2023 Q2 Form 10-K Financial Statement

#000149315223012257 Filed on April 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2022 Q4 2022
Revenue $482.8K $271.3K $1.223M
YoY Change 47.22% -0.9% -12.2%
Cost Of Revenue $39.80K $37.15K $140.6K
YoY Change 42.72% 16.9% 4.39%
Gross Profit $443.0K $234.1K $1.082M
YoY Change 47.64% -3.24% -13.98%
Gross Profit Margin 91.76% 86.3% 88.5%
Selling, General & Admin $324.5K $310.9K $1.331M
YoY Change -9.79% -18.74% -17.51%
% of Gross Profit 73.26% 132.81% 122.94%
Research & Development $7.550K $0.00
YoY Change -100.0%
% of Gross Profit 1.7% 0.0%
Depreciation & Amortization $15.07K $15.33K $61.40K
YoY Change 0.13% -13.73% -10.26%
% of Gross Profit 3.4% 6.55% 5.67%
Operating Expenses $346.5K $325.3K $1.389M
YoY Change -7.47% -19.9% -18.02%
Operating Profit $96.52K -$91.20K -$306.5K
YoY Change -229.78% -44.46% -29.69%
Interest Expense -$25.73K -$24.68K -$93.19K
YoY Change 10.19% 12.69% 4.13%
% of Operating Profit -26.66%
Other Income/Expense, Net -$25.73K -$93.19K
YoY Change 10.18%
Pretax Income $70.79K -$115.9K -$399.7K
YoY Change -172.44% -37.74% -2.09%
Income Tax $0.00
% Of Pretax Income
Net Earnings $68.41K -$116.6K -$404.9K
YoY Change -169.09% -37.69% -7.06%
Net Earnings / Revenue 14.17% -42.97% -33.11%
Basic Earnings Per Share $0.00 -$0.02
Diluted Earnings Per Share $0.00 $0.00 -$0.02
COMMON SHARES
Basic Shares Outstanding 32.63M shares 32.53M shares 31.71M shares
Diluted Shares Outstanding 37.47M shares 31.71M shares

Balance Sheet

Concept 2023 Q2 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $53.40K $37.04K $37.04K
YoY Change 22.42% -59.27% -59.27%
Cash & Equivalents $53.40K $37.04K
Short-Term Investments
Other Short-Term Assets $62.93K $75.65K $75.65K
YoY Change 14.42% 20.37% 20.37%
Inventory $219.5K $248.9K $248.9K
Prepaid Expenses
Receivables $282.6K $156.2K $156.2K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $618.4K $517.8K $517.8K
YoY Change 20.59% 6.23% 6.23%
LONG-TERM ASSETS
Property, Plant & Equipment $272.8K $303.8K $336.4K
YoY Change -18.56% -16.18% -23.88%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.000K $6.000K $6.000K
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Assets $287.1K $342.4K $342.4K
YoY Change -27.76% -23.56% -23.56%
TOTAL ASSETS
Total Short-Term Assets $618.4K $517.8K $517.8K
Total Long-Term Assets $287.1K $342.4K $342.4K
Total Assets $905.4K $860.2K $860.2K
YoY Change -0.52% -8.04% -8.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $123.4K $200.0K $200.0K
YoY Change -16.4% -12.15% -12.16%
Accrued Expenses $2.860M $2.638M $2.638M
YoY Change 14.1% 15.57% 15.57%
Deferred Revenue
YoY Change
Short-Term Debt $796.8K $818.1K $818.1K
YoY Change 13.34% 27.79% 27.79%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.779M $3.655M $3.655M
YoY Change 12.62% 16.03% 16.03%
LONG-TERM LIABILITIES
Long-Term Debt $144.6K $146.3K $146.3K
YoY Change -2.22% -2.5% -2.5%
Other Long-Term Liabilities $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $144.6K $146.3K $146.3K
YoY Change -6.04% -19.01% -19.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.779M $3.655M $3.655M
Total Long-Term Liabilities $144.6K $146.3K $146.3K
Total Liabilities $3.924M $3.801M $3.801M
YoY Change 11.8% 14.13% 14.13%
SHAREHOLDERS EQUITY
Retained Earnings -$32.51M -$32.43M
YoY Change 1.5% 2.3%
Common Stock $3.273K $3.263K
YoY Change 1.99% 5.53%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.033K $1.033K
YoY Change 0.0% 0.0%
Treasury Stock Shares 103.3K shares
Shareholders Equity -$3.018M -$2.941M -$2.941M
YoY Change
Total Liabilities & Shareholders Equity $905.4K $860.2K $860.2K
YoY Change -0.52% -8.04% -8.04%

Cashflow Statement

Concept 2023 Q2 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $68.41K -$116.6K -$404.9K
YoY Change -169.09% -37.69% -7.06%
Depreciation, Depletion And Amortization $15.07K $15.33K $61.40K
YoY Change 0.13% -13.73% -10.26%
Cash From Operating Activities $13.33K -$33.36K -$217.0K
YoY Change -147.37% -206.07% -1115.52%
INVESTING ACTIVITIES
Capital Expenditures -$320.00 $2.780K
YoY Change -203.23% -107.24%
Acquisitions
YoY Change
Other Investing Activities $250.00
YoY Change
Cash From Investing Activities $250.00 $320.00 -$2.780K
YoY Change -107.81% 3.23% -92.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.980K 37.50K $165.9K
YoY Change 41.99% -293.4% 167.78%
NET CHANGE
Cash From Operating Activities 13.33K -33.36K -$217.0K
Cash From Investing Activities 250.0 320.0 -$2.780K
Cash From Financing Activities -7.980K 37.50K $165.9K
Net Change In Cash 5.600K 4.460K -$53.91K
YoY Change -115.15% -63.95% -219.95%
FREE CASH FLOW
Cash From Operating Activities $13.33K -$33.36K -$217.0K
Capital Expenditures -$320.00 $2.780K
Free Cash Flow -$33.04K -$219.8K
YoY Change -206.1% -467.86%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001424768
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 VYCO Forgiveness Of Debt Paycheck Protection Program
ForgivenessOfDebtPaycheckProtectionProgram
usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
usd
CY2022 VYCO Forgiveness Of Debt Paycheck Protection Program
ForgivenessOfDebtPaycheckProtectionProgram
usd
CY2022 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
usd
CY2021 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
usd
CY2021 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
usd
CY2021 us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
usd
CY2022 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
usd
CY2021 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2022 dei Document Type
DocumentType
10-K
CY2022 dei Document Annual Report
DocumentAnnualReport
true
CY2022 dei Document Period End Date
DocumentPeriodEndDate
2022-12-31
CY2022 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022 dei Document Transition Report
DocumentTransitionReport
false
CY2022 dei Entity File Number
EntityFileNumber
001-34932
CY2022 dei Entity Registrant Name
EntityRegistrantName
VYCOR MEDICAL, INC.
CY2022 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
20-3369218
CY2022 dei Entity Address Address Line1
EntityAddressAddressLine1
951 Broken Sound Boulevard
CY2022 dei Entity Address Address Line2
EntityAddressAddressLine2
Suite
CY2022 dei Entity Address City Or Town
EntityAddressCityOrTown
320 Boca Raton
CY2022 dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
CY2022 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
33487
CY2022 dei City Area Code
CityAreaCode
561
CY2022 dei Local Phone Number
LocalPhoneNumber
558-2020
CY2022 dei Security12b Title
Security12bTitle
Common Stock
CY2022 dei Trading Symbol
TradingSymbol
VYCO
CY2022 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2022 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2022 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
No
CY2022 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022 dei Entity Small Business
EntitySmallBusiness
true
CY2022 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2022 dei Entity Shell Company
EntityShellCompany
false
CY2022Q2 dei Entity Public Float
EntityPublicFloat
1667743 usd
CY2023Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
32628835 shares
CY2022 dei Auditor Name
AuditorName
Prager Metis CPAs, LLC
CY2022 dei Auditor Location
AuditorLocation
Hackensack, New Jersey
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
37035 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
90941 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
156204 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
126096 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
248874 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
207521 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
74438 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
62473 usd
CY2022Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
1212 usd
CY2021Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
380 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
517763 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
487411 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
303770 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
362393 usd
CY2022Q4 us-gaap Security Deposit
SecurityDeposit
6000 usd
CY2021Q4 us-gaap Security Deposit
SecurityDeposit
6000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
32645 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
79560 usd
CY2022Q4 VYCO Intangible And Other Asset Total
IntangibleAndOtherAssetTotal
38645 usd
CY2021Q4 VYCO Intangible And Other Asset Total
IntangibleAndOtherAssetTotal
85560 usd
CY2022Q4 us-gaap Assets
Assets
860178 usd
CY2021Q4 us-gaap Assets
Assets
935364 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
200044 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
227720 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
424897 usd
CY2021Q4 us-gaap Interest Payable Current
InterestPayableCurrent
380479 usd
CY2022Q4 VYCO Accrued Interest Related Party
AccruedInterestRelatedParty
146007 usd
CY2021Q4 VYCO Accrued Interest Related Party
AccruedInterestRelatedParty
106444 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
91352 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
126959 usd
CY2022Q4 us-gaap Due To Other Related Parties Classified Current
DueToOtherRelatedPartiesClassifiedCurrent
1946220 usd
CY2021Q4 us-gaap Due To Other Related Parties Classified Current
DueToOtherRelatedPartiesClassifiedCurrent
1621850 usd
CY2022Q4 us-gaap Other Notes Payable Current
OtherNotesPayableCurrent
324711 usd
CY2021Q4 us-gaap Other Notes Payable Current
OtherNotesPayableCurrent
319329 usd
CY2022Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
493373 usd
CY2021Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
320873 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
29591 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
46915 usd
CY2022Q4 VYCO Liabilities Of Disposal Groups Including Discontinued Operation Current
LiabilitiesOfDisposalGroupsIncludingDiscontinuedOperationCurrent
-1399 usd
CY2021Q4 VYCO Liabilities Of Disposal Groups Including Discontinued Operation Current
LiabilitiesOfDisposalGroupsIncludingDiscontinuedOperationCurrent
-572 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3654796 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3149997 usd
CY2022Q4 us-gaap Long Term Loans From Bank
LongTermLoansFromBank
146253 usd
CY2021Q4 us-gaap Long Term Loans From Bank
LongTermLoansFromBank
150000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
30580 usd
CY2022Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
146253 usd
CY2021Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
180580 usd
CY2022Q4 us-gaap Liabilities
Liabilities
3801049 usd
CY2021Q4 us-gaap Liabilities
Liabilities
3330577 usd
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
270307 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
270307 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
270307 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
270307 shares
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
27 usd
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
27 usd
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
55000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
55000000 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
32630506 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
30921701 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
32527172 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
30818367 shares
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
3263 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
3092 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
29355626 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
29172169 usd
CY2022Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
103334 shares
CY2021Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
103334 shares
CY2022Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1033 usd
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1033 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-32426429 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-31697142 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
127675 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
127674 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-2940871 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-2395213 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
860178 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
935364 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1222989 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1392987 usd
CY2022 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
140644 usd
CY2021 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
134728 usd
CY2022 us-gaap Gross Profit
GrossProfit
1082345 usd
CY2021 us-gaap Gross Profit
GrossProfit
1258259 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
15159 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
58232 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
66070 usd
CY2022 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1330627 usd
CY2021 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1612984 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
1388859 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
1694213 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-306514 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-435954 usd
CY2022 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
39563 usd
CY2021 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
31841 usd
CY2022 us-gaap Interest Expense Other
InterestExpenseOther
52664 usd
CY2021 us-gaap Interest Expense Other
InterestExpenseOther
55970 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-964 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1684 usd
CY2021 VYCO Forgiveness Of Debt Paycheck Protection Program
ForgivenessOfDebtPaycheckProtectionProgram
117200 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-93191 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
27705 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-399705 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-408249 usd
CY2022 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-399705 usd
CY2021 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-408249 usd
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-5212 usd
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-27413 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-404917 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-435662 usd
CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
324370 usd
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
324370 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-729287 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-760032 usd
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-1 usd
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-5 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-404916 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-435657 usd
CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.01
CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.01
CY2022 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.00
CY2021 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.00
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31708076 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
29627527 shares
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
-1981316 usd
CY2021 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
325131 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
21000 usd
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-760032 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-2395213 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
-2395213 usd
CY2022 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
183628 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-729287 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-729287 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-2940871 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-2940871 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-404917 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-435662 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11349 usd
CY2022 us-gaap Depreciation
Depreciation
61403 usd
CY2021 us-gaap Depreciation
Depreciation
57069 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
15515 usd
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
12360 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
185610 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
341098 usd
CY2021 VYCO Forgiveness Of Debt Paycheck Protection Program
ForgivenessOfDebtPaycheckProtectionProgram
117200 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
30108 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-33142 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
56868 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
38785 usd
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
14936 usd
CY2021 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-20034 usd
CY2022 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
39563 usd
CY2021 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
31841 usd
CY2022 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
52664 usd
CY2021 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
51582 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-27676 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
48611 usd
CY2022 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-35607 usd
CY2021 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
9911 usd
CY2022 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-1659 usd
CY2021 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-3980 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-217016 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21369 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2780 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
38375 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2780 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-38375 usd
CY2022 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
172500 usd
CY2021 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
10000 usd
CY2021 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
58600 usd
CY2022 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-6611 usd
CY2021 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-6655 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
165889 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
61945 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-53906 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
44939 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
90941 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
46002 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
37035 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
90941 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
8246 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
4386 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2022 us-gaap Stock Issued1
StockIssued1
3050 usd
CY2021 us-gaap Stock Issued1
StockIssued1
5032 usd
CY2022 us-gaap Basis Of Accounting
BasisOfAccounting
<p id="xdx_801_eus-gaap--BasisOfAccounting_zoAn0M0nyV5b" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1. <span id="xdx_821_zGeSnUxBnGl1">BUSINESS OF THE COMPANY AND GOING CONCERN</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Business Description</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Vycor Medical, Inc. (the “Company”) designs, develops and markets neurological medical devices and therapies through two operating divisions: Vycor Medical and NovaVision. Vycor Medical focuses on brain and cervical surgical access systems for sale to hospitals and medical professionals; NovaVision focuses on neuro-stimulation therapies and diagnostic devices for the treatment and screening of vision field loss resulting from neurological damage.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Ability to continue as a Going Concern</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company has incurred losses since its inception, including a net loss of $<span id="xdx_901_eus-gaap--NetIncomeLoss_iN_di_c20220101__20221231_zWBI5crKnhNe" title="Net loss">404,917</span> and $<span id="xdx_90A_eus-gaap--NetIncomeLoss_iN_di_c20210101__20211231_zrenoIGEcCdd" title="Net loss">435,662</span> for the years ending December 31, 2022 and 2021 respectively and has not generated sufficient cash flows from operations. As at December 31, 2022 the Company had a working capital deficiency of $<span id="xdx_908_ecustom--WorkingCapitalDeficit_iI_pp0p0_c20221231_znRuv0cdzL1d" title="Working capital deficiency">551,433</span> excluding related party liabilities of $<span id="xdx_90E_eus-gaap--DueToRelatedPartiesCurrentAndNoncurrent_iI_pp0p0_c20221231_zsqEcEnCi89d" title="Related party liabilities">2,585,600</span>. As a result these conditions, among others, raise substantial doubt regarding our ability to continue as a going concern. The consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify">The Company is executing on a plan to achieve a reduction in cash operating losses. Included within the working capital deficiency above is a term note for $<span id="xdx_90B_eus-gaap--DebtInstrumentFaceAmount_iI_pp0p0_c20221231__dei--LegalEntityAxis__custom--EuroAmericanInvestmentCorpMember_zeaBkVBIpQ58">300,000 </span>to EuroAmerican Investment Corp. (“EuroAmerican”), together with accrued interest of $<span id="xdx_909_eus-gaap--InterestPayableCurrentAndNoncurrent_iI_pp0p0_c20221231__dei--LegalEntityAxis__custom--EuroAmericanInvestmentCorpMember_zggcnw3Bq7bl">424,897</span>, which has a maturity date of <span id="xdx_90F_eus-gaap--DebtInstrumentMaturityDate_c20220101__20221231__dei--LegalEntityAxis__custom--EuroAmericanInvestmentCorpMember_zpgQwoWl0QIa" title="Maturity date">December 31, 2023</span>, having been extended on a number of occasions from its initial due date of June 11, 2011. At this time, it is not known whether any further extension of the note beyond December 31, 2023 will be available. However, the Company believes it may not have sufficient cash to meet its various cash needs through March 31, 2024 unless the Company is able to obtain additional cash from the issuance of debt or equity securities. Fountainhead, the Company’s largest shareholder, has provided working capital funding to the Company on an as-needed basis, although there is no guarantee that this will continue to be the case. The Company may consider seeking additional equity or debt funding, although there is no assurance that this would be available on acceptable terms or at all. If adequate funds are not available, the Company may have to delay or curtail development or commercialization of products or cease some of its operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-404917 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-435662 usd
CY2022Q4 VYCO Working Capital Deficit
WorkingCapitalDeficit
551433 usd
CY2022Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
2585600 usd
CY2022Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2022 VYCO Patient Deposits
PatientDeposits
19154 usd
CY2021 VYCO Patient Deposits
PatientDeposits
30944 usd
CY2021 us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
26545 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
5062 usd
CY2021 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
26545 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-5062 usd
CY2021 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
-26545 usd
CY2022 VYCO Provision For Inventory Obsolescence
ProvisionForInventoryObsolescence
13160 usd
CY2021 VYCO Provision For Inventory Obsolescence
ProvisionForInventoryObsolescence
12360 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Foreign Currency Translation Gains Losses
DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses
-150 usd
CY2021 us-gaap Disposal Group Including Discontinued Operation Foreign Currency Translation Gains Losses
DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses
-868 usd
CY2022 VYCO Disposal Group Including Discontinued Operation Other Income Expense
DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpense
-150 usd
CY2021 VYCO Disposal Group Including Discontinued Operation Other Income Expense
DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpense
-868 usd
CY2022 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-5212 usd
CY2021 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-27413 usd
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-5212 usd
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-27413 usd
CY2021Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
150000 usd
CY2022 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P5Y
CY2022Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
0 usd
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
0 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_840_eus-gaap--UseOfEstimates_zLAB2f3ogcUf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_862_zbH8na7ICBK5">Uses of estimates in the preparation of financial statements</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimated. To the extent management’s estimates prove to be incorrect, financial results for future periods may be adversely affected. Significant estimates and assumptions contained in the accompanying consolidated financial statements include management’s estimate of the allowance for uncollectible accounts receivable and provision for inventory obsolescence.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
46915 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
30580 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
29591 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
77495 usd
CY2022Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
493373 usd
CY2021Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
320873 usd
CY2022Q4 us-gaap Other Notes Payable Current
OtherNotesPayableCurrent
324711 usd
CY2021Q4 us-gaap Other Notes Payable Current
OtherNotesPayableCurrent
319329 usd
CY2022Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
146253 usd
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4723941 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4495369 shares
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
1212 usd
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
380 usd
CY2022Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
1212 usd
CY2021Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
380 usd
CY2022Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
1212 usd
CY2021Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
380 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Payable Current
DisposalGroupIncludingDiscontinuedOperationAccountsPayableCurrent
693 usd
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Payable Current
DisposalGroupIncludingDiscontinuedOperationAccountsPayableCurrent
4 usd
CY2022Q4 VYCO Disposal Groups Including Discontinued Operation Other Current Liabilities
DisposalGroupsIncludingDiscontinuedOperationOtherCurrentLiabilities
-2092 usd
CY2021Q4 VYCO Disposal Groups Including Discontinued Operation Other Current Liabilities
DisposalGroupsIncludingDiscontinuedOperationOtherCurrentLiabilities
-576 usd
CY2022Q4 VYCO Liabilities Of Disposal Groups Including Discontinued Operation Current
LiabilitiesOfDisposalGroupsIncludingDiscontinuedOperationCurrent
-1399 usd
CY2021Q4 VYCO Liabilities Of Disposal Groups Including Discontinued Operation Current
LiabilitiesOfDisposalGroupsIncludingDiscontinuedOperationCurrent
-572 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
5062 usd
CY2022Q4 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
109894 usd
CY2021Q4 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
77166 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
138980 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
130355 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
248874 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
207521 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
32645 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
79560 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
29591 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1222989 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1392987 usd
CY2022 us-gaap Gross Profit
GrossProfit
1082345 usd
CY2021 us-gaap Gross Profit
GrossProfit
1258259 usd
CY2022Q4 us-gaap Assets
Assets
860178 usd
CY2021Q4 us-gaap Assets
Assets
935364 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1222989 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1392987 usd
CY2022 us-gaap Gross Profit
GrossProfit
1082345 usd
CY2021 us-gaap Gross Profit
GrossProfit
1258259 usd
CY2022Q4 us-gaap Assets
Assets
860178 usd
CY2021Q4 us-gaap Assets
Assets
935364 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1389211 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1386431 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1085441 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1024038 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
303770 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
362393 usd
CY2022 us-gaap Depreciation
Depreciation
61403 usd
CY2021 us-gaap Depreciation
Depreciation
57069 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11349 usd
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
680000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.28
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
680000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0.28
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-382553 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-398536 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-22364 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-37126 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-404917 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-435662 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-85033 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-91489 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-204 usd
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-2684 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-85237 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-94173 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4672000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4511000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
1 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
1 pure
CY2022 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
The U.S. Tax Cuts and Jobs Act (Tax Act) was enacted on December 22, 2017 and introduces significant changes to U.S. income tax law. Effective in 2018, the Tax Act reduces the U.S. statutory tax rate from 35% to 21% and creates new taxes on certain foreign-sourced earnings and certain related-party payments, which are referred to as the global intangible low-taxed income tax and the base erosion tax, respectively.
CY2017Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.155 pure
CY2017Q4 VYCO Foreign Cash And Net Current Assets Percentage
ForeignCashAndNetCurrentAssetsPercentage
0.08 pure
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
19881000 usd
CY2021Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
19058000 usd
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21 pure
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2022 us-gaap Payments For Rent
PaymentsForRent
79314 usd
CY2021 us-gaap Payments For Rent
PaymentsForRent
79663 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
34384 usd
CY2012Q2 VYCO Sales And Excise Tax Payable Reduction Current And Noncurrent
SalesAndExciseTaxPayableReductionCurrentAndNoncurrent
75000 eur
CY2012Q2 VYCO Sales And Excise Tax Payable Reduction Current And Noncurrent
SalesAndExciseTaxPayableReductionCurrentAndNoncurrent
82000 usd
CY2012Q2 us-gaap Interest Expense
InterestExpense
12000 eur
CY2012Q2 us-gaap Interest Expense
InterestExpense
13200 usd
CY2016Q4 VYCO Sales And Excise Tax Payable Reduction Current And Noncurrent
SalesAndExciseTaxPayableReductionCurrentAndNoncurrent
75000 eur
CY2016Q4 VYCO Sales And Excise Tax Payable Reduction Current And Noncurrent
SalesAndExciseTaxPayableReductionCurrentAndNoncurrent
82000 usd
CY2016Q4 us-gaap Interest Expense
InterestExpense
12000 eur
CY2016Q4 us-gaap Interest Expense
InterestExpense
13200 usd
CY2022 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
39563 usd
CY2021 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
31841 usd
CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
324370 usd
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
324370 usd
CY2022 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1946220 usd
CY2021 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1621850 usd
CY2022 dei Auditor Firm
AuditorFirmId
273

Files In Submission

Name View Source Status
0001493152-23-012257-index-headers.html Edgar Link pending
0001493152-23-012257-index.html Edgar Link pending
0001493152-23-012257.txt Edgar Link pending
0001493152-23-012257-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-k.htm Edgar Link pending
logo_001.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
form10-k_htm.xml Edgar Link completed
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
vyco-20221231.xsd Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
vyco-20221231_lab.xml Edgar Link unprocessable
vyco-20221231_def.xml Edgar Link unprocessable
vyco-20221231_cal.xml Edgar Link unprocessable
vyco-20221231_pre.xml Edgar Link unprocessable