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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net income $ 62,208,688 $ 24,913,613
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,819,627 14,407,113
Loss on disposal of property and equipment 41,782 0
Share-based compensation 1,238,708 963,699
Unrealized loss (gain) from investment in equity securities 10,218 (79,527)
Change in fair value of derivative instrument 0 278,886
Loss from equity method investments 2,573,219 28,936
Deferred tax 7,135,408 (5,730,758)
Changes in operating assets and liabilities, net of acquisition amounts:    
Receivables, net (38,366,867) 263,132
Prepaid expenses and other current assets (590,602) (736,525)
Other assets (26,931) (131,983)
Accounts payable and accrued expenses 31,701,367 (1,897,636)
Incentives payable (16,500,000) (7,939,317)
Medical liabilities (30,466,895) (752,876)
Income taxes payable (1,912,842) 12,733,179
Net cash provided by operating activities 31,864,880 36,319,936
Cash flows from investing activities    
Purchases of marketable securities (9,013) (5,283)
Repayments from related parties – loans receivable 0 200,000
Advances to related parties - loans receivable (2,500,000) (5,000,000)
Purchase of investments – joint venture (16,673,840) (400,000)
Dividends received from equity method investments 207,410 1,000,000
Purchase of investment in a privately held entity (405,000) 0
Proceeds on sale of investments - cost method 0 25,000
Purchases of property and equipment (867,732) (1,627,760)
Net cash used in investing activities (20,248,175) (5,808,043)
Cash flows from financing activities    
Repayment of bank loan (375,485) 0
Dividends paid (16,725,799) (9,490,632)
Change in noncontrolling interest capital 27,300 0
Borrowings on line of credit 8,000,000 0
Payment of capital lease obligations (73,775) (78,343)
Proceeds from sale of common stock of VIE 200,000 0
Proceeds from the exercise of stock options and warrants 3,574,046 425,025
Net cash used in financing activities (5,373,713) (9,143,950)
Net increase in cash, cash equivalents and restricted cash 6,242,992 21,367,943
Cash, cash equivalents and restricted cash, beginning of period 118,500,095 54,925,712
Cash, cash equivalents and restricted cash, end of period 124,743,087 76,293,655
Supplementary disclosures of cash flow information:    
Cash paid for income taxes 18,032,590 9,489,563
Cash paid for interest 287,332 1,748
Supplemental disclosures of non-cash investing and financing activities    
Cashless exercise of stock options 47 0
Deferred tax liability adjustment to goodwill 1,110,456 0
Cumulative effect adjustment for ASC 606 included in accounts receivable 11,600,000 0
Cumulative effect adjustment for ASC 606 included in deferred tax liabilities 3,246,098 0
Purchase price adjustment for acceleration of vested stock options 868,000 0
Conversion of loan receivable to investment in Accountable Health Care, IPA 5,000,000 0
Reclassification of dividends payable to accounts payable and accrued expenses 432,113 0
Reclassification of APS noncontrolling interest to equity 443,184 0
Reclassification of stock options exercised to liability for unissued common shares 0 425,025
Reclassification of fiduciary cash to payable 1,416,972 51,525
Reconciliation of cash, cash equivalents, and restricted cash    
Cash and cash equivalents 119,779,499 76,293,655
Restricted cash - long-term - letters of credit 745,412 0
Restricted cash - short-term - distributions to former NMM shareholders 4,218,176 0
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows $ 124,743,087 $ 76,293,655