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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]  
Schedule of Assets Acquired and Liabilites Assumed

The following table shows the allocation of the purchase price of Jamestown Regional Medical Center to the acquired identifiable assets acquired, and liabilities assumed:

 

 

Total purchase price  $635,096 
Tangible and intangible assets acquired, and liabilities assumed at estimated fair value:     
Cash  $375 
Inventories   450,682 
Prepaids and deposits   310,385 
Property and equipment   7,129,484 
Intangible assets   504,806 
Accrued expenses   (193,966)
Net tangible and intangible assets acquired  $8,201,766 
Gain on bargain purchase  $7,566,670 
Schedule of Intangible Assets Acquisition

The intangible assets acquired in the Jamestown acquisition consisted of the following at December 31, 2018:

 

  

Acquired in

2018

   Life 

Impairment in

2018

  

Amortization for the
Year Ended

December 31, 2018

  

Carrying Value

December 31, 2018

 
Certificate of need  $259,443   Infinite  $-   $-   $259,443 
Non-compete   245,363   2 yrs.   (173,799)   (71,564)   - 
Total intangibles  $504,806      $(173,799)  $(71,564)  $259,443
Schedule of Impaired Asset of Operations Results

As noted in the table above, we fully impaired the non-compete intangible asset acquired in the acquisition of Jamestown Regional Medical Center at December 31, 2018. We determined that this asset was impaired primarily due to the operating results of Jamestown Regional Medical Center since the acquisition on June 1, 2018, which were as follows:

 

  

For the Period

June 1, 2018
to

December 31, 2018
(unaudited)

 
Net Revenue  $7,898,222 
Net Loss  $(2,022,380
Schedule of Unaudited Pro-forma of Results of Operations

The following presents the unaudited pro-forma combined results of operations of the Company and Jamestown Regional Medical Center as if the acquisition had occurred on January 1, 2017.

 

   Year Ended 
   December 31, 
   2018   2017 
   (unaudited) 
Net revenue  $19,983,266   $19,446,732 
Net loss from continuing operations   (15,720,672)   (55,305,325)
Net loss   (16,155,515)   (59,582,243)
Deemed dividend from trigger of down round provision feature   (231,843,826)   (53,341,619)
Net loss to common stockholders  $(247,999,341)  $(112,923,862)
           
Net loss per common share:          
Basic and diluted continuing operations  $(24.70)  $(23,537.03)
Basic and diluted net loss to common stockholders  $(24.75)  $(24,463.57)