Investments in Other Entities (Tables)

12 Months Ended

Dec. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

531 W. College LLC’s unaudited balance sheet at and unaudited statement of operations for the years ended December 31, 2019 and 2018 are as follows:

Balance Sheet

	December 31, 2019 (unaudited)		December 31, 2018 (unaudited)
Assets
Cash	$	139,436	$	158,088
Other current assets	16,500		16,137
Other assets	70,000		70,000
Property and equipment, net	33,581,438		33,394,792
Total assets	$	33,807,374	$	33,639,017
Liabilities and Stockholders’ Equity
Current liabilities	$	1,061,577	$	1,007,413
Stockholders’ equity	32,745,797		32,631,604
Total liabilities and stockholders’ equity	$	33,807,374	$	33,639,017

Statement of Operations

	Year Ended December 31, 2019 (unaudited)			Year Ended December 31, 2018 (unaudited)
Revenues	$	—		$	—
Expenses	1,010,423			875,771
Loss from operations	(1,010,423		)	(875,771		)
Other income	474,617			162,451
Net loss	$	(535,806	)	$	(713,320	)

LMA’s IPA line of business unaudited summarized balance sheets at December 31, 2019 and 2018 and unaudited summarized statements of operations for the years ended December 31, 2019 and 2018 are as follows:

Balance Sheets

	December 31, 2019 (unaudited)			December 31, 2018 (unaudited)
Assets
Cash and cash equivalents	$	6,345,195		$	18,444,702
Receivables, net	5,123,228			2,897,337
Other current assets	3,526,319			5,459,442
Loan receivable	2,250,000			1,250,000
Restricted cash	683,358			667,414
Total assets	17,928,100			28,718,895
Liabilities and Stockholders’ (Deficit) Equity
Current liabilities	$	23,529,745		$	26,837,814
Stockholders’ (deficit) equity	(5,601,645		)	1,881,081
Total liabilities and stockholders’ (deficit) equity	$	17,928,100		$	28,718,895

Statements of Operations

	Year Ended December 31, 2019 (unaudited)			Year Ended December 31, 2018 (unaudited)
Revenues	$	194,020,435		$	239,031,485
Expenses	205,153,162			251,738,193
Loss from operations	(11,132,727		)	(12,706,708		)
Other Income	—			173,356
Loss before income tax benefit	(11,132,727		)	(12,533,352		)
Income tax benefit	—			(3,334,332		)
Net loss	$	(11,132,727	)	$	(9,199,020	)

UCI’s unaudited balance sheets at December 31, 2019 and 2018 and unaudited statements of operations for the years ended December 31, 2019 and 2018 are as follows:

Balance Sheets

	December 31, 2019 (unaudited)			December 31, 2018 (unaudited)
Assets
Cash	$	33,889,962		$	27,812,520
Receivables, net	63,843,009			46,978,703
Other current assets	38,280,156			18,670,350
Other assets	882,243			661,621
Property and equipment, net	4,021,341			2,786,996
Total assets	$	140,916,711		$	96,910,190
Liabilities and stockholders’ deficit
Current liabilities	$	128,330,389		$	89,731,133
Other liabilities	33,132,948			25,024,043
Stockholders’ deficit	(20,546,626		)	(17,844,986		)
Total liabilities and stockholders’ deficit	$	140,916,711		$	96,910,190

Statements of Operations

	Year Ended December 31, 2019 (unaudited)			Year Ended December 31, 2018 (unaudited)
Revenues	$	500,374,910		$	326,719,634
Expenses	502,566,659			335,242,582
Loss before income tax provision	(2,191,749		)	(8,522,948		)
Income tax provision	257,628			3,692,818
Net loss	$	(2,449,377	)	$	(12,215,766	)

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

	December 31, 2019		December 31, 2018
Universal Care, Inc.	$	1,438,199	$	2,635,945
LaSalle Medical Associates – IPA Line of Business	6,396,706		7,054,888
Diagnostic Medical Group	2,334,083		2,257,346
Pacific Medical Imaging & Oncology Center, Inc.	1,395,878		1,359,494
Pacific Ambulatory Surgery Center, LLC	—		285,198
Accountable Health Care IPA	—		4,977,957
531 W. College, LLC	16,697,898		16,273,152
MWN, LLC	164,691		33,000
	$	28,427,455	$	34,876,980