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STRATEGIC INVESTMENTS AND BUSINESS COMBINATIONS (Tables)

6 Months Ended

Jun. 30, 2022

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

		June 30,				June 30,
		2022				2021
Revenue		$	8,809,482			$	7,071,329
Net Income (Loss)		$	19,849,175			$	(1,796,767	)
Earnings (Loss) per common share, basic		$	11.25			$	2.85	)
Earnings (Loss) per common share, diluted		$	8.85	)		$	2.85	)

Barra [Member]

Business Acquisition [Line Items]

SCHEDULE OF ALLOCATION OF PURCHASE PRICE

The preliminary allocation of the purchase price in connection with the acquisition of Barra was calculated as follows:

SCHEDULE OF ALLOCATION OF PURCHASE PRICE 

Description		Fair Value				Weighted Average Useful Life (Years)
Acquired accounts receivable		$	92,585
Property, plant and equipment			8,593				7
Right-of-use asset			122,984
Trade names			22,000				4
Customer relationships			550,000				10
Agency relationships			2,585,000				10
Developed technology			230,000				5
Lease liability			(122,984	)
Goodwill			4,236,822				Indefinite
		$	7,725,000

SCHEDULE OF PRO FORMA INFORMATION RELATED TO ACQUISITION

SCHEDULE OF PRO FORMA INFORMATION RELATED TO ACQUISITION

		June 30,				June 30,
		2022				2021
Revenue		$	8,990,529			$	5,364,335
Net Income (Loss)		$	20,070,124			$	(1,527,038	)
Earnings (Loss) per common share, basic		$	11.40			$	(2.40	)
Earnings (Loss) per common share, diluted		$	(8.70	)		$	(2.40	)

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

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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

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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

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