ACQUISITION AND RELATED TRANSACTIONS |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||
| Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||
| ACQUISITION AND RELATED TRANSACTIONS | NOTE 10 – ACQUISITION AND RELATED TRANSACTIONS
On April 1, 2025, the Company acquired 100% of the outstanding equity interests of Las Villas Health Care, LLC (“Las Villas”) and DOCConsultations, LLC (“DOCConsultations”) for total cash consideration of $200,000. The transactions were accounted for as business combinations in accordance with ASC 805. The transactions resulted in the recognition of goodwill of $117,694.
On April 1, 2025, the Company also acquired an 80% controlling interest in MagneChef through the acquisition of Magnefuse LLC and Alicat, LLC for total cash consideration of $240,500. This transaction was also accounted for as a business combination in accordance with ASC 805. The acquisition resulted in the recognition of goodwill of $234,068 and a noncontrolling interest of $60,126.
The following table summarizes the preliminary allocation of the aggregate purchase price to the estimated fair value of the assets acquired and liabilities assumed:
Assets and Liabilities acquired from Villas, DOC, Magnefuse, LLC. and Alicat, LLC, are as follows:
Goodwill represents the excess of the purchase price over the fair value of identifiable net assets acquired and is primarily attributable to expected synergies, workforce in place, and future economic benefits arising from the acquisitions.
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