| 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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2023 |
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2022 |
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| Revenues: |
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(as restated) |
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| Corporate clinics |
$ |
17,127,957 |
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$ |
12,606,999 |
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| Franchise operations |
11,172,863 |
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9,629,752 |
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| Total revenues |
$ |
28,300,820 |
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$ |
22,236,751 |
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| Depreciation and amortization: |
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| Corporate clinics |
1,927,091 |
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1,083,676 |
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| Franchise operations |
198,974 |
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173,487 |
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| Corporate administration |
88,990 |
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79,493 |
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| Total depreciation and amortization |
$ |
2,215,055 |
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$ |
1,336,656 |
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| Segment operating (loss) income: |
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| Corporate clinics |
$ |
(422,053) |
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$ |
(145,544) |
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| Franchise operations |
4,541,899 |
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4,248,435 |
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| Total segment operating income |
$ |
4,119,846 |
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$ |
4,102,891 |
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| Reconciliation of total segment operating income to consolidated earnings before income taxes: |
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| Total segment operating income |
$ |
4,119,846 |
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$ |
4,102,891 |
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| Unallocated corporate |
(4,772,955) |
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(4,141,600) |
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| Consolidated (loss) from operations |
(653,109) |
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(38,709) |
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| Other income (expense), net |
3,821,162 |
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(16,147) |
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| (Loss) income before income tax benefit |
$ |
3,168,053 |
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$ |
(54,856) |
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| Schedule of Reconciliation of Assets from Segment to Consolidated |
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March 31,
2023 |
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December 31,
2022 |
| Segment assets: |
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(as restated) |
| Corporate clinics |
$ |
57,207,324 |
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$ |
56,008,234 |
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| Franchise operations |
12,855,697 |
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12,360,878 |
| Total segment assets |
70,063,021 |
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68,369,112 |
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| Unallocated cash and cash equivalents and restricted cash |
15,504,604 |
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10,550,417 |
| Unallocated property and equipment |
566,513 |
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915,216 |
| Other unallocated assets |
13,488,907 |
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13,655,632 |
| Total assets |
$ |
99,623,045 |
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$ |
93,490,377 |
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