Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 103,731,761 $ 99,749,199
Restricted cash - short-term 18,028,116 18,005,661
Fiduciary cash 1,386,474 2,017,437
Investment in marketable securities 1,138,477 1,143,095
Receivables, net 52,805,123 20,117,304
Prepaid expenses and other current assets 3,525,437 3,126,866
Total current assets 180,615,388 144,159,562
Noncurrent assets    
Land, property and equipment, net 13,700,034 13,814,306
Intangible assets, net 99,138,657 103,533,558
Goodwill 188,933,191 189,847,202
Loans receivable - related parties 5,000,000 5,000,000
Loan receivable 10,000,000 10,000,000
Investments in other entities - equity method 21,875,500 21,903,524
Restricted cash - long-term 745,293 745,235
Other assets 1,585,850 1,632,406
Total noncurrent assets 340,978,525 346,476,231
Total assets 521,593,913 490,635,793
Current liabilities    
Lines of credit 5,000,000 5,025,000
Accounts payable and accrued expenses 12,110,530 13,279,620
Incentives payable 14,900,000 21,500,000
Fiduciary accounts payable 1,386,474 2,017,437
Medical liabilities 69,110,826 63,972,318
Income taxes payable 7,614,669 3,198,495
Bank loan, short-term 394,783 510,391
Capital lease obligations 99,480 98,738
Total current liabilities 110,616,762 109,601,999
Noncurrent liabilities    
Deferred tax liability 30,055,819 24,916,598
Liability for unissued equity shares 1,185,025 1,185,025
Dividends payable 18,000,000 18,000,000
Capital lease obligations, net of current portion 593,852 619,001
Total noncurrent liabilities 49,834,696 44,720,624
Total liabilities 160,451,458 154,322,623
Commitments and Contingencies (Note 11)
Mezzanine equity    
Noncontrolling interest in Allied Pacific of California IPA (“APC”) 190,654,312 172,129,744
Stockholders’ equity    
Common stock, par value $0.001; 100,000,000 shares authorized, 32,652,295 and 32,304,876 shares outstanding, excluding 1,682,110 shares held by APC, at March 31, 2018 and December 31, 2017, respectively (see Note 10) 32,653 32,305
Additional paid-in capital 160,736,190 158,181,192
Retained earnings 4,897,454 1,734,531
Stockholders' Equity Attributable to Parent 165,666,297 159,948,028
Noncontrolling interest 4,821,846 4,235,398
Total stockholders’ equity 170,488,143 164,183,426
Total liabilities, mezzanine equity and stockholders’ equity 521,593,913 490,635,793
Series A Preferred Stock [Member]    
Stockholders’ equity    
Preferred Stock Value 0 0
Series B Preferred Stock [Member]    
Stockholders’ equity    
Preferred Stock Value $ 0 $ 0