NextPlat Corp Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 10 - Equity Method Investment (Tables)

Note 10 - Equity Method Investment (Tables)

6 Months Ended

Jun. 30, 2023

Notes Tables

Equity Method Investments [Table Text Block]

		*Carrying Amount*
December 31, 2022, beginning balance		$	5,260,525
Investment in Progressive Care Inc. and Subsidiaries			1,000,000
Portion of loss from Progressive Care, Inc. and Subsidiaries			(1,603,649	)
Depreciation expense due to cost basis difference (1)			(49,548	)
Interest earned from convertible note receivable			21,443
Interest earned from amortization of premium on convertible note receivable			199,061
Elimination of intercompany interest earned			(6,944	)
June 30, 2023, carrying amount		$	4,820,888

		*For the Six Month Ended June 30, 2023*
Portion of loss from Progressive Care, Inc. and Subsidiaries		$	(1,603,649	)
Depreciation expense due to cost basis difference (1)			(49,548	)
Interest earned from convertible note receivable			21,443
Interest earned from amortization of premium on convertible note receivable			199,061
Elimination of intercompany interest earned			(6,944	)
Equity in net loss of affiliate		$	(1,439,637	)