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ACQUISITIONS AND DISPOSITIONS (Tables) | 9 Months Ended
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Sep. 30, 2023
Acquisitions And Dispositions |
SCHEDULE OF PURCHASE PRICE ALLOCATION | The provisional Amended Purchase Price allocation as of the acquisition date is presented as follows: SCHEDULE OF PURCHASE PRICE ALLOCATION
|  | July 31, 2023 |
Purchase consideration: |  |  |  |
Common Stock, at fair value |  | $ | 996,019 |
Series B Preferred Stock, at fair value |  |  | 11,504,070 |
Total purchase consideration |  | $ | 12,500,089 |
Purchase price allocation: |  |  |  |
Cash |  | $ | 5,546 |
Prepaid expenses |  |  | 3,705 |
Inventory |  |  | 122,792 |
Intangible assets, net |  |  | 9,777,478 |
Goodwill |  |  | 5,129,116 |
Assets acquired |  |  | 15,038,637 |
Accounts payable and other current liabilities |  |  | (633,548 | )
Notes payable |  |  | (1,905,000 | )
Liabilities assumed |  |  | (2,538,548 | )
Net assets acquired |  | $ | 12,500,089 |
SCHEDULE OF FAIR VALUES OF ASSETS ACQUIRED | The following summarizes the provisional relative fair values of the assets acquired as of the acquisition date based on the allocation of the cost of the asset acquisition: SCHEDULE OF FAIR VALUES OF ASSETS ACQUIRED
|  | September 27, 2023 |
Purchase consideration: |  |  |  |
Promissory note |  | $ | 3,150,000 |
Total purchase consideration |  | $ | 3,150,000 |
Allocation of cost of assets acquired: |  |  |  |
Inventory |  | $ | 2,960,235 |
Property and equipment |  |  | 231,170 |
Operating right-of-use assets |  |  | 383,218 |
Assets acquired |  |  | 3,574,623 |
Liabilities assumed |  |  | (424,623 | )
Net assets acquired |  | $ | 3,150,000 |
SCHEDULE OF FINANCIAL STATEMENTS OF DISCONTINUED OPERATIONS | SCHEDULE OF FINANCIAL STATEMENTS OF DISCONTINUED OPERATIONS
|  | September 30, 2023 |  |  | December 31, 2022 |
Cash |  | $ | - |  |  | $ | 22,474 |
Accounts receivable |  |  | - |  |  |  | 363 |
Total assets of discontinued operations |  | $ | - |  |  | $ | 22,837 |
Accounts payable |  | $ | - |  |  | $ | 46,500 |
Total liabilities of discontinued operations |  | $ | - |  |  | $ | 46,500 |
SCHEDULE OF ASSETS AND LIABILITIES | As a result of the transactions, the following assets and liabilities of APS and CSP were transferred to Wood Sage as of August 22, 2023: SCHEDULE OF ASSETS AND LIABILITIES
|  | Alliance Pharma Solutions, LLC |  |  | Community Specialty Pharmacy, LLC |
Cash |  | $ | 1,050 |  |  | $ | 61,988 |
Accounts receivable, net |  |  | - |  |  |  | 11,452 |
Inventory |  |  | - |  |  |  | 123,230 |
Prepaid assets |  |  | - |  |  |  | 525 |
Intangible assets and capitalized software, net |  |  | 739,337 |  |  |  | - |
Accounts payable |  |  | (23,982 | ) |  |  | (231,876 | )
Accrued liabilities |  |  | - |  |  |  | (10,182 | )
Net assets sold |  | $ | 716,405 |  |  | $ | (44,863 | )
SCHEDULE OF DISCONTINUED OPERATIONS | SCHEDULE OF DISCONTINUED OPERATIONS
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | SOSRx |  |  | APS |  |  | CSP |  |  | Total |
|  | Three Months Ended September 30, |  |  | Three Months Ended September 30, |  |  | Three Months Ended September 30, |  |  | Three Months Ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Revenue |  | $ | - |  |  | $ | 3,368 |  |  | $ | - |  |  | $ | - |  |  | $ | 124,238 |  |  | $ | 341,140 |  |  | $ | 124,238 |  |  | $ | 344,508 |
Cost of sales |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 127,671 |  |  |  | 314,945 |  |  |  | 127,671 |  |  |  | 314,945 |
Gross profit |  |  | - |  |  |  | 3,368 |  |  |  | - |  |  |  | - |  |  |  | (3,433 | ) |  |  | 26,195 |  |  |  | (3,433 | ) |  |  | 29,563 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wage and salary expense |  |  | - |  |  |  | 17,689 |  |  |  | - |  |  |  | - |  |  |  | 108,772 |  |  |  | 70,002 |  |  |  | 108,772 |  |  |  | 87,691 |
Professional fees |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 10,471 |  |  |  | 18,079 |  |  |  | 2,094 |  |  |  | 18,079 |  |  |  | 12,565 |
Accounting and legal expense |  |  | - |  |  |  | - |  |  |  | 1,948 |  |  |  | 104 |  |  |  | 700 |  |  |  | 500 |  |  |  | 2,648 |  |  |  | 604 |
Technology expense |  |  | - |  |  |  | 23,000 |  |  |  | 4,177 |  |  |  | 31,564 |  |  |  | 2,231 |  |  |  | 5,445 |  |  |  | 6,408 |  |  |  | 60,009 |
General and administrative |  |  | - |  |  |  | 29,907 |  |  |  | 134 |  |  |  | 3,527 |  |  |  | 4,257 |  |  |  | 25,428 |  |  |  | 4,391 |  |  |  | 58,862 |
Total operating expense |  |  | - |  |  |  | 70,596 |  |  |  | 6,259 |  |  |  | 45,666 |  |  |  | 134,039 |  |  |  | 103,469 |  |  |  | 140,298 |  |  |  | 219,731 |
Operating loss from discontinued operations |  |  | - |  |  |  | (67,228 | ) |  |  | (6,259 | ) |  |  | (45,666 | ) |  |  | (137,472 | ) |  |  | (77,274 | ) |  |  | (143,731 | ) |  |  | (190,168 | )
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gain (loss) on disposal of assets |  |  | - |  |  |  | - |  |  |  | (1,783,209 | ) |  |  | 1,900 |  |  |  | (1,426,567 | ) |  |  | - |  |  |  | (3,209,776 | ) |  |  | 1,900 |
Total other income (expense) |  |  | - |  |  |  | - |  |  |  | (1,783,209 | ) |  |  | 1,900 |  |  |  | (1,426,567 | ) |  |  | - |  |  |  | (3,209,776 | ) |  |  | 1,900 |
Loss from discontinued operations |  | $ | - |  |  | $ | (67,228 | ) |  | $ | (1,789,468 | ) |  | $ | (43,766 | ) |  | $ | (1,564,039 | ) |  | $ | (77,274 | ) |  | $ | (3,353,507 | ) |  | $ | (188,268 | )
Loss per common share from discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | - |  |  | $ | (0.12 | ) |  | $ | (2.32 | ) |  | $ | (0.08 | ) |  | $ | (2.03 | ) |  | $ | (0.14 | ) |  | $ | (4.35 | ) |  | $ | (0.34 | )
Diluted |  | $ | - |  |  | $ | (0.12 | ) |  | $ | (0.76 | ) |  | $ | (0.08 | ) |  | $ | (0.66 | ) |  | $ | (0.14 | ) |  | $ | (1.42 | ) |  | $ | (0.34 | )
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
|  | SOSRx |  |  | ASP |  |  | CSP |  |  | Total |
|  | Nine months ended September 30, |  |  | Nine months ended September 30, |  |  | Nine months ended September 30, |  |  | Nine months ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Revenue |  | $ | - |  |  | $ | 20,424 |  |  | $ | - |  |  | $ | - |  |  | $ | 761,306 |  |  | $ | 905,083 |  |  | $ | 761,306 |  |  | $ | 925,507 |
Cost of sales |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 705,206 |  |  |  | 1,019,470 |  |  |  | 705,206 |  |  |  | 1,019,470 |
Gross profit |  |  | - |  |  |  | 20,424 |  |  |  | - |  |  |  | - |  |  |  | 56,100 |  |  |  | (114,387 | ) |  |  | 56,100 |  |  |  | (93,963 | )
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wage and salary expense |  |  | - |  |  |  | 54,939 |  |  |  | - |  |  |  | - |  |  |  | 456,297 |  |  |  | 180,819 |  |  |  | 456,297 |  |  |  | 235,758 |
Professional fees |  |  | - |  |  |  | - |  |  |  | 3,125 |  |  |  | 44,962 |  |  |  | 20,246 |  |  |  | 5,572 |  |  |  | 23,371 |  |  |  | 50,534 |
Accounting and legal expense |  |  | - |  |  |  | - |  |  |  | 7,773 |  |  |  | 104 |  |  |  | 63,000 |  |  |  | 500 |  |  |  | 70,773 |  |  |  | 604 |
Technology expense |  |  | - |  |  |  | 53,910 |  |  |  | 20,611 |  |  |  | 83,659 |  |  |  | 9,464 |  |  |  | 13,989 |  |  |  | 30,075 |  |  |  | 151,558 |
General and administrative |  |  | - |  |  |  | 33,873 |  |  |  | 3,762 |  |  |  | 10,761 |  |  |  | 32,830 |  |  |  | 47,945 |  |  |  | 36,592 |  |  |  | 92,579 |
Total operating expense |  |  | - |  |  |  | 142,722 |  |  |  | 35,271 |  |  |  | 139,486 |  |  |  | 581,837 |  |  |  | 248,825 |  |  |  | 617,108 |  |  |  | 531,033 |
Operating loss from discontinued operations |  |  | - |  |  |  | (122,298 | ) |  |  | (35,271 | ) |  |  | (139,486 | ) |  |  | (525,737 | ) |  |  | (363,212 | ) |  |  | (561,008 | ) |  |  | (624,996 | )
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gain (loss) on disposal of assets |  |  | (352,244 | ) |  |  | - |  |  |  | (1,783,209 | ) |  |  | 1,900 |  |  |  | (1,426,567 | ) |  |  | - |  |  |  | (3,562,020 | ) |  |  | 1,900 |
Total other income (expense) |  |  | (352,244 | ) |  |  | - |  |  |  | (1,783,209 | ) |  |  | 1,900 |  |  |  | (1,426,567 | ) |  |  | - |  |  |  | (3,562,020 | ) |  |  | 1,900 |
Loss from discontinued operations |  | $ | (352,244 | ) |  | $ | (122,298 | ) |  | $ | (1,818,480 | ) |  | $ | (137,586 | ) |  | $ | (1,952,304 | ) |  | $ | (363,212 | ) |  | $ | (4,123,028 | ) |  | $ | (623,096 | )
Loss per common share from discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.50 | ) |  | $ | (0.22 | ) |  | $ | (2.57 | ) |  | $ | (0.25 | ) |  | $ | (2.76 | ) |  | $ | (0.66 | ) |  | $ | (5.82 | ) |  | $ | (1.14 | )
Diluted |  | $ | (0.15 | ) |  | $ | (0.22 | ) |  | $ | (0.79 | ) |  | $ | (0.25 | ) |  | $ | (0.85 | ) |  | $ | (0.66 | ) |  | $ | (1.79 | ) |  | $ | (1.14 | )

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