XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Revenue, net $ 109,519,304 $ 62,185,997 $ 227,410,856 $ 111,555,391
Expenses:        
Cost of revenues (exclusive of depreciation and amortization, which is shown separately below) 70,176,462 41,023,082 148,164,035 76,883,824
Operating expenses:        
General and administrative 24,637,618 15,976,151 48,498,234 27,797,606
Depreciation and amortization 2,037,771 1,897,051 4,238,792 3,494,727
Legal and regulatory 3,061,276 1,176,711 4,409,259 1,833,369
Technology and development 1,148,320 664,882 2,290,153 1,126,282
Sales, advertising and marketing 1,000,100 1,189,361 2,258,061 2,034,781
Total expenses 102,061,547 61,927,238 209,858,534 113,170,589
Income (loss) from operations 7,457,757 258,759 17,552,322 (1,615,198)
Other income (expenses):        
Interest income (expense), net 98,276 (130,129) (37,330) (245,138)
Gain on remeasurement of warrant liabilities 3,027,766 2,969,017
Gain on initial equity method investments 89,810 6,469
Gain on remeasurement of finance leases 1,388,273 1,388,273
Loss on disposal of fixed assets (27,730) (27,730)
Other income 15,640 11,387
Total other income (expense) 4,619,765 (157,859) 4,337,816 (272,868)
Net income (loss) before income tax benefit (expense) 12,077,522 100,900 21,890,138 (1,888,066)
Income tax (expense) benefit (321,660) 1,107 (761,839) (8,923)
Net income (loss) 11,755,862 102,007 21,128,299 (1,896,989)
Net income (loss) attributable to noncontrolling interests (979,791) 1,748,223 (2,237,048) 1,427,591
Net income (loss) attributable to stockholders of DocGo Inc. and Subsidiaries 12,735,653 (1,646,216) 23,365,347 (3,324,580)
Other comprehensive income (loss)        
Foreign currency translation adjustment 10,434 94,655 4,571 102,653
Total comprehensive gain (loss) $ 12,746,087 $ (1,551,561) $ 23,369,918 $ (3,221,927)
Net income (loss) per share attributable to DocGo Inc. and Subsidiaries - Basic (in Dollars per share) $ 0.13 $ (18.19) $ 0.23 $ (36.73)
Weighted-average shares outstanding - Basic (in Shares) 99,303,948 90,505 100,372,146 90,505
Net income (loss) per share attributable to DocGo Inc. and Subsidiaries - Diluted (in Dollars per share) $ 0.11 $ (18.19) $ 0.2 $ (36.73)
Weighted-average shares outstanding - Diluted (in Shares) 115,279,676 90,505 116,347,874 90,505