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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 8,662,091 $ 4,164,323
Prepaid expenses and other current assets 1,119,321 1,213,984
Total current assets 9,781,412 5,378,307
Operating lease right-of-use assets 196,249 268,571
Assets, Total 9,977,661 5,646,878
Current liabilities:    
Accounts payable 2,027,509 1,284,612
Accrued expenses and other current liabilities 1,560,430 762,835
Related party payable 143,080 142,459
Operating lease liability, current 141,070 116,323
Debentures 6,785,812 0
Total current liabilities 10,657,901 2,306,229
Loan payable 29,462 0
Operating lease liability, non-current 95,188 205,945
Total liabilities 10,782,551 2,512,174
Commitments and contingencies
Shareholders' (deficit) equity    
Common shares, no par value; unlimited shares authorized; 20,971,122 and 11,816,721 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 4 30,518,195
Common shares to be issued 313,934 0
Additional paid-in capital 6,449,863 1,520,412
Accumulated other comprehensive income 10,676 0
Accumulated deficit (5) (28,903,903)
Total shareholders' equity attributable to Medicus Pharma Ltd. (910,126) 3,134,704
Non-controlling interests 105,236 0
Total shareholders' (deficit) equity (804,890) 3,134,704
Total liabilities and shareholders' (deficit) equity $ 9,977,661 $ 5,646,878