XML 29 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
Mar. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents $ 3,539,552us-gaap_CashAndCashEquivalentsAtCarryingValue $ 2,860,025us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable, net of allowances for doubtful accounts of $774,973 and $1,741,571, respectively 18,688,391us-gaap_AccountsReceivableNetCurrent 18,971,435us-gaap_AccountsReceivableNetCurrent
Receivables from affiliates 1,166,454us-gaap_DueFromAffiliateCurrent 1,157,184us-gaap_DueFromAffiliateCurrent
Supplies inventories 1,990,426us-gaap_InventoryNet 1,863,175us-gaap_InventoryNet
Prepaid and other current assets 4,083,908us-gaap_PrepaidExpenseAndOtherAssetsCurrent 4,487,873us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Current assets from discontinued operations 300,851us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent 342,441us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
Total current assets 29,769,582us-gaap_AssetsCurrent 29,682,133us-gaap_AssetsCurrent
Property and equipment, net 12,782,012us-gaap_PropertyPlantAndEquipmentNet 13,465,190us-gaap_PropertyPlantAndEquipmentNet
Equity method investments in affiliates 5,389,577us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures 5,722,130us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
Intangible assets, net 8,565,839us-gaap_FiniteLivedIntangibleAssetsNet 9,080,395us-gaap_FiniteLivedIntangibleAssetsNet
Goodwill 973,927us-gaap_Goodwill 973,927us-gaap_Goodwill
Other assets 553,434us-gaap_OtherAssetsNoncurrent 437,809us-gaap_OtherAssetsNoncurrent
Other assets from discontinued operations 100,475us-gaap_DisposalGroupIncludingDiscontinuedOperationLongLivedAssetsNoncurrent 165,285us-gaap_DisposalGroupIncludingDiscontinuedOperationLongLivedAssetsNoncurrent
Total assets 58,134,846us-gaap_Assets 59,526,869us-gaap_Assets
Liabilities:    
Accounts payable 10,476,627us-gaap_AccountsPayableCurrent 10,364,160us-gaap_AccountsPayableCurrent
Accrued liabilities 9,065,072us-gaap_AccruedLiabilitiesCurrent 10,223,388us-gaap_AccruedLiabilitiesCurrent
Preferred noncontrolling interests dividends payable 193,068us-gaap_DividendsPayableCurrent 195,212us-gaap_DividendsPayableCurrent
Short-term debt 1,910,766us-gaap_ShortTermBorrowings 456,784us-gaap_ShortTermBorrowings
Current portion of long-term debt 5,158,510us-gaap_LongTermDebtCurrent 5,023,048us-gaap_LongTermDebtCurrent
Other current liabilities 1,022,771us-gaap_OtherLiabilitiesCurrent 1,052,543us-gaap_OtherLiabilitiesCurrent
Current liabilities from discontinued operations 780,844us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent 839,791us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
Total current liabilities 28,607,658us-gaap_LiabilitiesCurrent 28,154,926us-gaap_LiabilitiesCurrent
Long-term debt, net of current portion 23,546,342us-gaap_LongTermDebtNoncurrent 24,737,719us-gaap_LongTermDebtNoncurrent
Deferred lease incentive 8,375,126us-gaap_DeferredRevenueLeasesNetNoncurrent 8,608,716us-gaap_DeferredRevenueLeasesNetNoncurrent
Deferred tax liability 107,238us-gaap_DeferredTaxLiabilitiesNoncurrent 107,238us-gaap_DeferredTaxLiabilitiesNoncurrent
Other liabilities 5,654,318us-gaap_OtherLiabilitiesNoncurrent 5,317,075us-gaap_OtherLiabilitiesNoncurrent
Total liabilities 66,290,682us-gaap_Liabilities 66,925,674us-gaap_Liabilities
Preferred noncontrolling interest 8,700,000us-gaap_RedeemableNoncontrollingInterestEquityPreferredCarryingAmount 8,700,000us-gaap_RedeemableNoncontrollingInterestEquityPreferredCarryingAmount
Commitments and contingencies (Note 8)      
Foundation Healthcare shareholders’ deficit:    
Preferred stock $0.0001 par value, 10,000,000 authorized; no shares issued and outstanding      
Common stock $0.0001 par value, 500,000,000 shares authorized; 17,248,154 and 17,263,842 issued and outstanding, respectively 1,724us-gaap_CommonStockValue 1,726us-gaap_CommonStockValue
Paid-in capital 19,440,223us-gaap_AdditionalPaidInCapitalCommonStock 19,321,267us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated deficit (38,596,907)us-gaap_RetainedEarningsAccumulatedDeficit (37,265,044)us-gaap_RetainedEarningsAccumulatedDeficit
Total Foundation Healthcare shareholders’ deficit (19,154,960)us-gaap_StockholdersEquity (17,942,051)us-gaap_StockholdersEquity
Noncontrolling interests 2,299,124us-gaap_MinorityInterest 1,843,246us-gaap_MinorityInterest
Total deficit (16,855,836)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest (16,098,805)us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities, preferred noncontrolling interest and shareholders’ deficit $ 58,134,846us-gaap_LiabilitiesAndStockholdersEquity $ 59,526,869us-gaap_LiabilitiesAndStockholdersEquity