| 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: |
2021 |
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2020 |
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Corporate clinics |
$ |
9,470,860 |
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$ |
7,294,295 |
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Franchise operations |
8,077,105 |
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6,350,191 |
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Total revenues |
$ |
17,547,965 |
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$ |
13,644,486 |
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Depreciation and amortization: |
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| Corporate clinics |
1,093,833 |
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577,543 |
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| Franchise operations |
342 |
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342 |
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| Corporate administration |
75,691 |
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76,364 |
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| Total depreciation and amortization |
$ |
1,169,866 |
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$ |
654,249 |
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Segment operating income: |
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Corporate clinics |
$ |
1,349,057 |
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$ |
783,706 |
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Franchise operations |
3,847,773 |
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2,844,298 |
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Total segment operating income |
$ |
5,196,830 |
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$ |
3,628,004 |
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| Reconciliation of total segment operating income to consolidated earnings before income taxes: |
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| Total segment operating income |
$ |
5,196,830 |
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$ |
3,628,004 |
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Unallocated corporate |
(3,225,154) |
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(2,874,654) |
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| Consolidated income from operations |
1,971,676 |
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753,350 |
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| Other expense, net |
21,537 |
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4,337 |
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| Income before income tax benefit |
$ |
1,950,139 |
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$ |
749,013 |
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| Reconciliation of Assets from Segment to Consolidated |
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| Segment assets: |
March 31,
2021 |
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December 31,
2020 |
| Corporate clinics |
$ |
27,788,949 |
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$ |
24,928,311 |
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| Franchise operations |
10,192,465 |
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9,744,375 |
| Total segment assets |
37,981,414 |
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34,672,686 |
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| Unallocated cash and cash equivalents and restricted cash |
18,007,150 |
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20,819,629 |
| Unallocated property and equipment |
999,468 |
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1,063,815 |
| Other unallocated assets |
9,919,527 |
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9,176,713 |
| Total assets |
$ |
66,907,559 |
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$ |
65,732,843 |
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