XML 14 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 52,922,517 $ 157,335,323
Accounts receivable, net of allowance of $4,778,401 and $7,818,702 as of September 30, 2023 and December 31, 2022, respectively 207,324,368 102,995,397
Assets held for sale 0 4,480,344
Prepaid expenses and other current assets 6,899,412 6,269,841
Total current assets 267,146,297 271,080,905
Property and equipment, net 21,852,663 21,258,175
Intangibles, net 38,586,498 22,969,246
Goodwill 47,594,304 38,900,413
Restricted cash 14,333,421 6,773,751
Operating lease right-of-use assets 9,420,525 9,074,277
Finance lease right-of-use assets 8,566,308 9,039,663
Equity method investments 447,125 597,977
Deferred tax assets 8,908,731 9,957,967
Other assets 2,928,270 3,625,254
Total assets 419,784,142 393,277,628
Current liabilities:    
Accounts payable 8,951,261 21,582,866
Accrued liabilities 58,883,665 31,573,031
Notes payable, current 696,053 664,913
Due to seller 12,995,455 26,244,133
Contingent consideration 26,238,486 10,555,540
Operating lease liability, current 2,561,165 2,325,024
Liabilities held for sale 0 4,480,344
Finance lease liability, current 2,733,332 2,732,639
Total current liabilities 113,059,417 100,158,490
Notes payable, non-current 2,044,938 1,236,601
Operating lease liability, non-current 7,196,596 7,040,982
Finance lease liability, non-current 5,930,776 5,914,164
Total liabilities 128,231,727 114,350,237
Commitments and contingencies
Stockholders’ equity:    
Common stock ($0.0001 par value; 500,000,000 shares authorized as of September 30, 2023 and December 31, 2022; 103,874,539 and 102,411,162 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 10,387 10,241
Additional paid-in-capital 315,745,338 301,451,435
Accumulated deficit (28,964,781) (28,972,216)
Accumulated other comprehensive income 808,171 741,206
Total stockholders’ equity attributable to DocGo Inc. and Subsidiaries 287,599,115 273,230,666
Noncontrolling interests 3,953,300 5,696,725
Total stockholders’ equity 291,552,415 278,927,391
Total liabilities and stockholders’ equity $ 419,784,142 $ 393,277,628