Notes and Line of Credit Payable (Tables)

2 Months Ended

9 Months Ended

12 Months Ended

Mar. 31, 2014

Dec. 31, 2014

Jan. 31, 2014

Notes Payable [Abstract]

Schedule of Notes and lines of credit payable

Notes and line of credit payable consist of the following: 

	December 31,		March 31,
	2014		2014
Term loan payable to NNA due March 28, 2019, net of debt discount of $1,121,959 (December 31, 2014) and $1,305,435 (March 31, 2014)	$	5,528,041	$	5,694,565
Line of credit payable to NNA due March 28, 2019		1,000,000		-
Unsecured revolving line of credit due to financial institution due June 5, 2015		94,764		94,764
	$	6,622,805	$	5,789,329

Notes and lines of credit payable consist of the following at January 31:

	2014		2013
Senior Secured Note	$	-	$	500,000
Medical Clinic Acquisition Promissory Notes		272,050		-
Secured Revolving Credit Facility		2,811,878		-
Unsecured Revolving Line of Credit		94,765		94,765
Total Notes and Lines of Credit Payable	$	3,178,693	$	594,765

Schedule of Earnings Before Interest, Taxes Quarter Loss

¨ Consolidated EBIT: The Company will not permit Consolidated EBIT as of the last day of each fiscal quarter shown below, for the fiscal quarter then ended, to be a greater negative amount than the amount set forth below:

Period	Minimum Consolidated EBIT(loss)
3rd fiscal quarter ended October 2013	$	(900,000)
4 th fiscal quarter ended January 2014	$	(1,227,111)
1 st fiscal quarter ended April 2014	$	(1,696,958)

Schedule of Interest Expense Associated with Notes Payable

Interest expense associated with the notes and lines of credit payable consisted of the following:

	Two months ended March 31,
	2014		2013
Interest expense	$	38,244	$	6,499
Amortization of loan fees and discount		103,274		2,122
	$	141,518	$	8,621

Interest expense associated with the notes and lines of credit payable consisted of the following:

	Three months ended				Nine months ended
	December 31,				December 31,
	2014		2013		2014		2013
Interest expense	$	156,450	$	13,023	$	444,448	$	69,111
Amortization of loan fees and discount		72,765		41,477		215,689		81,257
	$	229,215	$	54,500	$	660,137	$	150,368

Interest expense associated with the notes and lines of credit payable consisted of the following for the year ending January 31:

	2014		2013
Interest expense	$	68,634	$	27,959
Amortization of loan fees and discount		161,091		83,331
	$	229,725	$	111,290