NOTE 15 - SUPPLEMENTAL CASH FLOW INFORMATION

12 Months Ended

Jun. 30, 2014

Supplemental Cash Flow Elements [Abstract]

NOTE 15 - SUPPLEMENTAL CASH FLOW INFORMATION

NOTE 15 - SUPPLEMENTAL CASH FLOW INFORMATION

During the years ended June 30, 2014 and 2013, the Company paid $668,475 and $389,907 for interest, respectively.

During the years ended June 30, 2014 and 2013, the Company paid $349,501 and $277,000 for income taxes, respectively.

Purchase consideration:

Assets acquired:
Management fee receivable	$	6,667,259
Medical receivable		7,389,953
Prepaid expenses and other current assets		10,262
Property and equipment		14,912,650
Intangible assets		9,200,000
Goodwill		1,767,098
Other assets		332,949
Total assets acquired	$	40,280,171
Less liabilities assumed:
Other current liabilities	$	6,323
Long term debt		273,848
Total liabilities assumed	$	280,171
	$	40,000,000