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ABC and Held for Sale
 9 Months Ended
Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]  
ABC and Held for Sale ABC and Held for SaleDuring the fiscal year 2022, the Company started discussions regarding the potential liquidation process of Health through an ABC, with a targeted timeline for the transaction to be fully closed in December 2022. The conversation involved operations, human resources, external legal counsel, and Amb, LLC, a California limited liability company (the “Assignee”). Due to operational processes, the filing was extended and finalized on February 3, 2023.
An ABC is a liquidation process governed by state law (California law in this instance) that is an alternative to a bankruptcy case under federal law. Prior to commencing the ABC, Health ceased business operations and all of its employees were terminated and treated in accordance with California law. In the ABC, all of Health’s assets were transferred to the Assignee, who acted as a fiduciary for creditors and in a capacity equivalent to that of a bankruptcy trustee. The Assignee was responsible for liquidating the assets. Similar to a bankruptcy case, there was a claims process. Creditors of Health received notice of the ABC and a proof of claim form and were required to submit a proof of claim in order to participate in distribution of net liquidation proceeds by the Assignee.

As of December 31, 2022, Health met the criteria to be classified as held for sale. As such, the Company is required to record Health’s assets and liabilities at the lower of carrying value or fair value less any costs to sell and present the related assets and liabilities as separate line items in the Condensed Consolidated Balance Sheets.

The following table presents information related to the major classes of assets and liabilities that were classified as held for sale in the Company’s Consolidated Balance Sheet as of December 31, 2022 and September 30, 2023:
Pre ABC Adjustment2022 AdjustmentsDecember 31,YTD 2023 AdjustmentsSeptember 30,
20222023
ASSETS
Current assets:
Cash and cash equivalents$(190,312)$190,312 $— $— $— 
Accounts receivable, net1,219,927 (1,219,927)— — — 
Prepaid expenses and other current assets22,850 (22,850)— — — 
Total current assets1,052,465 (1,052,465)— — — 
Property and equipment, net1,107,279 (1,107,279)— — — 
Intangibles, net30,697 (30,697)— — — 
Goodwill5,085,689 (5,085,689)— — — 
Operating lease right-of-use assets29,753 (29,753)— — — 
Assets held for sale— 4,480,344 4,480,344 (4,480,344)— 
Other assets18,053,495 (96,419)17,957,076 (17,957,076)— 
Total assets$25,359,378 $(2,921,958)$22,437,420 $(22,437,420)$— 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable$196,122 $(196,122)$— $— $— 
Accrued liabilities63,655,442 (4,250,603)59,404,839 (59,404,839)— 
Operating lease liability, current33,619 (33,619)— — — 
Liabilities held for sale— 4,480,344 4,480,344 (4,480,344)— 
Total current liabilities63,885,183 — 63,885,183 (63,885,183)— 
Total liabilities$63,885,183 $— $63,885,183 $(63,885,183)$— 
Stockholders' equity:
Accumulated deficit$(38,525,805)$(2,921,958)$(41,447,763)$41,447,763 $— 
Total stockholders’ equity attributable to DocGo Inc. and Subsidiaries(38,525,805)(2,921,958)(41,447,763)41,447,763 — 
Noncontrolling interests— — — — — 
Total stockholders’ equity$(38,525,805)$(2,921,958)$(41,447,763)$41,447,763 $— 
Total liabilities and stockholders’ equity$25,359,378 $(2,921,958)$22,437,420 $(22,437,420)$— 

The intercompany receivables and intercompany payables are eliminated in the Company’s Consolidated Balance Sheet.