GKCE ACQUISITION (Tables)

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Schedule of purchase price consideration

The fair value of assets acquired and liabilities assumed were as follows:

	June 12, 2020
Cash and cash equivalents	$	432,000
Accounts receivable	854,000
Prepaid expense and other	22,000
Building	385,000
Land	19,000
Medical equipment	319,000
Purchased intangible assets	78,000
Goodwill	1,265,000
Total assets acquired	$	3,374,000
Accounts payable	$	(193,000)
Income taxes payable	(141,000)
Deferred income taxes	(66,000)
Employee compensation and benefits	(91,000)
Total liabilities assumed	(491,000)
Consideration allocated to assets acquired and liabilities assumed	$	2,883,000
First working capital payment	$	(515,000)
Estimated subsequent working capital payment	(368,000)
Base purchase consideration	$	2,000,000

Schedule of tangible assets acquired as part of business combination

The preliminary value of the acquired tangible assets acquired are as follows:

	Fair Value		Useful Life (in Years)
Building	$	385,000	20
Land	19,000
Medical equipment	302,000		2
Other fixed assets	17,000		2
Total tangible assets	$	723,000