v3.25.2
Note 10 - Rhode Island Acquisition (Tables)
6 Months Ended
Jun. 30, 2025
Notes Tables  
Business Combination [Table Text Block]
  

May 7, 2024

  

Remeasurement

  

December 31, 2024

 

Cash and cash equivalents

 $3,388,000  $-  $3,388,000 

Accounts receivable

  919,000   (542,000)  377,000 

Medical equipment

  2,403,000   -   2,403,000 

Facilities

  4,697,000   -   4,697,000 

ROU assets

  1,835,000   -   1,835,000 

Unfavorable leasehold interests

  (1,227,000)  451,000   (776,000)

Total assets acquired

  12,015,000   (91,000)  11,924,000 
             

Accounts payable

  (150,000)  -   (150,000)

Lease liabilities

  (1,835,000)  -   (1,835,000)

Deferred income taxes

  (1,226,000)  6,000   (1,220,000)

Gain on bargain purchase

  (3,679,000)  (115,000)  (3,794,000)

Base purchase consideration

  5,125,000   (200,000)  4,925,000 
             

Non-controlling interest

  (2,100,000)  200,000   (1,900,000)

CT Sim

  (175,000)  -   (175,000)

Cash paid by the Company

 $2,850,000  $-  $2,850,000 
Tangible Assets Acquired as Part of Business Combination [Table Text Block]
  

Fair Value

  

Average Useful Life (in Years)

 
         

Facilities

 $4,697,000   15 

Medical equipment

  2,403,000   4 

Total medical equipment and facilities acquired

 $7,100,000