Annual report pursuant to Section 13 and 15(d)

Intangible Asset

Intangible Asset
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Asset

Note 6 – Intangible Asset


At December 31, 2021 and 2020, the Company had an intangible asset valued at $259,443, which is a certificate of need acquired in the Jamestown Regional Medical Center acquisition. The certificate of need has an indefinite life and was recently renewed.


The Company determined that Jellico’s intangible asset, which was a certificate of need, valued at $250,000, was impaired due to the closure of the hospital in March 2021. The Company reduced the value of this intangible asset to $0 at December 31, 2020.