Variable Interest Entities (VIEs)

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Variable Interest Entities (VIEs)

Note 17 - Variable Interest Entities (VIEs)

A VIE is defined as a legal entity whose equity owners do not have sufficient equity at risk, or, as a group, the holders of the equity investment at risk lack any of the following three characteristics: decision-making rights, the obligation to absorb losses, or the right to receive the expected residual returns of the entity. The primary beneficiary is identified as the variable interest holder that has both the power to direct the activities of the VIE that most significantly affect the entity’s economic performance and the obligation to absorb expected losses or the right to receive benefits from the entity that could potentially be significant to the VIE.

The Company follows guidance on the consolidation of VIEs that requires companies to utilize a qualitative approach to determine whether it is the primary beneficiary of a VIE. See Note 3 to the accompanying consolidated financial statements for information on how the Company determines VIEs and its treatment.

The following table includes assets that can only be used to settle the liabilities of AHPIPA and the creditors of AHPIPA have no recourse to the Company. These assets and liabilities are included in the accompanying consolidated balance sheets.

	December 31,
	2021
ASSETS
Current Assets
Cash and cash equivalents	$	3,215,844
Accounts receivable		369,539
Prepaid expenses and other assets		44,350
Total Current Assets		3,629,723
Other Assets
Goodwill		31,733,526
Right of use asset, net		98,088
Intangible assets, net		6,555,306
Total Other Assets		38,386,920
Total Assets	$	42,016,643
Current Liabilities
Accounts payable and accrued expenses	$	2,696,726
Lease liability - current		46,593
Total Current Liabilities		2,743,319
Long-term Liabilities
Lease liability – long-term		55,906
Total Liabilities	$	2,799,225