Discontinued Operations

6 Months Ended

Jun. 30, 2016

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations

Note 6 – Discontinued Operations

The partial sale of GCPP in June 2015 was part of the Company’s strategic plan to focus on majority owned hospital investments. As a result, the proceeds from the sale, the remaining equity ownership, and the results of operations and cash flows related to the equity investment in GCPP for all periods presented have been classified as discontinued operations.

The operating results for the Company’s discontinued operations for the six months ended June 30, 2016 and 2015 are summarized below:

	2016			2015
Revenues:
Equity in earnings of GCCP	$	—		$	24,784
Sleep operations		—			—
Total revenues	$	—		$	24,784
Net income (loss) before taxes:
GCCP	$	—		$	24,784
Sleep operations		(16,081	)		(70,737	)
Gain on sale of equity investment in GCCP		—			6,331,048
Gain on sale of building in GCCP		—			—
Income tax (provision) benefit		—			(2,514,038	)
Net income (loss) from discontinued operations, net of tax	$	(16,081	)	$	3,771,057

The balance sheet items for the Company’s discontinued operations as of June 30, 2016 and December 31, 2015 are summarized below:

	June 30, 2016		December 31, 2015
Cash and cash equivalents	$	—	$	5,219
Other current assets		408,303		411,171
Total current assets		408,303		416,390
Fixed assets, net		—		8,713
Total assets	$	408,303	$	425,103
Payables and accrued liabilities	$	766,928	$	774,831
Income taxes payable		1,581,334		1,581,334
Total liabilities	$	2,348,262	$	2,356,165