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The brand new HDFC Bank overdraft (OD1) from $4,486,181 try availed on the basis of lien to your repaired deposits away from $5,404,300 provided with the company. The newest HDFC Financial overdraft (OD2) try safeguarded by all of the latest possessions, bush and you may machines of your own Team as well as shielded from the private guarantees provided by Dr Sudhir Prem Srivastava. As of December 29, 2024 and you can 2023, all the economic and you will non-monetary covenants within the financial overdraft facility agreement had been complied having by Team. On the April 15, 2023, the business done a Convertible Promissory Note (the newest “Credit line Notice”) that have Sushruta Pvt Ltd. (“Sushruta”), the fresh Bahamian holding team owned by Dr. Sudhir Srivastava, all of our President, Ceo, and you will dominating stockholder. Pursuant on the Personal line of credit Note, SPL, in its discretion could make multiple advances for the Organization because of December 31, 2023 (the fresh “Maturity Day”), in the an aggregate number of to $ 20,one hundred thousand,100000 to own working-capital aim. The newest enhances within the Credit line Note do not sustain desire and so are owed and you will payable to your or before Maturity Day.
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Established below is a quick breakdown of one’s background and you can business connection with our very own directors and you will executive officials. We incurred a net loss of $19,151,197 on the season concluded December 29, 2024, versus an online loss of $20,878,292 to the year concluded December 31, 2023. The newest decrease in net loss from 2023 in order to 2024 is especially because of boost in terrible profit from $7,726,838, counterbalance because of the escalation in stock settlement bills and of $cuatro,619,292 and you will reduction of desire debts (net) out of $ 175,235 from $ 604,308 respectively. Within the August 2024, the company given 125,100 shares to particular doctors/proctors to own getting its proctoring/training services.
Of many surgical automated systems use complex visualization technology, for example high-definition 3d imaging and you can augmented reality. Such tech give doctors a sharper look at the new medical web site, improving their ability to imagine complex anatomical formations and you will create in depth jobs. The development of one’s surgical robotics market is expected to end up being determined by the supply of increased health care structure, rise in unmet health care requires, boost in frequency of persistent infection, and you may surge sought after to possess advanced medical robotics issues. Asia, where our surgery is actually founded and you will in which we have officially revealed the newest SSi Mantra, has a people around step one.cuatro billion people and you can 70,one hundred thousand hospitals. However, no more than 0.1% from worldwide robotic surgical treatments are done inside Asia.
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Specific countries, such Southern Korea, Brazil, Australia and you will Canada, features her regulating companies. These nations typically need regulatory approvals and you will compliance which have comprehensive protection and you will high quality program legislation as part of the Medical Equipment Solitary Review Program that we are required to follow to the an lingering basis. Concurrently, the newest Food and drug administration could possibly get put extreme limitations abreast of the new implied usage of the items because the a disorder of giving selling consent.
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