Investments in Other Entities (Tables)

9 Months Ended

Sep. 30, 2018

Equity Method Investments

Investments in other entities – equity method consisted of the following:

	September 30, 2018		December 31, 2017
Universal Care, Inc.	$	5,674,791	$	8,609,455
LaSalle Medical Associates – IPA Line of Business		8,667,419		9,452,767
Diagnostic Medical Group		2,537,929		1,847,411
Pacific Medical Imaging & Oncology Center, Inc.		1,442,264		1,400,693
Pacific Ambulatory Surgery Center, LLC		853,243		593,198
Accountable Health Care IPA		4,947,249		-
	$	24,122,895	$	21,903,524

Condensed Consolidated Balance Sheet

531 W. College LLC’s balance sheet at September 30, 2018 is as follows:

Balance Sheet

	September 30, 2018
Assets
Land and building	$	33,347,679
Total assets	$	33,347,679
Liabilities and Members’ Equity
Members’ equity	$	33,347,679
Total liabilities and members’ equity	$	33,347,679

LaSalle Medical Associates IPA [Member]

Equity Method Investments

LMA’s summarized balance sheets at September 30, 2018 and December 31, 2017 and summarized statements of operations for the nine months ended September 30, 2018 and 2017 with respect to its IPA line of business are as follows:

Balance Sheets

	September 30, 2018		December 31, 2017
Assets
Cash and cash equivalents	$	25,746,368	$	21,065,105
Receivables, net		2,802,290		2,433,116
Other current assets		2,101,110		1,565,606
Loan receivable		1,250,000		1,250,000
Restricted cash		667,414		662,109
Total assets	$	32,567,182	$	26,975,936

Liabilities and Stockholders’ Equity

	September 30, 2018		December 31, 2017
Current liabilities	$	29,085,975	$	20,353,337
Stockholders’ equity		3,481,207		6,622,599
Total liabilities and stockholders’ equity	$	32,567,182	$	26,975,936

Statements of Operations

	Nine Months Ended September 30, 2018			Nine Months Ended September 30, 2017
Revenues	$	177,696,760		$	147,567,476
Expenses		180,445,655			145,333,637
Net (loss) income	$	(2,748,895	)	$	2,233,839

Universal Care Inc [Member]

Equity Method Investments

UCI’s balance sheets at September 30, 2018 and December 31, 2017 and statements of income for the nine months ended September 30, 2018 and 2017 are as follows:

Balance Sheets

	September 30, 2018		December 31, 2017
Assets
Cash	$	24,217,764	$	21,872,894
Receivables, net		33,462,584		18,618,760
Other current assets		19,086,431		13,021,520
Other assets		3,396,798		3,754,470
Property and equipment, net		2,347,978		1,576,621
Total assets	$	82,511,555	$	58,844,265

Liabilities and Stockholders’ Deficit

	September 30, 2018			December 31, 2017
Current liabilities	$	79,113,015		$	54,421,532
Other liabilities		15,029,117			10,051,952
Stockholders’ deficit		(11,630,577	)		(5,629,219	)
Total liabilities and stockholders’ deficit	$	82,511,555		$	58,844,265

Statements of Operations

	Nine Months Ended September 30, 2018			Nine Months Ended September 30, 2017
Revenues	$	240,633,955		$	138,189,092
Expenses		246,765,335			140,664,653
Loss before (benefit) provision for income taxes		(6,131,380	)		(2,475,561	)
(Benefit) provision for income taxes		(130,023	)		896,038
Net loss	$	(6,001,357	)	$	(3,371,599	)

Accountable Health Care IPA [Member]

Equity Method Investments

Accountable’s balance sheet at September 30, 2018 and statements of operations for the nine months ended September 30, 2018 are as follows:

Balance Sheets

	September 30, 2018
Assets
Cash	$	5,420,001
Receivables, net		8,835,000
Other current assets		430,427
Other assets		900,007
Property and equipment, net		156,690
Total assets	$	15,742,125

Liabilities and Stockholders’ Deficit

	September 30, 2018
Current liabilities	$	15,657,807
Other liabilities		18,500,000
Stockholders’ deficit		(18,415,682	)
Total liabilities and stockholders’ deficit	$	15,742,125

Statements of Operations

	Nine Months Ended September 30, 2018
Revenues	$	72,866,663
Expenses		76,755,686
Loss before provision for income taxes		(3,889,023	)
Provision for income taxes		800
Net loss*	$	(3,889,823	)

* APC’s allocation of net loss commenced on September 21, 2018.