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Segment Reporting
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
An operating segment is defined as a component of an enterprise for which discrete financial information is available and is reviewed regularly by the Chief Operating Decision Maker (“CODM”) to evaluate performance and make operating decisions. The Company has identified its CODM as the Chief Executive Officer.
The Company has two operating business segments and one non-operating business segment. The Corporate Clinics segment is composed of the operating activities of the company-owned or managed clinics. As of September 30, 2022, the Company operated or managed 115 clinics under this segment. The Franchise Operations segment is composed of the operating activities of the franchise business unit. As of September 30, 2022, the franchise system consisted of 690 clinics in operation. Corporate is a non-operating segment that develops and implements strategic initiatives and supports the Company’s two operating business segments by centralizing key administrative functions such as finance and treasury, information technology, insurance and risk management, legal and human resources. Corporate also provides the necessary administrative functions to support the Company as a publicly-traded company. A portion of the expenses incurred by Corporate are allocated to the operating segments.
The tables below present financial information for the Company’s two operating business segments.
Three Months EndedNine Months Ended
September 30,September 30,
Revenues:2022202120222021
Corporate clinics$15,836,327 $11,634,009 $42,936,298 $32,537,942 
Franchise operations10,766,673 9,357,612 31,162,558 26,220,441 
Total revenues$26,603,000 $20,991,621 $74,098,856 $58,758,383 
Depreciation and amortization:
Corporate clinics1,736,757 1,538,251 4,543,253 3,879,786 
Franchise operations189,426 165,475 549,161 166,159 
Corporate administration85,585 (41,471)249,006 229,195 
Total depreciation and amortization$2,011,768 $1,662,255 $5,341,420 $4,275,140 
Segment operating income (loss):
Corporate clinics$(291,866)$1,241,081 $(417,313)$4,415,793 
Franchise operations5,195,558 4,156,829 13,803,845 11,887,071 
Total segment operating income$4,903,692 $5,397,910 $13,386,532 $16,302,864 
Reconciliation of total segment operating income to consolidated earnings before income taxes:
Total segment operating income$4,903,692 $5,397,910 $13,386,532 $16,302,864 
Unallocated corporate(4,403,220)(4,059,032)(12,589,279)(10,957,559)
Consolidated income from operations500,472 1,338,878 797,253 5,345,305 
Other expense, net(25,235)(16,139)(60,668)(54,050)
Income before income tax benefit$475,237 $1,322,739 $736,585 $5,291,255 
Segment assets:September 30,
2022		December 31,
2021
Corporate clinics$52,689,649 $40,722,898 
Franchise operations13,057,20512,593,912
Total segment assets65,746,85453,316,810
Unallocated cash and cash equivalents10,272,11219,912,338
Unallocated property and equipment900,494857,176
Other unallocated assets11,371,93811,367,885
Total assets$88,291,398 $85,454,209 
“Unallocated cash and cash equivalents and restricted cash” relates primarily to corporate cash and cash equivalents and restricted cash (see Note 1), “unallocated property and equipment” relates primarily to corporate fixed assets, and “other unallocated assets” relates primarily to deposits, prepaid and other assets.