Goodwill (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Activities in Goodwill

Following is a summary of Activities in goodwill for the years ended December 31, 2020 and 2019:

Balance, December 31, 2018	$	-
Goodwill acquired in 2019		379,479
Balance, December 31, 2019		379,479
Goodwill acquired in 2020		697,429
Balance, December 31, 2020	$	1,076,908

Southern Hills Rehab Center LLC [Member]

Schedule of Assets Acquired and Liabilities Assumed

The following table summarizes the consideration paid and the amounts of the assets acquired, and liabilities assumed recognized at the acquisition date.

Consideration
Write-off of note receivable from the Receiver	$	750,000
Cash (to be paid subsequent to December 31, 2019 in equal monthly installments of $8,000 over 22 months)		176,000
Cash (paid in advance)		24,000
Total consideration		950,000
Recognized amounts of identifiable assets acquired, and liabilities assumed
Cash and Cash Equivalents		39,831
Accounts Receivable		740,742
Property and Equipment		165,458
Prepaid Expenses and Other		710
Intangible Assets		42,185
Accounts Payable and Accrued Liabilities		(418,405	)
Total identifiable net assets		570,521
Goodwill	$	379,479
Acquisition-related costs (included in the Company’s consolidated statement of operations for the year ended December 31, 2019)	$	62,882

Schedule of Pro Forma Revenue

The unaudited pro forma amounts of SHR’s revenue and earning had the acquisition date been January 1, 2019 are as follows:

	Revenue		Net Income (Loss)
Actual from December 1, 2019 to December 31, 2019	$	526,787	$	(6,275	)
2019 supplemental pro forma from January 1, 2019 to December 31, 2019		13,005,638		(529,990	)

Global Eastman LLC [Member]

Schedule of Assets Acquired and Liabilities Assumed

The following table summarizes the amounts of the assets acquired and liabilities assumed recognized by the Company at the acquisition date.

Recognized amounts of identifiable assets acquired, and liabilities assumed
Cash and Cash Equivalents	$	532,690
Accounts Receivable		544,117
Property and Equipment		232,801
Prepaid Expenses		16,706
Intangible Assets		19,013
Accounts Payable and Accrued Liabilities		(2,042,756	)
Total identifiable net liabilities		(697,429	)
Goodwill	$	697,429
Acquisition-related costs (included in the Company’s consolidated statement of operations for the year ended December 31, 2020)	$	59,946

Schedule of Pro Forma Revenue

The unaudited pro forma amounts of Global Eastman’s revenue and earnings had the acquisition date been January 1, 2019 and 2020 are as follows:

	Revenue		Net Income (Loss)
Actual from July 1, 2020 to December 31, 2020	$	3,609,944	$	811,503
2020 supplemental pro forma from January 1, 2020 to December 31, 2020		24,689,774		3,441,898
2019 supplemental pro forma from January 1, 2019 to December 31, 2019		12,761,912		(841,035	)