| Schedule of Segment Reporting Information, by Segment |
The tables below present financial information for the Company’s two operating business segments.
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
2022 |
|
2021 |
| Revenues: |
|
|
|
| Corporate clinics |
$ |
59,422,294 |
|
|
$ |
44,348,234 |
|
| Franchise operations |
42,489,115 |
|
|
36,511,419 |
|
| Total revenues |
$ |
101,911,409 |
|
|
$ |
80,859,653 |
|
|
|
|
|
| Depreciation and amortization: |
|
|
|
| Corporate clinics |
$ |
6,554,852 |
|
|
$ |
5,446,663 |
|
| Franchise operations |
744,172 |
|
|
334,945 |
|
| Corporate administration |
344,956 |
|
|
307,339 |
|
| Total depreciation and amortization |
$ |
7,643,980 |
|
|
$ |
6,088,947 |
|
|
|
|
|
| Segment operating income: |
|
|
|
| Corporate clinics |
$ |
(887,101) |
|
|
$ |
4,432,872 |
|
| Franchise operations |
19,586,367 |
|
|
16,706,643 |
|
| Unallocated corporate |
(16,622,405) |
|
|
(15,787,096) |
|
| Total segment operating income |
$ |
2,076,861 |
|
|
$ |
5,352,419 |
|
|
|
|
|
| Reconciliation of total segment operating income to consolidated earnings before income taxes: |
|
|
|
| Total segment operating income |
$ |
2,076,861 |
|
|
$ |
5,352,419 |
|
| Other (expense), net |
(133,101) |
|
|
(69,878) |
|
| Income before income tax expense (benefit) |
$ |
1,943,760 |
|
|
$ |
5,282,541 |
|
|
| Schedule of Reconciliation of Assets from Segment to Consolidated |
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2022 |
|
December 31, 2021 |
| Segment assets: |
|
|
|
| Corporate clinics |
$ |
57,947,468 |
|
|
$ |
40,722,898 |
|
| Franchise operations |
12,360,878 |
|
|
12,593,912 |
|
| Total segment assets |
$ |
70,308,346 |
|
|
$ |
53,316,810 |
|
|
|
|
|
| Unallocated cash and cash equivalents and restricted cash |
$ |
10,550,417 |
|
|
$ |
19,912,338 |
|
| Unallocated property and equipment |
915,216 |
|
|
857,176 |
|
| Other unallocated assets |
10,169,193 |
|
|
11,367,885 |
|
| Total assets |
$ |
91,943,172 |
|
|
$ |
85,454,209 |
|
|