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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 230,298,252 $ 106,891,503
Restricted cash 20,150 0
Investment in marketable securities 1,154,480 1,127,102
Receivables, net 19,731,189 7,127,217
Receivables, net – related parties 37,708,178 49,328,739
Other receivables 15,527,520 1,003,133
Prepaid expenses and other current assets 10,495,938 7,385,098
Loans receivable - related parties 6,425,000 0
Total current assets 321,360,707 172,862,792
Noncurrent assets    
Land, property and equipment, net 12,427,107 12,721,082
Intangible assets, net 114,166,305 86,875,883
Goodwill 237,134,772 185,805,880
Loans receivable – related parties, net of current portion 12,500,000 17,500,000
Investment in other entities – equity method 35,840,105 34,876,980
Investment in a privately held entity that does not report net asset value per share 896,000 405,000
Restricted cash 746,104 745,470
Right-of-use assets 13,540,129  
Other assets 1,633,153 1,205,962
Total noncurrent assets 428,883,675 340,136,257
Total assets 750,244,382 512,999,049
Current liabilities    
Accounts payable and accrued expenses 35,539,917 25,075,489
Fiduciary accounts payable 1,734,142 1,538,598
Medical liabilities 53,819,647 33,641,701
Income taxes payable 1,392,492 11,621,861
Bank loan 0 40,257
Dividend payable 271,279  
Finance lease liabilities 101,741 101,741
Operating lease liabilities 2,836,010  
Current portion of long term debt 9,500,000  
Total current liabilities 105,195,228 72,019,647
Noncurrent liabilities    
Lines of credit – related party 0 13,000,000
Deferred tax liability 30,199,423 19,615,935
Liability for unissued equity shares 1,185,025 1,185,025
Finance lease liabilities 441,241 517,261
Operating lease liabilities 10,670,364 0
Long-term debt, net of current portion and deferred financing costs 234,149,063 0
Total noncurrent liabilities 276,645,116 34,318,221
Total liabilities 381,840,344 106,337,868
Commitments and Contingencies (Note 11)
Mezzanine equity    
Noncontrolling interest in Allied Physicians of California, a Professional Medical Corporation (“APC”) 176,230,074 225,117,029
Stockholders’ equity    
Common stock, $0.001 par value; 100,000,000 shares authorized, 34,822,933 and 34,578,040 shares outstanding, excluding 16,959,069 and 1,850,603 treasury shares, at September 30, 2019 and December 31, 2018, respectively 34,823 34,578
Additional paid-in capital 165,521,888 162,723,051
Retained earnings 25,177,257 17,788,203
Retained earnings 190,733,968 180,545,832
Noncontrolling interest 1,439,996 998,320
Total stockholders’ equity 192,173,964 181,544,152
Total liabilities, mezzanine equity and stockholders’ equity 750,244,382 512,999,049
Series A Preferred stock, $0.001 par value; 5,000,000 shares authorized (inclusive of all preferred stock, including Series B Preferred stock); 1,111,111 issued and zero outstanding at September 30, 2019 and December 31, 2018, respectively    
Stockholders’ equity    
Preferred stock 0 0
Series B Preferred stock, $0.001 par value; 5,000,000 shares authorized (inclusive of all preferred stock, including Series A Preferred stock); 555,555 issued and zero outstanding at September 30, 2019 and December 31, 2018, respectively    
Stockholders’ equity    
Preferred stock $ 0 $ 0