Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v3.21.1
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2020
Business Combinations [Abstract]  
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
    Year Ended  
    December 31,  
    2019  
    (unaudited)  
Net revenue   $ 18,453,443  
Net loss from continuing operations     (46,780,311 )
Net loss     (48,231,180 )
Deemed dividend from trigger of down round provision feature     (123,861,587 )
Net loss to common stockholders   $ (172,092,767 )
         
Net loss per common share:        
Basic and diluted continuing operations   $ (305.04 )
Basic and diluted loss to common stockholders   $ (308.09 )