| Schedule of Segment Reporting Information, by Segment |
The following tables 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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2024 |
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2023 |
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| Revenues: |
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| Corporate clinics |
$ |
17,537,504 |
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$ |
17,127,957 |
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| Franchise operations |
12,184,662 |
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11,172,863 |
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| Total revenues |
$ |
29,722,166 |
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$ |
28,300,820 |
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| Depreciation and amortization: |
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| Corporate clinics |
1,104,232 |
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1,927,091 |
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| Franchise operations |
219,250 |
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198,974 |
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| Corporate administration |
80,424 |
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88,990 |
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| Total depreciation and amortization |
$ |
1,403,906 |
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$ |
2,215,055 |
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| Segment operating income (loss): |
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| Corporate clinics |
$ |
1,486,910 |
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$ |
(422,053) |
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| Franchise operations |
5,337,948 |
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4,541,899 |
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| Total segment operating income |
$ |
6,824,858 |
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$ |
4,119,846 |
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| Reconciliation of total segment operating income to consolidated earnings before income taxes: |
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| Total segment operating income |
$ |
6,824,858 |
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$ |
4,119,846 |
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| Unallocated corporate |
(5,734,582) |
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(4,772,955) |
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| Consolidated income (loss) from operations |
1,090,276 |
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(653,109) |
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| Other income, net |
35,630 |
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3,821,162 |
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| Income before income tax benefit |
$ |
1,125,906 |
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$ |
3,168,053 |
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| Schedule of Reconciliation of Assets from Segment to Consolidated |
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March 31,
2024 |
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December 31,
2023 |
| Segment assets: |
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| Corporate clinics |
$ |
50,809,138 |
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$ |
52,210,617 |
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| Franchise operations |
11,928,759 |
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10,521,582 |
| Total segment assets |
62,737,897 |
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62,732,199 |
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| Unallocated cash and cash equivalents and restricted cash |
19,666,842 |
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19,214,292 |
| Unallocated property and equipment |
561,340 |
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2,843,491 |
| Other unallocated assets |
2,717,475 |
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2,360,877 |
| Total assets |
$ |
85,683,554 |
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$ |
87,150,859 |
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