Leases

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Leases

Note 9 – Leases

The hospital facilities have entered into hospital property and equipment rental agreements with various lessors. The hospital facilities (“ER Entities”) have related party lease agreements with consolidated Real Estate Entities, which are eliminated and not shown in the tables below. Nutex has provided a corporate guarantee of these leases. Other facility leases with related parties are presented in our consolidated balance sheets and shown below when the associated Real Estate Entity is not consolidated. Third party leases include hospital facilities and medical equipment leases. The discount rate used in determining the present value of lease payment at commencement was 5% and 15%, respectively, for building and equipment leases.

The following tables disclose information about our leases of property and equipment:

	Three months ended June 30				Six months ended June 30
	2022		2021		2022		2021
Operating lease cost	$	862,642	$	662,104	$	1,555,311	$	1,013,461
Finance lease cost:
Amortization of right-of-use assets		3,539,969		572,052		4,467,633		1,129,023
Interest on lease liabilities		3,770,058		503,968		4,750,677		1,002,396
Total finance lease cost	$	7,310,027	$	1,076,020	$	9,218,310	$	2,131,419

		Operating Leases						Finance Leases
Minimum lease payments for the next five years:		Third-parties			Related parties			Third-parties			Related parties
2022	$	1,020,472		$	298,260		$	1,193,459		$	5,666,492
2023		2,065,162			604,631			2,450,062			11,450,611
2024		2,086,611			627,080			2,129,408			11,703,516
2025		2,136,809			638,490			1,905,419			11,873,566
2026		2,035,479			662,159			1,949,506			12,049,752
2027		2,026,407			674,251			1,994,625			12,227,137
Thereafter		8,350,671			5,171,218			33,997,249			221,826,195
Total minimum lease payments		19,721,611			8,676,089			45,619,728			286,797,269
Less interest		(1,722,511	)		(2,348,744	)		(17,644,332	)		(118,583,875	)
Total lease liabilities	$	17,999,100		$	6,327,345		$	27,975,396		$	168,213,394