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Acquisition of Businesses (Tables)
9 Months Ended
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
CRMSTotal
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 interests2,188,450 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, 2023Nine Months Ended September 30, 2023
Revenue$186,552,910 $428,155,992 
Net income
4,630,239 3,093,862