XML 45 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 28,384 $ (2,913,600)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization expense 205,180 12,883
Deferred income taxes 59,314 0
Stock-based compensation expense 975,658 2,121,012
Amortization of financing costs 62,283 4,298
Amortization of debt discount 177,963 116,248
Change in fair value of warrant and conversion feature liability (122,135) 0
Changes in assets and liabilities:    
Accounts receivable (993,669) 323,859
Other receivable (5,382,617) 0
Due from affiliates 42,378 17,706
Prepaid expenses and advances (14,167) 15,290
Other assets (347) (4,100)
Accounts payable and accrued liabilities 2,170,739 (6,276)
Medical liabilities 668,779 0
Net cash used in operating activities (2,122,257) (312,680)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions, net of $620,960 in cash and cash equivalents acquired (1,947,431) (248,800)
Property and equipment acquired (15,583) (2,219)
Net cash used in investing activities (1,963,014) (251,019)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of convertible note payable 2,000,000 0
Principal payments on notes payable (726,082) 55,235
Contribution by non-controlling interest 550,000 0
Distributions to non-controlling interest shareholder (600,000) (240,000)
Proceeds from issuance of common stock 0 728,753
Debt issuance costs (20,000) 0
Net cash provided by financing activities 1,203,918 543,988
NET DECREASE IN CASH & CASH EQUIVALENTS (2,881,353) (19,711)
CASH & CASH EQUIVALENTS, BEGINNING OF PERIOD 6,831,478 1,094,973
CASH & CASH EQUIVALENTS, END OF PERIOD 3,950,125 1,075,262
SUPPLEMENTARY DISCLOSURES OF CASH FLOW INFORMATION    
Interest paid 356,196 169,802
Income taxes paid 18,588 38,356
Non-Cash Financing Activities:    
Acquisition related holdback liability consideration 136,822 0
Convertible note warrant 487,620 13,316
Convertible note conversion feature 578,155 125,000
Acquisition related warrant consideration $ 132,000 $ 101,817