Schedule of Preliminary Allocation of Assets Acquired and Liabilities Assumed |
The following table presents the assets acquired and liabilities assumed at the date of the acquisitions: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | PTI | | Ambulnz CO | | CRMS | | Total | | | | | | | | | | Consideration: | | | | | | | | | Cash consideration | | $ | 3,800,000 | | | $ | 1,848,000 | | | $ | 9,000,000 | | | $ | 14,648,000 | | Stock consideration | | — | | | — | | | 1,000,000 | | | 1,000,000 | | Deferred consideration | | 179,081 | | | — | | | — | | | 179,081 | | Contingent liability | | 240,000 | | | — | | | 15,822,190 | | | 16,062,190 | | Total consideration | | $ | 4,219,081 | | | $ | 1,848,000 | | | $ | 25,822,190 | | | $ | 31,889,271 | | | | | | | | | | | Recognized amounts of identifiable assets acquired and liabilities assumed | | | | | | | | | Cash | | $ | 153,682 | | | $ | — | | | $ | 1,574,604 | | | $ | 1,728,286 | | Accounts receivable | | 521,806 | | | — | | | 2,033,533 | | | 2,555,339 | | Prepaid expenses | | 36,622 | | | — | | | — | | | 36,622 | | Other current assets | | 388,641 | | | — | | | 293,478 | | | 682,119 | | Intangible assets | | 2,224,990 | | | — | | | 15,930,000 | | | 18,154,990 | | Total identifiable assets acquired | | 3,325,741 | | | — | | | 19,831,615 | | | 23,157,356 | | | | | | | | | | | Accounts payable | | — | | | — | | | 28,978 | | | 28,978 | | Due to seller | | 910,447 | | | — | | | 2,448,460 | | | 3,358,907 | | Accrued liabilities | | 111,223 | | | — | | | — | | | 111,223 | | Other current liabilities | | — | | | — | | | 174,177 | | | 174,177 | | Total liabilities assumed | | 1,021,670 | | | — | | | 2,651,615 | | | 3,673,285 | | | | | | | | | | | Noncontrolling interests | | — | | | 2,188,450 | | | — | | | 2,188,450 | | | | | | | | | | | Goodwill | | 1,915,010 | | | — | | | 8,642,190 | | | 10,557,200 | | Additional paid-in-capital | | — | | | (340,450) | | | — | | | (340,450) | | | | | | | | | | | Total purchase price | | $ | 4,219,081 | | | $ | 1,848,000 | | | $ | 25,822,190 | | | $ | 31,889,271 | |
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