XML 66 R53.htm IDEA: XBRL DOCUMENT v3.19.1
Mergers and Acquisitions - Additional Information (Detail) - USD ($)
1 Months Ended 12 Months Ended
Dec. 08, 2017
Mar. 30, 2017
Dec. 31, 2018
Dec. 31, 2017
Sep. 21, 2018
Dec. 31, 2016
Class of Warrant or Right, Exercise Price of Warrants or Rights     $ 9.93 $ 9.75   $ 0
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares [1]     6,109,205      
Payments for Agreement Termination     $ 400,000      
Goodwill, Purchase Accounting Adjustments     671,555      
Goodwill, Subsequent Recognition of Deferred Tax Asset     868,000 $ 0    
Goodwill, Subsequent Recognition of Deferred Tax Asset     196,445      
Goodwill Decrease Merger Transaction Costs     914,011      
Goodwill, Period Increase (Decrease)     $ 242,456      
Preferred Stock [Member]            
Business Combination, Step Acquisition, Equity Interest in Acquiree, Number of Share     19,118,000      
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value [2]     $ 19,118,000      
APA ACO Inc [Member]            
Equity Method Investment, Ownership Percentage     50.00%      
Network Medical Management, Inc. [Member]            
Equity Method Investment, Ownership Percentage         25.00%  
Payments for Agreement Termination     $ 400,000      
Network Medical Management, Inc. [Member] | Noncontrolling Interest [Member]            
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value [3]     $ 5,129,000      
Network Medical Management, Inc. [Member] | APA ACO Inc [Member]            
Equity Method Investment, Ownership Percentage     50.00% 50.00%    
Alliance Apex, LLC [Member] | Convertible Notes Payable [Member]            
Debt Instrument, Face Amount   $ 4,990,000        
Debt Instrument, Convertible, Conversion Price   $ 10.00        
Apollo Medical Holdings, Inc [Member]            
Business Combination, Step Acquisition, Equity Interest in Acquiree, Number of Share 2,566,666          
Business Acquisition, Percentage of Voting Interests Acquired 82.00%          
Business Combination, Consideration Description     The consideration for the transaction was 18% of the total issued and outstanding shares of ApolloMed common stock, or 6,109,205 (immediately following the Merger).      
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares 6,109,205          
Preferred Stock, Liquidation Preference, Value     $ 12,745,000      
Apollo Medical Holdings, Inc [Member] | Measurement Input, Price Volatility [Member]            
Fair Value Assumptions, Expected Volatility Rate     37.90%      
Apollo Medical Holdings, Inc [Member] | Measurement Input, Risk Free Interest Rate [Member]            
Fair Value Assumptions, Risk Free Interest Rate     1.80%      
Apollo Medical Holdings, Inc [Member] | Convertible Promissory Note [Member]            
Debt Conversion, Converted Instrument, Shares Issued   520,081        
Debt Conversion, Converted Instrument, Amount   $ 4,990,000        
Apollo Medical Holdings, Inc [Member] | Warrant One [Member]            
Class of Warrant or Right, Number of Securities Called by Warrants or Rights 850,000          
Class of Warrant or Right, Exercise Price of Warrants or Rights $ 11.00          
Apollo Medical Holdings, Inc [Member] | Warrant Two [Member]            
Class of Warrant or Right, Number of Securities Called by Warrants or Rights 900,000          
Class of Warrant or Right, Exercise Price of Warrants or Rights $ 10.00          
Maverick Medical Group, Inc [Member]            
Business Combination, Contingent Consideration, Asset     $ 100      
Common Class B [Member] | Apollo Medical Holdings, Inc [Member]            
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value     $ 6,373,000      
[1] Represents the number of shares of the combined company that pre-Merger ApolloMed stockholders would own at closing of the Merger.
[2] Fair value of ApolloMed’s preferred shares held by NMM NMM currently owns all the shares of ApolloMed Series A preferred stock and Series B preferred stock, which were acquired prior to the Merger. As part of the Merger, the ApolloMed Series A preferred stock and Series B preferred stock are remeasured at fair value and included as part of the consideration transferred to ApolloMed. The fair value of the Series A preferred stock and Series B preferred stock is reflective of the liquidation preferences, claims of priority and conversion option values thereof. In aggregate, the Series A preferred stock and Series B preferred stock were valued to be $19,118,000. The valuation methodology was based on an Option Pricing Method ("OPM") which utilized the observable publicly traded common stock price in valuing the Series A preferred stock and the Series B preferred stock within the context of the capital structure of the Company. OPM assumptions included an expected term of 2 years, volatility rate of 37.9%, and a risk-free rate of 1.8%. The fair value of the liquidation preference for the Series A preferred stock and the Series B preferred stock was determined to be $12,745,000 and the fair value of the conversion option was determined to be $6,373,000 or an aggregate total fair value of $19,118,000.
[3] Fair value of NMM’s 50% share of APA ACO Inc. Prior to the Merger, APAACO was owned 50% by ApolloMed and 50% NMM. NMM’s noncontrolling interest in APAACO has been remeasured at fair value as of the closing date and is added to the consideration transferred to ApolloMed as a result of NMM relinquishing its equity investment in APAACO in order to obtain control of ApolloMed. The fair value of NMM’s noncontrolling interest in APAACO has been estimated to be $5,129,000 using the discounted cash flow method and NMM recorded a gain on investment for the same amount to reflect the fair value of this investment prior the Merger.