NOTE 18 - ALLOWANCE FOR DOUBTFUL ACCOUNTS |
NOTE 18 – ALLOWANCE FOR DOUBTFUL ACCOUNTS
The following represents a summary of allowance
for doubtful accounts for the years ended June 30, 2014 and 2013, respectively:
Description | |
Balance June 30, 2013 | |
Additions | |
Deductions | |
Balance June 30, 2014 |
Accounts receivable | |
$ | 257,362 | | |
(1)$ | — | | |
$ | — | | |
$ | 257,362 | |
Management and other fees receivable | |
| 9,095,320 | | |
(1) | 1,806,299 | | |
| — | | |
| 10,901,619 | |
Management and other fees receivable - related medical practices | |
| 403,047 | | |
| — | | |
| — | | |
| 403,047 | |
Medical receivables | |
| 2,584,669 | | |
(1) | 10,333,082 | | |
| — | | |
| 12,917,751 | |
Advance and notes to related parties | |
| 202,379 | | |
| — | | |
| — | | |
| 202,379 | |
| |
| | | |
| | | |
| | | |
| | |
Description | |
Balance June 30, 2012 | |
Additions | |
Deductions | |
Balance June 30, 2013 |
Accounts receivables | |
$ | 1,852,987 | | |
(1)$ | (92,454 | ) | |
$ | 1,503,171 | | |
$ | 257,362 | |
Management and other fees receivable | |
| 7,458,345 | | |
(1) | 950,000 | | |
| — | | |
| 9,095,320 | |
Management and other fees receivable - related medical practices | |
| 403,047 | | |
| — | | |
| — | | |
| 403,047 | |
Medical receivables | |
| — | | |
(1) | 2,584,669 | | |
| | | |
| 2,584,669 | |
Advance and notes to related parties | |
| 239,791 | | |
| — | | |
| 37,412 | | |
| 202,379 | |
Notes receivable | |
| 65,000 | | |
| — | | |
| 65,000 | | |
| — | |
(1) Included in provision for bad debts. |