| Schedule of Segment Reporting Information, by Segment |
The tables below present financial information for the Company’s two operating business segments.
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Three Months Ended |
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March 31, |
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| Revenues: |
2022 |
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2021 |
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| Corporate clinics |
$ |
12,606,999 |
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$ |
9,466,083 |
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| Franchise operations |
9,831,539 |
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8,081,882 |
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| Total revenues |
$ |
22,438,538 |
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$ |
17,547,965 |
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| Depreciation and amortization: |
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| Corporate clinics |
1,376,196 |
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1,093,833 |
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| Franchise operations |
173,487 |
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342 |
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| Corporate administration |
79,493 |
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75,691 |
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| Total depreciation and amortization |
$ |
1,629,176 |
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$ |
1,169,866 |
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| Segment operating (loss) income: |
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| Corporate clinics |
$ |
(438,064) |
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$ |
1,349,057 |
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| Franchise operations |
4,403,238 |
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3,847,773 |
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| Total segment operating income |
$ |
3,965,174 |
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$ |
5,196,830 |
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| Reconciliation of total segment operating income to consolidated earnings before income taxes: |
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| Total segment operating income |
$ |
3,965,174 |
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$ |
5,196,830 |
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| Unallocated corporate |
(4,141,600) |
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(3,225,154) |
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| Consolidated (loss) income from operations |
(176,426) |
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1,971,676 |
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| Other expense, net |
16,147 |
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21,537 |
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| (Loss) income before income tax benefit |
$ |
(192,573) |
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$ |
1,950,139 |
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| Reconciliation of Assets from Segment to Consolidated |
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| Segment assets: |
March 31,
2022 |
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December 31,
2021 |
| Corporate clinics |
$ |
41,328,616 |
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$ |
40,722,898 |
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| Franchise operations |
12,844,303 |
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12,593,912 |
| Total segment assets |
54,172,919 |
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53,316,810 |
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| Unallocated cash and cash equivalents and restricted cash |
18,845,911 |
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19,912,338 |
| Unallocated property and equipment |
807,832 |
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857,176 |
| Other unallocated assets |
11,235,787 |
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11,367,885 |
| Total assets |
$ |
85,062,449 |
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$ |
85,454,209 |
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