CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2025	Dec. 31, 2024
Current assets
Cash	$ 441,724	$ 244,771
Accounts receivable, net	1,527,808	260,841
Prepaid expenses	34,523	23,146
Other current assets	2,519
Total current assets	2,006,574	528,758
Non-current assets
Property and equipment, net	1,308,902	699,688
Intangible assets, net	3,254,844	536,971
Goodwill	3,573,396
Right of use assets	10,817,251	9,920,592
Right of use assets – related party	7,423,571
Deposits paid	512,824	472,393
Total non-current assets	26,890,788	11,629,644
Total assets	28,897,362	12,158,402
Current liabilities
Accounts payable and accrued liabilities	1,270,101	764,255
Bank loans	599,671
Assumed liability	827,641
Convertible notes, net of discounts	3,965,006	3,973,245
Short-term notes, net	2,925,566	2,575,123
Promissory note	335,000	405,000
Funding arrangements, net	1,247,978	516,247
Related party advance, net	273,461	264,966
Government assistance loans	21,342	15,088
Operating lease liability	511,241	299,102
Operating lease liability -related party	427,962
Finance lease liability	9,310	9,829
Related party payables	1,582,481	633,318
Stock subscription liability	198,600	198,600
Total current liabilities	14,195,360	9,654,773
Non-current liabilities
Bank loans	4,038,070
Assumed liability	683,280
Note payable – related party	84,527
Government assistance loans		6,149
Operating lease liability	10,742,709	9,949,454
Operating lease liability – related party	7,036,770
Finance lease liability	2,655	6,593
Deferred taxation	753,184
Total non-current liabilities	23,341,195	9,962,196
Total liabilities	37,536,555	19,616,969
Stockholders’ deficit
Preferred stock - Series A; $0.01 par value, 10,000,000 authorized, 4,765,000 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively.	47,650	47,650
Common stock - $0.01 par value, 10,000,000,000 shares authorized; 7,726,283,805 and 7,729,053,805 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively.	77,262,839	77,290,539
Additional paid-in capital	25,013,783	24,986,083
Discount for shares issued below par value	(65,363,367)	(65,363,367)
Accumulated deficit	(45,600,098)	(44,419,472)
Total stockholders’ deficit	(8,639,193)	(7,458,567)
Total liabilities and stockholders’ deficit	$ 28,897,362	$ 12,158,402

ETHEMA HEALTH Corp 10-Q