| Schedule of Recognized Identified Assets Acquired and Liabilities Assumed |
The allocation of the total purchase price of the 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 |
|
|
| Schedule of Assets and Liabilities Held for Sale |
The principal components of the held for sale assets and liabilities as of December 31, 2023 and June 30, 2024 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30,
2024 |
|
December 31,
2023 |
| Assets |
|
|
|
Property and equipment, net |
$ |
4,680,677 |
|
|
$ |
4,887,220 |
|
| Operating lease right-of-use asset |
9,231,454 |
|
|
9,193,496 |
|
| Intangible assets, net |
3,288,812 |
|
|
3,351,430 |
|
| Goodwill |
781,543 |
|
|
1,140,529 |
|
| Valuation allowance |
(1,296,238) |
|
|
(657,620) |
|
| Total assets held for sale |
$ |
16,686,248 |
|
|
$ |
17,915,055 |
|
|
|
|
|
| Liabilities |
|
|
|
| Operating lease liability, current and non-current |
$ |
8,688,387 |
|
|
$ |
10,209,382 |
|
| Deferred revenue from company clinics |
3,452,183 |
|
|
3,622,481 |
|
| Total liabilities to be disposed of |
$ |
12,140,570 |
|
|
$ |
13,831,863 |
|
|