Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2014

Activity in Acquired Accruals for Restructuring Charges Established for Lease Termination Costs

For the six month period ended June 30, 2014, the activity in the acquired accruals for restructuring charges established for lease termination costs were as follows:

	Lease Termination Cost
Balance at December 31, 2013	$	78,235
Adjustments		139,940
Cash Payments		(20,575	)
Balance at June 30, 2014	$	197,600

Operating Results and Balance Sheet Items of Discontinued Operations

The operating results of the discontinued sleep diagnostic and therapy locations and the Company’s other discontinued operations for the six month period ended June 30, 2014 are summarized below:

	2014
Revenue	$	123,728
Net loss before taxes		(692,462	)
Income tax benefit		191,424
Net loss from discontinued operations, net of tax	$	(501,038	)

The balance sheet items for discontinued operations are summarized below:

	June 30, 2014		December 31, 2013
Cash and cash equivalents	$	—	$	49,252
Accounts receivable, net of allowances		—		222,943
Inventories		—		1,893
Other current assets		165,030		244,541
Total current assets		165,030		518,629
Fixed assets, net		300,529		426,228
Other assets		150,000		150,000
Total non-current assets		450,529		576,228
Total assets	$	615,559	$	1,094,857
Payables and accrued liabilities	$	1,249,217	$	1,557,771
Short-term debt		—		3,994,932
Current portion of long-term debt		—		67,994
Total current liabilities		1,249,217		5,620,697
Long-term debt, net of current portion		—		9,969
Total liabilities	$	1,249,217	$	5,630,666

Schedule of Borrowings and Capital Lease Obligations

The Company’s borrowings and capital lease obligations included in discontinued operations are as follows:

	June 30, 2014		December 31, 2013
Short-term Debt
Arvest bank	$	—	$	3,994,932
Long-term Debt
Sleep center notes payable		—		28,723
Equipment capital leases		—		49,389
Total		—		78,112
Less: Current portion of long term debt		—		(68,143	)
Long-term debt	$	—	$	9,969