Quarterly report pursuant to Section 13 or 15(d)

Acquisition and Assets Held for Sale (Tables)

v3.22.2
Acquisition and Assets Held for Sale (Tables)
 6 Months Ended
Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The allocation of the purchase price was as follows:
Property and equipment $ 235,558 
Operating lease right-of-use asset 823,869 
Intangible assets 2,983,200 
Total identifiable assets acquired 4,042,627 
Goodwill 2,965,375 
Deferred revenue (493,060)
Operating lease liability - current portion (107,694)
Operating lease liability - net of current portion (716,476)
Net purchase consideration $ 5,690,772 
Schedule of Business Acquisition, Pro Forma Information
The following table summarizes selected unaudited pro forma consolidated income statements for the three and six months ended June 30, 2022 and 2021 as if the Acquisition had been completed on January 1, 2021.
Three Months Ended Six Months Ended
June 30, June 30,
2022 2021 2022 2021
Revenues, net $ 25,460,843  $ 20,865,081  $ 48,707,055  $ 38,991,550 
Net income (loss) 246,439  2,696,323  (29,417) 4,997,646 
Summary Of Assets And Liabilities Held For Sale The principal components of the held for sale assets and liabilities as of June 30, 2022 were as follows:
June 30, 2022
Assets
Property and equipment, net
$ 288,192 
Operating lease right-of-use asset 359,807 
Total assets held for sale $ 647,999 
Liabilities
Operating lease liability, current and non-current $ (428,593)
Deferred revenue from company clinics (54,351)
Total liabilities to be disposed of $ (482,944)