Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

Acquisition (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Assets Acquired and Liabilities Assumed

The following table shows the allocation of the purchase price of Jellico Community Hospital and CarePlus Center to the acquired identifiable assets acquired, and liabilities assumed:

Total purchase price	$	658,537
Tangible and intangible assets acquired, and liabilities assumed at estimated fair value:
Inventories	$	317,427
Property and equipment		500,000
Intangible asset- certificate of need		250,000
Accrued expenses		(158,890	)
Net tangible and intangible assets acquired	$	908,537
Gain on bargain purchase	$	250,000

Schedule of Unaudited Pro-forma of Results of Operations

The following presents the unaudited pro-forma combined results of operations of the Company and Jellico Community Hospital and CarePlus Center as if the acquisition had occurred on January 1, 2019. The unaudited pro-forma results of operations are presented for information purposes only. The unaudited pro-forma results of operations are not intended to present actual results that would have been attained had the acquisition been completed as of January 1, 2019 or to project potential operating results as of any future date or for any future periods.

	Three Months Ended
	March 31, 2019

Net revenue	$	6,908,270
Net loss from continuing operations		(13,133,608	)
Deemed dividends from trigger of down round provision feature		(123,861,587	)
Net loss from discontinued operations		(508,609	)
Net loss to common stockholders	$	(137,503,804	)

Net loss per common share:
Basic and diluted continuing operations	$	(0.10	)
Basic and diluted net loss	$	(0.10	)