v3.25.2

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2025	Dec. 31, 2024
Current Assets
Cash and cash equivalents	$ 559,983	$ 680,332
Accounts receivable, net	3,042,377	2,616,929
Prepaid expenses and other current assets	401,554	233,157
Total current assets	4,003,914	3,530,418
Long Term Assets:
Restricted cash	771,940	711,634
Property and equipment, net	27,784,997	28,128,004
Goodwill	1,076,908	1,076,908
Total Assets	33,637,759	33,446,964
Liabilities:
Accounts payable and accrued liabilities	7,950,044	6,574,200
Dividends payable	75,600	53,100
Current maturities of long-term debt, net of issuance costs of $16,736 and $17,160, respectively	11,326,024	11,450,406
Lines of credit	708,294	799,752
Other current liabilities	400,000
Total Current Liabilities	21,234,962	19,627,458
Long-term debt, net of issuance costs of $426,832 and $434,776. respectively	18,696,749	19,132,862
Lease security deposit	102,800	96,900
Total Liabilities	40,034,511	38,857,220
Commitments and Contingencies
Deficit:
Common stock - $0.05 par value; 800,000,000 shares authorized, 3,067,059 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively	153,352	153,352
Additional paid-in capital	13,852,028	13,852,028
Accumulated deficit	(21,178,132)	(20,191,636)
Total Selectis Health, Inc. Stockholders’ Deficit	(6,396,752)	(5,410,256)
Total Liabilities and Stockholders’ Deficit	33,637,759	33,446,964
Series A Preferred Stock [Member]
Deficit:
Preferred stock value	401,000	401,000
Series D Preferred Stock [Member]
Deficit:
Preferred stock value	375,000	375,000
Related Party [Member]
Liabilities:
Short-term debt, related parties	$ 775,000	$ 750,000

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

SELECTIS HEALTH, INC. 10-Q