
Long-term liabilities of revenue-cycle management business held-for-sale   —    299,723 
           
Total liabilities held-for-sale  $—   $437,752 
SCHEDULE OF INCOME LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX

The following table presents the results of Nobility Healthcare included in loss from discontinued operations, net of tax, for the three and six months ended June 30, 2026 and 2025. No operating results of Nobility Healthcare are included in any 2026 period; the 2026 amounts consist of the loss on disposition and the provisional earn-out adjustments described above.

 

   2026   2025   2026   2025 
  

For the Three Months Ended

June 30,

   For the Six Months Ended
June 30,		 
   2026   2025   2026   2025 
Revenue:  $—   $1,432,294   $—   $2,782,845 
Cost of revenue:   —    883,231    —    1,766,119 
Gross profit   —    549,063    —    1,016,726 
                     
Operating expenses   —    434,782    —    895,075 
Income from operations   —    114,281    —    121,651 
Loss on disposal of Nobility Healthcare   —    —    (4,013,669)   — 
Provisional earn-out adjustment   (81,134)   —    (439,053)   — 
Income tax expense (benefit)   —    —    —    — 
Net income (loss) from discontinued operations  $(81,134)  $114,281   $(4,452,722)  $121,651 
SCHEDULE OF CASH FLOW CLASSIFIED AS DISCONTINUES OPERATIONS

The following table summarizes the cash flows of Nobility Healthcare included in the condensed consolidated statements of cash flows within discontinued operations for the six months ended June 30, 2026 and 2025. No cash flows of Nobility Healthcare are included in the 2026 period, as the disposition was effective January 1, 2026, and the related loss consisted of non-cash items. 

 

  

June 30,

2026

  

June 30,

2025

 
Cash Flows from Operating Activities:          
Net income (loss)  $(4,452,722)  $121,651 
Adjustments to reconcile net loss to net cash flows used in operating activities:          
Depreciation and amortization   —    50,360 
Loss on disposal of Nobility Healthcare   4,013,669    — 
Provisional earn-out adjustment to carrying value   439,053    — 
Provision for doubtful accounts receivable   —    (10,439)
Change in operating assets and liabilities:          
(Increase) decrease in:          
Accounts receivable – trade   —    28,705 
Prepaid expenses   —    10,510 
Operating lease right of use assets   —    32,779 
Increase (decrease) in:          
Accounts payable   —    (328,932)
Accrued expenses   —    (9,125)
Operating lease obligations   —    (32,779)
           
Net cash used in operating activities – discontinued operation   —    (137,270)
           
Cash Flows from Investing Activities:          
Purchases of leasehold improvements   —    (9,919)
Proceeds from improvement allowance   —    — 
           
Net cash used in investing activities – discontinued operation   —    (9,919)
           
Cash Flows from Financing Activities:          
           
Payments of contingent consideration promissory notes   —    — 
           
Net cash used in financing activities – discontinued operation   —    — 
           
Net decrease in cash, cash equivalents and restricted cash   —    (147,189)
           
Cash and cash equivalents, beginning of period   —    235,003 
           
Cash and cash equivalents, end of period  $—   $87,814 
Video Solutions Business [Member]  
Disposal Group, Including Discontinued Operations [Line Items]  
SCHEDULE OF ASSETS AND LIABILITIES AS DISCONTINUED OPERATIONS

 

   June 30,
2026		   December 31,
2025		 
Assets:          
Accounts receivable, net  $86,812   $382,082 
Subscriptions receivables, net – short term   2,690,503    3,219,647 
Inventories, net   1,498,601    2,129,453 
Prepaid expenses   268,971    417,396 
Current assets of video solutions business held-for-sale   4,544,887    6,148,578 
           
Property, plant, and equipment, net   63,834    87,368 
Goodwill and other intangible assets, net   168,024    182,211 
Subscriptions receivables, net – long term   2,178,923    2,976,758 
Operating lease right of use assets, net   109,711    147,937 
Other Assets   82,216    125,249 
Non-current assets of video solutions business held-for-sale   2,602,708    3,519,523 
           
Total assets held-for-sale  $7,147,595   $9,668,101 
           
Liabilities:          
Accounts payable  $193,935   $319,652 
Accrued expenses   199,878    204,163 
Deferred revenue, current   3,009,194    3,239,340 
Operating lease obligation – short term   81,180    78,007 
Current liabilities of video solutions business held-for-sale   3,484,187    3,841,162 
           
Deferred revenue - long term   3,613,846    4,739,356 
Operating lease obligation – long term   28,531    69,930 
Long-term liabilities of video solutions business held-for-sale   3,642,377    4,809,286 
           
Total liabilities held-for-sale  $7,126,564   $8,650,448 
SCHEDULE OF INCOME LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX

 

   2026   2025 
   Three months ended June 30, 
   2026   2025 
Net revenues:          
Product  $249,398   $438,132 
Service   892,743    902,540 
Total net revenues   1,142,141    1,340,672 
Less significant expenses:          
Cost of Revenue - Product   776,183    584,457 
Cost of Revenue – Service and other   304,184    385,438 
Research and development expense   131,749    183,811 
Selling, advertising and promotional expense   107,093    183,694 
General and administrative expense   498,234    451,325 
           
Loss from discontinued operations - Video Solutions   (675,302)   (448,053)
           
Other income (expense)   —    — 
Income tax expense (benefit)   —    — 
Net loss from discontinued operations - Video Solutions  $(675,302)  $(448,053)

 

   2026   2025 
   Six months ended June 30, 
   2026   2025 
Net revenues:  $    $  
Product   475,518    492,364 
Service   1,775,102    1,770,590 
Total net revenues   2,250,620    2,262,954 
Less significant expenses:          
Cost of Revenue - Product   1,177,774    649,009 
Cost of Revenue – Service and other   625,542    687,406 
Research and development expense   274,838    268,228 
Selling, advertising and promotional expense   238,129    204,211 
General and administrative expense   874,400    990,336 
           
Loss from discontinued operations - Video Solutions   (940,063)   (536,236)
           
Other income (expense)   —    — 
Income tax expense (benefit)   —    — 
Net loss from discontinued operations - Video Solutions  $(940,063)  $(536,236)
SCHEDULE OF CASH FLOW CLASSIFIED AS DISCONTINUES OPERATIONS

 

   2026   2025 
   Six months ended June 30, 
   2026   2025 
Net cash provided by (used in) operating activities — discontinued operation - Video Solutions  $68,635   $(2,243,004)
Net cash provided by (used in) investing activities — discontinued operation - Video Solutions   (12,074)   (73,862)
Net cash provided by (used in) financing activities — discontinued operation - Video Solutions   —    —