Segment Reporting

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

SEGMENT REPORTING

NOTE 16 – SEGMENT REPORTING

The Company has two reportable segments: Health Services and Digital Healthcare. Health Services is comprised of the operations of (i) NWC, a multi-specialty medical group including OB/GYN (both Obstetrics and Gynecology), and General Practice, and (ii) NCFM, a Functional Medical Practice acquired in April 2019 that is engaged in improving the health of its patients through individualized and integrative health care. The Company's Digital Healthcare segment develops and plans to operate an online personal medical information and record archive system, the "HealthLynked Network," which will enable patients and doctors to keep track of medical information via the Internet in a cloud-based system.

The Company evaluates performance and allocates resources based on profit or loss from operations before income taxes. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies.

Segment information for the years ended December 31, 2019 and 2018 was as follows:

	Year Ended December 31, 2019									Year Ended December 31, 2018
	Health Services			Digital Healthcare			Total			Health Services			Digital Healthcare			Total
Revenue
Patient service revenue, net	$	4,018,818		$	—		$	4,018,818		$	2,259,002		$	—		$	2,259,002
Operating Expenses
Practice salaries and benefits		2,137,257			—			2,137,257			1,446,243			—			1,446,243
Other practice operating costs		2,101,767			—			2,101,767			916,408			—			916,408
General and administrative		—			2,915,419			2,915,419			—			2,844,715			2,844,715
Depreciation and amortization		71,006			2,379			73,385			21,870			1,912			23,782
Total Operating Expenses		4,310,030			2,917,798			7,227,828			2,384,521			2,846,627			5,231,148
Loss from operations	$	(291,212	)	$	(2,917,798	)	$	(3,209,010	)	$	(125,519	)	$	(2,846,627	)	$	(2,972,146	)
Other Segment Information
Interest expense	$	22,782		$	221,303		$	244,085		$	24,356		$	168,753		$	193,109
Loss on extinguishment of debt	$	—		$	1,229,777		$	1,229,777		$	—		$	393,123		$	393,123
Financing cost	$	—		$	135,528		$	135,528		$	—		$	1,221,911		$	1,221,911
Amortization of original issue and debt discounts on convertible notes	$	—		$	1,260,513		$	1,260,513		$	—		$	763,616		$	763,616
Change in fair value of debt	$	—		$	121,508		$	121,508		$	—		$	140,789		$	140,789
Change in fair value of derivative financial instruments	$	—		$	(671,822	)	$	(671,822	)	$	—		$	106,141		$	106,141

	December 31, 2019						December 31, 2018
Identifiable assets	$	2,428,752	$	117,802	$	2,546,554	$	184,912	$	242,451	$	427,363
Goodwill	$	71,866	$	—	$	71,866	$	—	$	—	$	—

The Digital Healthcare segment recognized revenue of $6,374 and $13,388 in the years ended December 31, 2019 and 2018, respectively, related to subscription revenue billed to and paid for by the Company's physicians for access to the HealthLynked Network. The revenue for Digital Healthcare and related expense for Health Services were eliminated on consolidation.