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Investments in Other Entities (Tables)
 12 Months Ended
Dec. 31, 2018
Equity Method Investments
Investments in other entities – equity method consisted of the following:
  
Years ended December 31,
 
2018
 
 
2017
 
 
 
 
 
 
 
 
Universal Care, Inc.
 
$
2,635,945
 
 
$
8,609,455
 
LaSalle Medical Associates – IPA Line of Business
 
 
7,054,888
 
 
 
9,452,767
 
Diagnostic Medical Group
 
 
2,257,346
 
 
 
1,847,411
 
Pacific Medical Imaging & Oncology Center, Inc.
 
 
1,359,494
 
 
 
1,400,693
 
Pacific Ambulatory Surgery Center, LLC
 
 
285,198
 
 
 
593,198
 
Accountable Health Care IPA – related party
 
 
4,977,957
 
 
 
-
 
531 W. College, LLC – related party
 
 
16,273,152
 
 
 
-
 
MWN, LLC – related party
 
 
33,000
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
$
34,876,980
 
 
$
21,903,524
 
Condensed Consolidated Balance Sheet
531 W. College LLC’s balance sheet and statement of operations at December 31, 2018 is as follows:
 
Balance Sheet
 
December 31,
 
2018

(unaudited)
 
 
 
 
 
Assets
 
 
 
 
Cash
 
$
158,088
 
Other current assets
 
 
16,137
 
Other assets
 
 
70,000
 
Property and equipment, net
 
 
33,394,792
 
 
 
 
 
 
Total assets
 
$
33,639,017
 
 
 
 
 
 
Liabilities and Stockholders’ Equity
 
 
 
 
Current liabilities
 
$
1,007,413
 
Stockholders’ equity
 
 
32,631,604
 
 
 
 
 
 
Total liabilities and stockholders’ equity
 
$
33,639,017
 
 
Statement of Operations
 
Year ended December 31,
 
2018
(unaudited)
 
 
 
 
 
Revenues
 
$
-
 
Expenses
 
 
875,771
 
 
 
 
 
 
Loss before other income
 
 
(875,771
)
 
 
 
 
 
Other income
 
 
162,451
 
 
 
 
 
 
Net loss
 
$
(713,320
)
LaSalle Medical Associates IPA [Member]  
Equity Method Investments
LMA’s IPA line of business summarized balance sheets at December 31, 2018 and 2017 and summarized statements of operations for the years ended December 31, 2018 and 2017 are as follows (unaudited):
 
Balance Sheets
 
December 31,
 
2018

(unaudited)
 
 
2017

(unaudited)
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
18,444,702
 
 
$
21,065,105
 
Receivables, net
 
 
2,897,337
 
 
 
2,433,116
 
Other current assets
 
 
5,459,442
 
 
 
1,565,606
 
Loan receivable
 
 
1,250,000
 
 
 
1,250,000
 
Restricted cash
 
 
667,414
 
 
 
662,109
 
 
 
 
 
 
 
 
 
 
Total assets
 
$
28,718,895
 
 
$
26,975,936
 
 
Liabilities and Stockholders’ Equity
 
 
 
 
 
 
 
 
Current liabilities
 
$
26,837,814
 
 
$
20,353,337
 
Stockholders’ equity
 
 
1,881,081
 
 
 
6,622,599
 
 
 
 
 
 
 
 
 
 
Total liabilities and stockholders’ equity
 
$
28,718,895
 
 
$
26,975,936
 
 
Statements of Operations
 
Years ended December 31,
 
2018
(unaudited)
 
 
2017

(unaudited)
 
 
 
 
 
 
 
 
Revenues
 
$
239,031,485
 
 
$
195,143,984
 
Expenses
 
 
251,738,193
 
 
 
188,265,085
 
 
 
 
 
 
 
 
 
 
(Loss) Income from operations
 
 
(12,706,708
)
 
 
6,878,899
 
 
 
 
 
 
 
 
 
 
Other Income
 
 
173,356
 
 
 
-
 
 
 
 
 
 
 
 
 
 
(Loss) Income before income tax (benefit) provision
 
 
(12,533,352
)
 
 
6,878,899
 
 
 
 
 
 
 
 
 
 
Income tax (benefit) provision
 
 
(3,334,332
)
 
 
3,083,333
 
 
 
 
 
 
 
 
 
 
Net (loss) income
 
$
(9,199,020
)
 
$
3,795,566
 
Universal Care Inc [Member]  
Equity Method Investments
UCI’s balance sheets at December 31, 2018 and 2017 and statements of operations for the years ended December 31, 2018 and 2017 are as follows:
 
Balance Sheets
 
December 31,
 
2018
(unaudited)
 
 
2017

(unaudited)
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
Cash
 
$
27,812,520
 
 
$
21,872,894
 
Receivables, net
 
 
46,978,703
 
 
 
18,618,760
 
Other current assets
 
 
18,670,350
 
 
 
13,021,520
 
Other assets
 
 
661,621
 
 
 
3,754,470
 
Property and equipment, net
 
 
2,786,996
 
 
 
1,576,621
 
 
 
 
 
 
 
 
 
 
Total assets
 
$
96,910,190
 
 
$
58,844,265
 
 
 
 
 
 
 
 
 
 
Liabilities and stockholders’ deficit
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Current liabilities
 
$
89,731,133
 
 
$
54,421,532
 
Other liabilities
 
 
25,024,043
 
 
 
10,051,952
 
Stockholders’ deficit
 
 
(17,844,986
)
 
 
(5,629,219
)
 
 
 
 
 
 
 
 
 
Total liabilities and stockholders’ deficit
 
$
96,910,190
 
 
$
58,844,265
 
 
Statements of Operations
 
Years ended December 31,
 
2018
(unaudited)
 
 
2017

(unaudited)
 
 
 
 
 
 
 
 
Revenues
 
$
326,719,634
 
 
$
188,389,384
 
Expenses
 
 
335,242,582
 
 
 
193,196,938
 
 
 
 
 
 
 
 
 
 
Loss before income tax provision (benefit)
 
 
(8,522,948
)
 
 
(4,807,554
)
Income tax provision (benefit)
 
 
3,692,818
 
 
 
(36,835
)
 
 
 
 
 
 
 
 
 
Net loss
 
$
(12,215,766
)
 
$
(4,770,719
)
Accountable Health Care IPA [Member]  
Equity Method Investments
Accountable’s balance sheet at December 31, 2018 and statement of operations for the year ended December 31, 2018 are as follows:
 
Balance Sheet
 
December 31,
 
2018

(unaudited)
 
 
 
 
 
Assets
 
 
 
 
Cash
 
$
5,582,837
 
Receivables, net
 
 
11,246,477
 
Other current assets
 
 
30,940
 
Other assets
 
 
1,312,768
 
Property and equipment, net
 
 
138,690
 
 
 
 
 
 
Total assets
 
$
18,311,712
 
 
 
 
 
Liabilities and Stockholders’ Deficit
 
 
 
Current liabilities
 
$
16,824,083
 
Other liabilities
 
 
19,500,000
 
Stockholders’ deficit
 
 
(18,012,371
)
 
 
 
 
 
Total liabilities and stockholders’ deficit
 
$
18,311,712
 
 
Statement of Operations
 
Year ended December 31,
 
2018
(unaudited)
 
 
 
 
 
Revenues
 
$
96,204,337
 
Expenses
 
 
99,690,049
 
 
 
 
 
 
Loss before income tax provision
 
 
(3,485,712
)
Income tax provision
 
 
800
 
 
 
 
 
 
Net loss*
 
$
(3,486,512
)
 
 
*
APC’s allocation of net loss commenced on September 21, 2018.