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Investments in Other Entities (Tables)
 12 Months Ended
Dec. 31, 2017
Equity Method Investments
Investments in other entities – equity method consisted of the following:
   
Years ended December 31,
 
2017
 
2016
 
 
 
 
 
 
 
 
 
Universal Care, Inc.
 
$
8,609,455
 
$
10,942,360
 
LaSalle Medical Associates – IPA Line of Business
 
 
9,452,767
 
 
9,503,875
 
Diagnostic Medical Group
 
 
1,847,411
 
 
1,683,698
 
Pacific Medical Imaging & Oncology Center, Inc.
 
 
1,400,693
 
 
1,346,428
 
Pacific Ambulatory Surgery Center, LLC
 
 
593,198
 
 
779,704
 
 
 
 
 
 
 
 
 
 
 
$
21,903,524
 
$
24,256,065
 
 
LaSalle Medical Associates IPA [Member]  
Equity Method Investments
LMA’s IPA line of business summarized balance sheets at December 31, 2017 and 2016 and summarized statements of income for the years ended December 31, 2017 and 2016 are as follows (unaudited):
 
Balance Sheets
 
December 31,
 
2017
(unaudited)
 
2016
(unaudited)
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
21,065,105
 
$
18,441,306
 
Receivables, net
 
 
2,433,116
 
 
3,142,173
 
Other current assets
 
 
1,565,606
 
 
1,589,606
 
Loan receivable
 
 
1,250,000
 
 
1,250,000
 
Restricted cash
 
 
662,109
 
 
657,171
 
 
 
 
 
 
 
 
 
Total assets
 
$
26,975,936
 
$
25,080,256
 
 
Liabilities and Stockholders’ Equity
 
December 31,
 
2017
(unaudited)
 
2016
(unaudited)
 
 
 
 
 
 
 
 
 
Current liabilities
 
$
20,353,337
 
$
18,253,224
 
Stockholders’ equity
 
 
6,622,599
 
 
6,827,032
 
 
 
 
 
 
 
 
 
Total liabilities and stockholders’ equity
 
$
26,975,936
 
$
25,080,256
 
 
Statements of Income
 
Years ended December 31,
 
2017
(unaudited)
 
2016
(unaudited)
 
 
 
 
 
 
 
 
 
Revenues
 
$
195,143,984
 
$
191,530,251
 
Expenses
 
 
188,265,085
 
 
164,694,297
 
 
 
 
 
 
 
 
 
Income before provision for income taxes
 
 
6,878,899
 
 
26,835,954
 
 
 
 
 
 
 
 
 
Provision for income taxes
 
 
(3,083,333)
 
 
(11,406,393)
 
 
 
 
 
 
 
 
 
Net income
 
$
3,795,566
 
$
15,429,561
 
 
Universal Care Inc [Member]  
Equity Method Investments
UCI’s balance sheets at December 31, 2017 and 2016 and statements of income for the years ended December 31, 2017 and 2016 are as follows:
 
Balance Sheets
 
December 31,
 
2017
(unaudited)
 
2016
(unaudited)
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
Cash
 
$
21,872,894
 
$
23,155,207
 
Receivables, net
 
 
18,618,760
 
 
17,928,792
 
Other current assets
 
 
13,021,520
 
 
11,319,582
 
Other assets
 
 
3,754,470
 
 
2,432,338
 
Property and equipment, net
 
 
1,576,621
 
 
1,099,766
 
 
 
 
 
 
 
 
 
Total assets
 
$
58,844,265
 
$
55,935,685
 
 
Liabilities and Stockholders’ Equity (Deficit)
 
December 31,
 
2017
(unaudited)
 
2016
(unaudited)
 
 
 
 
 
 
 
 
 
Current liabilities
 
$
54,421,532
 
$
46,718,155
 
Other liabilities
 
 
10,051,952
 
 
8,075,977
 
Stockholders’ equity (deficit)
 
 
(5,629,219)
 
 
1,141,553
 
 
 
 
 
 
 
 
 
Total liabilities and stockholders’ equity (deficit)
 
$
58,844,265
 
$
55,935,685
 
 
Statements of Income Operations
 
Years ended December 31,
 
2017
(unaudited)
 
2016
(unaudited)
 
 
 
 
 
 
 
 
 
Revenues
 
$
188,389,384
 
$
161,289,612
 
Expenses
 
 
193,196,938
 
 
161,277,959
 
 
 
 
 
 
 
 
 
(Loss) income before benefit for income taxes
 
 
(4,807,554)
 
 
11,653
 
Benefit for from income taxes
 
 
(36,835)
 
 
(1,615,678)
 
 
 
 
 
 
 
 
 
(Loss) income before other income and discontinued operations
 
 
(4,770,719)
 
 
1,627,331
 
Other income
 
 
-
 
 
106,875
 
 
 
 
 
 
 
 
 
Total other income (loss) from discontinued operations
 
 
-
 
 
106,875
 
 
 
 
 
 
 
 
 
Net (loss) income
 
$
(4,770,719)
 
$
1,734,206