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Segment Information
 6 Months Ended
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