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Segment Information | 6 Months Ended
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Jun. 30, 2024
Segment Information [Abstract] |
SEGMENT INFORMATION | NOTE 14 – SEGMENT INFORMATION On February 9, 2023, the Company purchased 40% of Lab Services MSO. Commencing from the purchase date, February 9, 2023, the Company is active in the management of Lab Services MSO. During the three and six months ended June 30, 2024 and 2023, the Company operated in two reportable business segments: (1) the real property operating segment, and (2) laboratory testing services segment (which commenced with the purchase date, February 9, 2023) since Lab Services MSO’s operating results are regularly reviewed by the Company’s chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance. The Company regularly reviews the operating results and performance of Lab Services MSO, which is the Company’s equity method investee. Information with respect to these reportable business segments for the three and six months ended June 30, 2024 and 2023 was as follows:
|  | Three Months Ended June 30, 2024 |
|  | Real Property Operations |  |  | Lab Services MSO |  |  | Corporate / Other |  |  | Total |
Real property rental revenue |  | $ | 327,887 |  |  | $ | - |  |  | $ | - |  |  | $ | 327,887 |
Real property operating expenses |  |  | (285,488 | ) |  |  | - |  |  |  | - |  |  |  | (285,488 | )
Real property operating income |  |  | 42,399 |  |  |  | - |  |  |  | - |  |  |  | 42,399 |
Loss from equity method investment - Lab Services MSO |  |  | - |  |  |  | (329,337 | ) |  |  | - |  |  |  | (329,337 | )
Other operating expenses |  |  | (94,054 | ) |  |  | - |  |  |  | (1,123,371 | ) |  |  | (1,217,425 | )
Other (expense) income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | (194,307 | ) |  |  | - |  |  |  | (613,554 | ) |  |  | (807,861 | )
Other (expense) income |  |  | (148 | ) |  |  | - |  |  |  | 180,346 |  |  |  | 180,198 |
Net loss |  | $ | (246,110 | ) |  | $ | (329,337 | ) |  | $ | (1,556,579 | ) |  | $ | (2,132,026 | )
|  | Three Months Ended June 30, 2023 |
|  | Real Property Operations |  |  | Lab Services MSO |  |  | Corporate / Other |  |  | Total |
Real property rental revenue |  | $ | 306,905 |  |  | $ | - |  |  | $ | - |  |  | $ | 306,905 |
Real property operating expenses |  |  | (245,403 | ) |  |  | - |  |  |  | - |  |  |  | (245,403 | )
Real property operating income |  |  | 61,502 |  |  |  | - |  |  |  | - |  |  |  | 61,502 |
Income from equity method investment - Lab Services MSO |  |  | - |  |  |  | 104,651 |  |  |  | - |  |  |  | 104,651 |
Other operating expenses |  |  | (79,630 | ) |  |  | - |  |  |  | (2,154,891 | ) |  |  | (2,234,521 | )
Other (expense) income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | - |  |  |  | - |  |  |  | (246,278 | ) |  |  | (246,278 | )
Other income (expense) |  |  | 3 |  |  |  | - |  |  |  | (432,414 | ) |  |  | (432,411 | )
Net (loss) income |  | $ | (18,125 | ) |  | $ | 104,651 |  |  | $ | (2,833,583 | ) |  | $ | (2,747,057 | )
|  | Six Months Ended June 30, 2024 |
|  | Real Property Operations |  |  | Lab Services MSO |  |  | Corporate / Other |  |  | Total |
Real property rental revenue |  | $ | 642,475 |  |  | $ | - |  |  | $ | - |  |  | $ | 642,475 |
Real property operating expenses |  |  | (548,614 | ) |  |  | - |  |  |  | - |  |  |  | (548,614 | )
Real property operating income |  |  | 93,861 |  |  |  | - |  |  |  | - |  |  |  | 93,861 |
Loss from equity method investment - Lab Services MSO |  |  | - |  |  |  | (221,868 | ) |  |  | - |  |  |  | (221,868 | )
Other operating expenses |  |  | (208,341 | ) |  |  | - |  |  |  | (2,011,077 | ) |  |  | (2,219,418 | )
Other (expense) income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | (388,614 | ) |  |  | - |  |  |  | (938,254 | ) |  |  | (1,326,868 | )
Other (expense) income |  |  | (144 | ) |  |  | - |  |  |  | 174,898 |  |  |  | 174,754 |
Net loss |  | $ | (503,238 | ) |  | $ | (221,868 | ) |  | $ | (2,774,433 | ) |  | $ | (3,499,539 | )
|  | Six Months Ended June 30, 2023 |
|  | Real Property Operations |  |  | Lab Services MSO |  |  | Corporate / Other |  |  | Total |
Real property rental revenue |  | $ | 603,070 |  |  | $ | - |  |  | $ | - |  |  | $ | 603,070 |
Real property operating expenses |  |  | (493,848 | ) |  |  | - |  |  |  | - |  |  |  | (493,848 | )
Real property operating income |  |  | 109,222 |  |  |  | - |  |  |  | - |  |  |  | 109,222 |
Income from equity method investment - Lab Services MSO |  |  | - |  |  |  | 15,560 |  |  |  | - |  |  |  | 15,560 |
Other operating expenses |  |  | (193,341 | ) |  |  | - |  |  |  | (4,753,136 | ) |  |  | (4,946,477 | )
Other (expense) income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | - |  |  |  | - |  |  |  | (402,504 | ) |  |  | (402,504 | )
Other income (expense) |  |  | 7 |  |  |  | - |  |  |  | (442,609 | ) |  |  | (442,602 | )
Net (loss) income |  | $ | (84,112 | ) |  | $ | 15,560 |  |  | $ | (5,598,249 | ) |  | $ | (5,666,801 | )
Identifiable long-lived tangible assets at June 30, 2024 and December 31, 2023 |  | June 30, 2024 |  |  | December 31, 2023 |
Real property operations |  | $ | 7,122,988 |  |  | $ | 7,211,641 |
Corporate/Other |  |  | 17,492 |  |  |  | 17,846 |
Total |  | $ | 7,140,480 |  |  | $ | 7,229,487 |
Identifiable long-lived tangible assets at June 30, 2024 and December 31, 2023 |  | June 30, 2024 |  |  | December 31, 2023 |
United States |  | $ | 7,138,880 |  |  | $ | 7,227,533 |
China |  |  | 1,600 |  |  |  | 1,954 |
Total |  | $ | 7,140,480 |  |  | $ | 7,229,487 |

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