SEGMENT REPORTING

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

SEGMENT REPORTING

16. SEGMENT REPORTING

As of December 31, 2024, the Company had two reportable operating segments as determined by management using the “management approach” as defined by the authoritative guidance on Disclosures about Segments of an Enterprise and Related Information.

(1)	Healthcare (Nova)
(2)	Real Estate (Edge View)

These segments are a result of differences in the nature of the products and services sold. Their operating results are regularly reviewed by the Company’s chief operating decision maker group, which consists of the Chairman of the Board, the Chief Executive Officer and the Chief Financial Officer. Corporate administration costs, which include, but are not limited to, general accounting, human resources, legal and credit and collections, are partially allocated to the two operating segments.

The healthcare segment provides a full range of diagnostic and surgical services for injuries and disorders of the skeletal system and associated bones, joints, tendons, muscles, ligaments, and nerves.

The real estate segment consists of Edge View, a real estate company that owns five (5) acres zoned medium density residential (MDR) with 12 lots already platted, six (6) acres zoned high-density residential (HDR) that can be platted in various configurations to meet current housing needs, and twelve (12) acres zoned in Lemhi County as Agriculture that is available for further annexation into the City of Salmon for development, as well as a common area for landowners to view wildlife, provide access to the Salmon River and fishing in a two (2) acre pond.

The accounting policies of the segments are the same as those described in Note 1. Summary of Significant Accounting Policies. Management uses revenues, cost of sales, operating expenses, income (loss) from subsidiaries and income (loss) before taxes to evaluate and measure its subsidiaries’ success. To help the segments achieve optimal operating performance, management retains the prior owners of the subsidiaries and allows them to do what they do best, which is run the business. Additionally, management monitors key metrics primarily revenues and income from operations in order to allocate resources accordingly.

	As of December 31,
Asset:	2024		2023
Healthcare	$	21,298,866	$	18,955,991
Real Estate		576,478		587,456
Corporate		2,050,335		1,202,364
Consolidated assets	$	23,925,679	$	20,745,811

	Years Ended December 31,
	2024			2023
Revenues:
Healthcare	$	8,720,176		$	11,853,266
Real Estate		–			–
Consolidated revenues	$	8,720,176		$	11,853,266
Cost of Sales:
Healthcare	$	3,841,628		$	3,560,624
Real Estate		–			–
Consolidated cost of sales	$	3,841,628		$	3,560,624
Operating Expenses:
Healthcare
Depreciation expense	$	13,461		$	20,777
Selling, General and Administrative		1,148,971			971,016
Total Healthcare		1,162,432			991,793
Real Estate		8,949			3,716
Corporate, administration and other expenses (a)		3,450,621			2,102,088
Consolidated Operating Expenses	$	4,622,002		$	3,097,597
Income (Loss) from Operations from Subsidiaries:
Healthcare	$	3,266,065		$	7,300,849
Real Estate		(8,949	)		(3,716	)
Income (loss) from operations from subsidiaries		3,257,116			7,297,133
Loss from operations from Cardiff Lexington		(3,450,620	)		(2,102,088	)
Total income (loss) from operations	$	(193,504	)	$	5,195,045
Income (Loss) before taxes
Healthcare	$	3,266,065		$	5,973,233
Real Estate		(8,949	)		(3,716	)
Corporate, administration and non-operating expenses (b)		(6,448,803	)		(2,854,603	)
Consolidated income (loss) before taxes	$	(3,191,687	)	$	3,114,914

(a) Corporate, administration and other operating expenses includes payroll, management fees, stock compensation, legal fees, accounting fees and public company/investor relations fees.

(b) Corporate, administration and other non-operating expenses includes corporate selling, general and administrative expenses as noted above as well as interest, amortization of notes payable discount and gain on settlement of debt.