| SCHEDULE OF TERMINATION OF THE LEASE |
SCHEDULE
OF TERMINATION OF THE LEASE
| | |
| | |
| | |
| |
| | |
June 30, 2026 | |
| | |
First Choice Medical Group | | |
The Good Clinic | | |
First Choice Healthcare Solutions Consolidated | |
| | |
| | |
| | |
| |
| RTU Asset | |
$ | 3,151,460 | | |
$ | 1,628,964 | | |
$ | 4,780,424 | |
| RTU Accumulated Depreciation | |
| (1,368,349 | ) | |
| (689,885 | ) | |
| (2,058,234 | ) |
| Net RTU | |
$ | 1,783,111 | | |
$ | 939,079 | | |
$ | 2,722,191 | |
| | |
| | | |
| | | |
| | |
| LT Lease Liability | |
| 1,569,919 | | |
| 721,336 | | |
| 2,291,256 | |
| ST Lease Liability | |
| 338,108 | | |
| 46,587 | | |
| 384,696 | |
| Net Lease Liability | |
$ | 1,908,028 | | |
$ | 767,924 | | |
$ | 2,675,951 | |
| | |
| | | |
| | | |
| | |
| Gain / (Loss) from RTU less Liability | |
$ | 124,917 | | |
$ | (171,156 | ) | |
$ | (46,239 | ) |
| | |
| | | |
| | | |
| | |
| Surrendered deposits | |
| (93,739 | ) | |
| (21,570 | ) | |
| (115,308 | ) |
| | |
| | | |
| | | |
| | |
| Net Gain from lease termination | |
$ | 31,178 | | |
$ | (192,726 | ) | |
$ | (161,548 | ) |
| | |
| | | |
| | | |
| | |
| Negotiated Settlement (Net of outstanding AP) | |
| - | | |
| (46,527 | ) | |
| (46,527 | ) |
| | |
| | | |
| | | |
| | |
| Relief of Accounts Payable @ June 30 | |
| 3,507,450 | | |
| - | | |
| 3,507,450 | |
| | |
| | | |
| | | |
| | |
| Total Gain related to Lease and AP Liability | |
| 3,538,628 | | |
| (239,253 | ) | |
| 3,299,375 | |
| | |
| | | |
| | | |
| | |
| Conversion of Accounts Payable & Net RTU Gain to Series C | |
| (3,000,000 | ) | |
| - | | |
| (3,000,000 | ) |
| | |
| | | |
| | | |
| | |
| Gain / (Loss) on Lease Termination | |
$ | 538,628 | | |
$ | (239,253 | ) | |
$ | 299,375 | |
|
| SCHEDULE OF RENT INSTALLMENT PAYMENTS |
SCHEDULE
OF RENT INSTALLMENT PAYMENTS
| |
I. |
$200,000
by October 19, 2021 |
| |
II. |
$250,000
by November 15, 2021 |
| |
III. |
$306,166
by December 15, 2021 |
| |
IV. |
$275,000
by January 7, 2022 |
| |
V. |
$31,166
by January 15, 2022 |
| |
VI. |
$300,000
by February 8, 2022 |
| |
VII. |
$31,166
by February 15, 2022 |
|