DISCONTINUED OPERATIONS

9 Months Ended

Sep. 30, 2024

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 unaudited consolidated balance sheets and unaudited consolidated statements of comprehensive income (loss) are as follows:

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

	September 30,			December 31,
	2024			2023
ASSETS
Current Assets
Cash	$	970		$	739
Total Current Assets		970			739
TOTAL ASSETS	$	970		$	739
LIABILITIES
Current Liabilities
Accounts payable	$	4		$	4
Other current liabilities		(676	)		(1,104	)
Total Current Liabilities	$	(672	)	$	(1,100	)

Major line items constituting loss from discontinued operations

	For the three months ended September 30,						For the nine months ended September 30,
	2024			2023			2024			2023
Revenue	$	-		$	-		$	-		$	-
Cost of Goods Sold		-			-			-			-
Gross Profit		-			-			-			-
Operating Expenses:
Selling, general and administrative		47			425			197			3,365
Total Operating Expenses		(47	)		(425	)		(197	)		(3,365	)
Operating Loss		(47	)		(425	)		(197	)		(3,365	)
Other Income (Expense)
Loss on foreign currency exchange		-			-			-			(152	)
Total Other Income (Expense)		-			-			-			(152	)
Loss Before Provision for Income Taxes		(47	)		(425	)		(197	)		(3,517	)
Provision for income taxes		-			-			-			-
Loss from discontinued operations, net of tax	$	(47	)	$	(425	)	$	(197	)	$	(3,517	)