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Acquisition of Businesses and Asset Acquisitions (Tables)
12 Months Ended
Dec. 31, 2021
DocGo Inc. and Subsidiaries [Member]  
Acquisition of Businesses and Asset Acquisitions (Tables) [Line Items]  
Schedule of allocated based on the purchase price

Consideration:

 

 

 

Cash consideration

 

$

465,000

Contingent consideration – collection of accounts receivable

 

 

372,168

Total consideration

 

$

837,168

   

 

 

Recognized amounts of identifiable assets acquired and liabilities assumed

 

 

 

Accounts receivable

 

$

744,336

Other current assets

 

 

3,427

Property, plant and equipment

 

 

372,800

Intangible assets

 

 

200,000

Total identifiable assets acquired

 

 

1,320,563

   

 

 

Notes payable

 

 

372,921

Accounts receivable collections payable

 

 

372,168

Accounts payable and accrued expenses

 

 

41,423

Total liabilities assumed

 

 

786,512

   

 

 

Goodwill

 

 

303,117

Total purchase price

 

$

837,168

Consideration:

 

 

 

Cash consideration:

 

 

 

Paid at transaction date

 

$

1,300,000

Cash at closing

 

 

600,000

Liabilities assumed:

 

 

 

Lease liabilities

 

 

124,233

Loans

 

 

278,828

Line of credit

 

 

25,881

Total consideration

 

$

2,328,942

   

 

 

Recognized amounts of identifiable assets and liabilities assumed:

 

 

 

Vehicles

 

$

45,500

Equipment

 

 

82,800

ROU assets

 

 

124,233

Total tangible assets acquired

 

$

252,533

Goodwill

 

$

2,076,409

Total assets acquired

 

$

2,328,942