Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net (Tables)

v3.8.0.1
Intangible Assets, Net (Tables)
3 Months Ended
Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets
At March 31, 2018, the Company’s intangible assets, net, consisted of the following:
 
 
 
Useful
 
Gross
 
 
 
Net
 
 
 
Life
 
March 31,
 
Accumulated
 
March 31,
 
 
 
(Years)
 
2018
 
Amortization
 
2018
 
Indefinite Lived Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Medicare license
 
 
N/A
 
$
1,994,000
 
$
-
 
$
1,994,000
 
Amortized Intangible Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Network relationships
 
 
11-15
 
 
109,883,000
 
 
(39,179,025)
 
 
70,703,975
 
Management contracts
 
 
15
 
 
22,832,000
 
 
(5,646,843)
 
 
17,185,157
 
Member relationships
 
 
12
 
 
6,696,000
 
 
(357,292)
 
 
6,338,708
 
Patient management platform
 
 
5
 
 
2,060,000
 
 
(137,333)
 
 
1,922,667
 
Tradename/trademarks
 
 
20
 
 
1,011,000
 
 
(16,850)
 
 
994,150
 
 
 
 
 
 
$
144,476,000
 
$
(45,337,343)
 
$
99,138,657
 
 
At December 31, 2017, the Company’s intangible assets, net, consisted of the following:
 
 
 
Useful
 
Gross
 
 
 
Net
 
 
 
Life
 
December 31,
 
Accumulated
 
December 31,
 
 
 
(Years)
 
2017
 
Amortization
 
2017
 
Indefinite Lived Assets:
 
 
 
 
 
 
 
 
 
 
 
 
Medicare license
 
N/A
 
$
1,994,000
 
$
-
 
$
1,994,000
 
Amortized Intangible Assets:
 
 
 
 
 
 
 
 
 
 
 
 
Network relationships
 
11-15
 
 
109,883,000
 
 
(35,842,508)
 
 
74,040,492
 
Management contracts
 
15
 
 
22,832,000
 
 
(5,014,886)
 
 
17,817,114
 
Member relationships
 
12
 
 
6,696,000
 
 
(46,500)
 
 
6,649,500
 
Patient management platform
 
5
 
 
2,060,000
 
 
(34,336)
 
 
2,025,664
 
Tradename/trademarks
 
20
 
 
1,011,000
 
 
(4,212)
 
 
1,006,788
 
 
 
 
 
$
144,476,000
 
$
(40,942,442)
 
$
103,533,558
 
Schedule of future amortization expense
Future amortization expense is estimated to be as follows for the years ending December 31:
 
 
 
Amount
 
 
 
 
 
 
2018 (remaining nine months)
 
$
12,262,000
 
2019
 
 
14,480,000
 
2020
 
 
12,671,000
 
2021
 
 
10,961,000
 
2022
 
 
9,448,000
 
Thereafter
 
 
37,323,000
 
 
 
 
 
 
 
 
$
97,145,000