Acquisition of Businesses and Asset Acquisitions (Tables)

3 Months Ended

Mar. 31, 2023

Acquisition of Businesses and Asset Acquisitions [Abstract]

Schedule of the assets acquired and liabilities assumed

	Cardiac RMS LLC		Location Medical Services		Community Ambulance Service			Ryan Brothers		Exceptional Medical Transport		Government Medical Services		Total
Consideration:
Cash consideration	$	9,000,000	$	302,450	$	5,541,269		$	7,422,252	$	6,375,000	$	20,338,789	$	48,979,760
Stock consideration		1,000,000		-		-			-		-		-		1,000,000
Deferred consideration		-		11,279,201		-			-		6,000,000		-		17,279,201
Amounts held under an escrow account		-		-		-			-		1,333,333		-		1,333,333
Contingent consideration		15,822,190		2,475,540		-			4,000,000		1,080,000		3,000,000		26,377,730
Total consideration		25,822,190		14,057,191		5,541,269			11,422,252		14,788,333		23,338,789		94,970,024
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash	$	1,574,604	$	5,404,660	$	892,218		$	620,248	$	299,050	$	1,005,453	$	9,796,233
Accounts receivable		2,033,533		623,635		7,002,325			5,844,494		3,785,490		3,975,160		23,264,637
Other current assets		293,478		134,216		1,167,326			136,157		-		30,734		1,761,911
Property, plant and equipment		-		519,391		4,548,956			2,125,134		2,450,900		4,092		9,648,473
Intangible assets		15,930,000		2,419,600		-			387,550		125,000		10,305,000		29,167,150
Total identifiable assets acquired		19,831,615		9,101,502		13,610,825			9,113,583		6,660,440		15,320,439		73,638,404
Accounts payable	$	28,978	$	40,447	$	2,036,714		$	44,911	$	-	$	137,239		2,288,289
Due to seller		2,448,460		-		-			5,844,494		4,084,540		-		12,377,494
Other current liabilities		174,177		1,012,992		4,439,230			286,792		-		562,809		6,476,000
Total liabilities assumed		2,651,615		1,053,439		6,475,944			6,176,197		4,084,540		700,048		21,141,783
Goodwill/(Gain on bargain purchase)		8,642,190		6,009,128		(1,593,612	)		8,484,866		12,212,433		8,718,398		42,473,403
Total purchase price	$	25,822,190	$	14,057,191	$	5,541,269		$	11,422,252	$	14,788,333	$	23,338,789	$	94,970,024