SCHEDULE OF FINANCIAL ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON RECURRING BASIS |
The
following table represents the Company’s hierarchy for its financial assets and liabilities measured at fair value on a recurring
basis as of September 30, 2022 and December 31, 2021:
SCHEDULE OF FINANCIAL ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON RECURRING BASIS
| |
Level 1 | | |
Level 2 | | |
Level 3 | | |
Total | |
| |
September 30, 2022 | |
| |
Level 1 | | |
Level 2 | | |
Level 3 | | |
Total | |
Liabilities: | |
| | |
| | |
| | |
| |
Warrant derivative liabilities | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
Contingent consideration promissory notes and
contingent consideration earn-out agreement | |
| — | | |
| — | | |
| 1,091,821 | | |
| 1,091,821 | |
Liabilities, fair value | |
$ | — | | |
$ | — | | |
$ | 1,091,821 | | |
$ | 1,091,821 | |
| |
Level 1 | | |
Level 2 | | |
Level 3 | | |
Total | |
| |
December 31, 2021 | |
| |
Level 1 | | |
Level 2 | | |
Level 3 | | |
Total | |
Liabilities: | |
| | |
| | |
| | |
| |
Warrant derivative liabilities | |
$ | — | | |
$ | — | | |
$ | 14,846,932 | | |
$ | 14,846,932 | |
Contingent consideration promissory notes and contingent consideration earn-out agreement | |
| — | | |
| — | | |
| 967,212 | | |
| 967,212 | |
Liabilities, fair value | |
$ | — | | |
$ | — | | |
$ | 15,814,144 | | |
$ | 15,814,144 | |
|
SCHEDULE OF FAIR VALUE MEASUREMENTS CHANGE IN LEVEL 3 INPUTS |
The
following table represents the change in Level 3 tier value measurements for the periods ended September 30, 2022:
SCHEDULE OF FAIR VALUE MEASUREMENTS CHANGE IN LEVEL 3 INPUTS
| |
Contingent
Consideration
Promissory Notes | | |
Warrant Derivative
Liabilities | |
| |
| | | |
| | |
Balance, December 31, 2021 | |
$ | 967,212 | | |
$ | 14,846,932 | |
| |
| | | |
| | |
Issuance of contingent consideration promissory note - Revenue Cycle Management Segment Acquisition | |
| 750,000 | | |
| — | |
| |
| | | |
| | |
Issuance of contingent consideration promissory note - Revenue Cycle Management Segment Acquisition | |
| 105,000 | | |
| — | |
| |
| | | |
| | |
Principal payments on contingent consideration promissory notes – Revenue Cycle Management Acquisitions | |
| (116,198 | ) | |
| — | |
| |
| | | |
| | |
Change in fair value of contingent consideration promissory notes - Revenue Cycle Management Acquisitions | |
| 56,050 | | |
| — | |
| |
| | | |
| | |
Change in fair value of warrant derivative liabilities | |
| — | | |
| (148,171 | ) |
| |
| | | |
| | |
Balance, March 31, 2022 | |
$ | 1,762,064 | | |
$ | 14,698,761 | |
| |
| | | |
| | |
Principal payments on contingent consideration promissory notes – Revenue Cycle Management Acquisitions | |
| (100,624 | ) | |
| — | |
| |
| | | |
| | |
Change in fair value of contingent consideration promissory notes - Revenue Cycle Management Acquisitions | |
| (542,096 | ) | |
| — | |
| |
| | | |
| | |
Change in fair value of warrant derivative liabilities | |
| — | | |
| (5,413,618 | ) |
| |
| | | |
| | |
Balance, June 30, 2022 | |
$ | 1,119,344 | | |
$ | 9,285,143 | |
| |
| | | |
| | |
Principal payments on contingent consideration promissory notes – Revenue Cycle Management Acquisitions | |
| (166,400 | ) | |
| — | |
| |
| | | |
| | |
Change in fair value of contingent consideration promissory notes - Revenue Cycle Management Acquisitions | |
| 138,877 | | |
| — | |
| |
| | | |
| | |
Change in fair value of warrant derivative liabilities | |
| — | | |
| (1,164,849 | ) |
| |
| | | |
| | |
Gain on extinguishment of warrant derivative liabilities | |
| — | | |
| (3,624,794 | ) |
| |
| | | |
| | |
Issuance of common stock through warrant exchange agreement | |
| — | | |
| (4,495,500 | ) |
| |
| | | |
| | |
Balance, September 30, 2022 | |
$ | 1,091,821 | | |
$ | — | |
|