Business Combination (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2021

Dec. 31, 2020

TOI Parent Inc.

Business Combination

Summary of fair value of assets acquired and liabilities assumed as part of the Acquisition

Consideration:
Cash	$	892,500
Deferred consideration arrangement		817,500
Fair value of total consideration transferred		1,710,000
Estimated fair value of assets acquired and liabilities assumed:
Cash		65,042
Accounts receivable		248,816
Inventory		62,656
Other receivables		149,398
Goodwill		1,453,486
Total assets acquired		1,979,398
Accounts payable		120,000
Debt, inclusive of PPP		149,398
Total liabilities assumed		269,398
Net assets acquired	$	1,710,000

Fair value of assets acquired and liabilities assumed:
Cash	$	505,317
Accounts receivable		11,097,858
Inventories		2,707,640
Prepaid expenses and other		144,447
Property and equipment, net		388,511
Goodwill		14,076,674
Intangible assets, net		25,234,000
Total assets acquired	$	54,154,447
Accounts payable	$	136,989
Accrued expenses and other current liabilities		7,658,103
Deferred tax liability		1,400,653
Total liabilities assumed	$	9,195,745
Net assets acquired	$	44,958,702