| Equity Method Investments [Table Text Block] |
| |
|
Carrying Amount |
|
| December 31, 2022, beginning balance |
|
$ |
5,260,525 |
|
| Investment in Progressive Care Inc. and Subsidiaries |
|
|
1,506,000 |
|
| Gain on equity method investment |
|
|
6,138,051 |
|
| 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 |
) |
| Change in accounting method as of July 1, 2023 |
|
|
(11,464,939 |
) |
| September 30, 2023, carrying amount |
|
$ |
- |
|
| |
|
For the six months 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 |
) |
(1) NextPlat records depreciation expense on its estimated cost basis difference which is subject to change
|