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Acquisition of Businesses (Tables) | 9 Months Ended
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Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Schedule of Preliminary Allocation of Assets Acquired and Liabilities Assumed | The following table presents the assets acquired and liabilities assumed at the date of the acquisitions:
|  | Ambulnz CO |  | FMC NA |  | CRMS |  | Total
Consideration: |  |  |  |  |  |  |  |
Cash consideration |  | $ | 1,848,000 |  |  | $ | 4,000,000 |  |  | $ | 9,000,000 |  |  | $ | 14,848,000 |
Stock consideration |  | — |  |  | 3,000,000 |  |  | 1,000,000 |  |  | 4,000,000 |
Due to seller |  | — |  |  | — |  |  | — |  |  | — |
Amounts held under an escrow account |  | — |  |  | — |  |  | — |  |  | — |
Contingent liability |  | — |  |  | — |  |  | 15,822,190 |  |  | 15,822,190 |
Total consideration |  | $ | 1,848,000 |  |  | $ | 7,000,000 |  |  | $ | 25,822,190 |  |  | $ | 34,670,190 |
Recognized amounts of identifiable assets acquired and liabilities assumed |  |  |  |  |  |  |  |
Cash |  | $ | — |  |  | $ | — |  |  | $ | 1,574,604 |  |  | $ | 1,574,604 |
Accounts receivable |  | — |  |  | — |  |  | 2,033,533 |  |  | 2,033,533 |
Other current assets |  | — |  |  | — |  |  | 293,478 |  |  | 293,478 |
Property, plant and equipment |  | — |  |  | — |  |  | — |  |  | — |
Intangible assets |  | — |  |  | — |  |  | 15,930,000 |  |  | 15,930,000 |
Total identifiable assets acquired |  | — |  |  | — |  |  | 19,831,615 |  |  | 19,831,615 |
Accounts payable |  | — |  |  | — |  |  | 28,978 |  |  | 28,978 |
Due to seller |  | — |  |  | — |  |  | 2,448,460 |  |  | 2,448,460 |
Other current liabilities |  | — |  |  | — |  |  | 174,177 |  |  | 174,177 |
Total liabilities assumed |  | — |  |  | — |  |  | 2,651,615 |  |  | 2,651,615 |
Noncontrolling interests |  | 2,188,450 |  |  | 2,567,037 |  |  | — |  |  | 4,755,487 |
Goodwill |  | — |  |  | — |  |  | 8,642,190 |  |  | 8,642,190 |
Additional paid-in-capital |  | (340,450) |  |  | 4,432,963 |  |  | — |  |  | 4,092,513 |
Total purchase price |  | $ | 1,848,000 |  |  | $ | 7,000,000 |  |  | $ | 25,822,190 |  |  | $ | 34,670,190 |
Schedule of Pro Forma Combined Financial Information | The figures presented below for the three months ended September 30, 2023 represent the actual results of the Company, as the financial results of CRMS were consolidated in the Company’s results of operations for the entirety of the period.
|  | Three Months Ended September 30, 2023 |  | Nine Months Ended September 30, 2023
Revenue |  | $ | 186,552,910 |  |  | $ | 428,155,992 |
Net income |  | 4,630,239 |  |  | 3,093,862 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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