| Schedule of Assets Acquired and Liabilities Assumed |
The allocation of the total purchase price of the 2023 CA Clinics Purchase was as follows:
|
|
|
|
|
|
|
|
|
| Property and equipment |
|
$ |
313,995 |
|
| Operating lease right-of-use asset |
|
317,662 |
|
| Intangible assets |
|
1,004,513 |
|
| Total assets acquired |
|
1,636,170 |
|
| Deferred revenue |
|
(158,365) |
|
| Operating lease liability - current portion |
|
(118,081) |
|
| Operating lease liability - net of current portion |
|
(199,957) |
|
| Net purchase consideration |
|
$ |
1,159,767 |
|
The allocation of the total purchase price of AZ Clinics Purchase was as follows:
|
|
|
|
|
|
|
|
|
| Property and equipment |
|
$ |
241,511 |
|
| Operating lease right-of-use asset |
|
912,937 |
|
| Intangible assets |
|
3,689,100 |
|
| Total assets acquired |
|
4,843,548 |
|
| Goodwill |
|
3,408,205 |
|
| Deferred revenue |
|
(455,317) |
|
| Operating lease liability - current portion |
|
(128,516) |
|
| Operating lease liability - net of current portion |
|
(784,722) |
|
| Net purchase consideration |
|
$ |
6,883,198 |
|
The allocation of the total purchase price of NC Clinics Purchase was as follows:
|
|
|
|
|
|
|
|
|
| Property and equipment |
|
$ |
198,236 |
|
| Operating lease right-of-use asset |
|
521,222 |
|
| Intangible assets |
|
3,544,456 |
|
| Total assets acquired |
|
4,263,914 |
|
| Deferred revenue |
|
(326,332) |
|
| Operating lease liability - current portion |
|
(146,255) |
|
| Operating lease liability - net of current portion |
|
(367,536) |
|
| Net purchase consideration |
|
$ |
3,423,791 |
|
The allocation of the total purchase price of 2022 CA Clinics Purchase was as follows:
|
|
|
|
|
|
|
|
|
| Property and equipment |
|
$ |
677,518 |
|
| Tenant improvement allowance |
|
55,790 |
|
| Operating lease right-of-use asset |
|
1,520,353 |
|
| Intangible assets |
|
1,480,359 |
|
| Total assets acquired |
|
3,734,020 |
|
| Deferred revenue |
|
(215,555) |
|
| Operating lease liability - current portion |
|
(200,877) |
|
| Operating lease liability - net of current portion |
|
(1,422,461) |
|
| Net purchase consideration |
|
$ |
1,895,127 |
|
|
| Schedule Of Assets And Liabilities Held For Sale |
The principal components of the held for sale assets and liabilities as of December 31, 2023 were as follows:
|
|
|
|
|
|
|
December 31, 2023 |
| Assets |
|
Property and equipment, net |
$ |
4,887,220 |
|
| Operating lease right-of-use asset |
9,193,496 |
|
| Intangible assets, net |
3,351,430 |
|
| Goodwill |
1,140,529 |
|
| Valuation allowance |
(657,620) |
|
| Total assets held for sale |
$ |
17,915,055 |
|
|
|
| Liabilities |
|
| Operating lease liability, current and non-current |
$ |
10,209,382 |
|
| Deferred revenue from company clinics |
3,622,481 |
|
| Total liabilities to be disposed of |
$ |
13,831,863 |
|
|