Discontinued Operations

12 Months Ended

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Note 4: Discontinued Operations

On December 8, 2023, the Company sold the remaining assets of The Good Clinic, LLC to Leading Primary Care LLC, a company organized by Michael C. Howe, the former CEO of The Good Clinic, LLC for total consideration of approximately $2.5 million. ASC 360-10-45-9 requires that a long-lived asset (disposal group) to be sold shall be classified as held for sale in the period in which a set of criteria have been met, including criteria that the sale of the asset (disposal group) is probable and actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. This criteria was achieved on December 8, 2023. Additionally, the discontinued operations are comprised of the entirety of The Good Clinic, LLC. For comparability purposes certain prior period line items relating to the assets held for sale have been reclassified and presented as discontinued operations for all periods presented in the accompanying condensed consolidated statements of net loss and comprehensive loss and the condensed consolidated balance sheets.

The following information presents the major classes of line item of assets and liabilities included as part of discontinued operations in the consolidated balance sheets:

	December 31,		December 31,
	2023		2022
Current assets - discontinued operations:
Accounts receivable		-		30,943
Prepaid expenses and deposits		-		62,090
Total current assets - discontinued operations	$	-	$	93,033
Noncurrent assets - discontinued operations:
Property and equipment	$	-	$	1,832,973
Right-of-use assets		-		460,254
Total noncurrent assets - discontinued operations	$	-	$	2,293,227
Accrued interest – related party		-		150,039
Note payable – related party		-		1,995,667
Total current liabilities - discontinued operations	$	-	$	2,145,706

The following information presents the major classes of line items constituting the after-tax loss from discontinued operations in the consolidated statements of operations:

	Year Ended
	December 31,			December 31,
	2023			2022
Revenue	$	181,012		$	690,533
Cost of goods sold		-			76,530
Gross margin		181,012			614,003
Selling, general, and administrative expenses		(1,166,121	)		(7,046,984	)
Impairment of assets		(2,211,462	)		(7,597,558	)
Other (income) expense:
Interest expense		(306,032	)		(1,105,256	)
Gain on sale of assets		11,268			-
Gain on settlement of accounts payable		81,263			-
Gain on settlement of operating lease		2,041,080			-
Loss from discontinued operations, net of tax	$	(1,368,991	)	$	(14,959,433	)

The following information presents the major classes of line items constituting significant operating and investing cash flow activities in the consolidated statements of cash flows relating to discontinued operations:

	Year Ended
	December 31,		December 31,
	2023		2022
Depreciation expense	$	81,765	$	804,882
Cash used for construction in progress and fixed assets	$	-	$	(1,733,117	)
Impairment of RTU assets	$	544,063	$	-
Impairment of property and equipment	$	1,667,399	$	-