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STRATEGIC INVESTMENTS AND BUSINESS COMBINATIONS (Tables) | 3 Months Ended
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Mar. 31, 2022
JP Kush and Associates Inc [Member] |
Business Acquisition [Line Items] |
SCHEDULE OF ALLOCATION OF PURCHASE PRICE | The allocation of the purchase price in connection with the Kush Acquisition was calculated as follows: SCHEDULE OF ALLOCATION OF PURCHASE PRICE
Description |  | Fair Value |  |  | Weighted Average Useful Life (Years)
Accounts receivable |  | $ | 291,414 |  |  |
Trade name and trademarks |  |  | 685,400 |  |  | 5
Customer relationships |  |  | 551,000 |  |  | 10
Non-competition agreements |  |  | 827,800 |  |  | 5
Goodwill |  |  | 1,288,552 |  |  | Indefinite
Purchase consideration allocated |  | $ | 3,644,166 |  |  |
SCHEDULE OF PRO FORMA INFORMATION RELATED TO ACQUISITION | SCHEDULE OF PRO FORMA INFORMATION RELATED TO ACQUISITION
|  |  | March 31, |
|  | 2021 |
Revenue |  | $ | 2,695,843 |
Net Income (Loss) |  | $ | (450,868 | )
Earnings (Loss) per common share, basic |  | $ | (0.90 | )
Earnings (Loss) per common share, diluted |  | $ | (0.90 | )
Medigap Healthcare Insurance Company [Member] |
Business Acquisition [Line Items] |
SCHEDULE OF ALLOCATION OF PURCHASE PRICE | The preliminary allocation of the purchase price in connection with the acquisition of Medigap was calculated as follows: SCHEDULE OF ALLOCATION OF PURCHASE PRICE
Description |  | Fair Value |  |  | Weighted Average Useful Life (Years)
Property, plant and equipment |  | $ | 20,666 |  |  | 5
Right-of-use asset |  |  | 317,787 |  |  |
Trade names |  |  | 340,000 |  |  | 15
Customer relationships |  |  | 4,550,000 |  |  | 12
Technology |  |  | 67,000 |  |  | 3
Backlog |  |  | 210,000 |  |  | 1
Chargeback reserve |  |  | (1,484,473 | ) |  |
Lease liability |  |  | (317,787 | ) |  |
Goodwill |  |  | 19,199,008 |  |  | Indefinite
|  | $ | 22,902,201 |  |  |
SCHEDULE OF PRO FORMA INFORMATION RELATED TO ACQUISITION | SCHEDULE OF PRO FORMA INFORMATION RELATED TO ACQUISITION
|  |  | March 31, |  |  |  | March 31, |
|  | 2022 |  |  | 2021 |
Revenue |  | $ | 4,659,451 |  |  | $ | 3,602,106 |
Net Income (Loss) |  | $ | 9,355,584 |  |  | $ | (566,903 | )
Earnings (Loss) per common share, basic |  | $ | 7.65 |  |  | $ | 1.2 | )
Earnings (Loss) per common share, diluted |  | $ | 1.80 |  |  | $ | 1.2 | )

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + 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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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