| SCHEDULE OF THE ASSIGNMENT OF GAIN ON DECONSOLIDATION OF SUBSIDIARIES |
SCHEDULE OF THE ASSIGNMENT OF GAIN ON DECONSOLIDATION OF SUBSIDIARIES
| | |
| | |
| | |
September
7, 2021 | |
| Liabilities deconsolidated: | |
| | |
| Notes payable (a) | |
$ | 3,908,050 | |
| Accounts payable | |
| 1,242,421 | |
| Accrued expenses | |
| 314,927 | |
| Insurance payable | |
| 1,678,556 | |
| Contingency liabilities | |
| 3,311,272 | |
| Lease liabilities, current portion | |
| 1,263,494 | |
| Accrued compensation
and related benefits | |
| 827,753 | |
| Total liabilities
deconsolidated | |
| 12,546,473 | |
| Assets deconsolidated: | |
| | |
| Cash | |
| 21,679 | |
| Accounts receivable | |
| 1,078 | |
| Property and equipment,
net | |
| 96,496 | |
| Total assets deconsolidated | |
| 119,253 | |
| Gain on deconsolidation of subsidiaries | |
| 12,427,220 | |
| Less: additional
cash payments made on behalf of deconsolidated subsidiaries | |
| (63,771 | ) |
| Gain on deconsolidation
of subsidiaries | |
$ | 12,363,449 | |
|