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Investments in Other Entities - Equity Method (Tables) | 9 Months Ended
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Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract] |
Equity Method Investments | 531 W. College LLC’s balance sheets at September 30, 2019 and December 31, 2018 and statements of operations for the nine months ended September 30, 2019 and 2018 are as follows: Balance Sheet
| September 30, 2019 |  | December 31, 2018
Assets |  |  |
Cash | $ | 31,986 |  |  | $ | 158,088 |
Other current assets | 24,750 |  |  | 16,137 |
Other assets | 70,000 |  |  | 70,000 |
Property and equipment, net | $ | 33,412,652 |  |  | $ | 33,394,792 |
Total assets | $ | 33,539,388 |  |  | $ | 33,639,017 |
Liabilities and Members’ Equity |  |  |
Current liabilities | $ | 1,261,243 |  |  | $ | 1,007,413 |
Stockholders’ equity | 32,278,145 |  |  | 32,631,604 |
Total liabilities and members’ equity | $ | 33,539,388 |  |  | $ | 33,639,017 |
Statements of Operation
| Nine Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2018
Revenues | — |  |  | — |
Expenses | 779,958 |  |  | 181,359 |
Loss from operations | (779,958 | ) |  | (181,359 | )
Other Income | $ | 426,500 |  |  | $ | 25,650 |
Net loss | $ | (353,458 | ) |  | $ | (155,709 | )
UCI’s balance sheets at September 30, 2019 and December 31, 2018 and statements of income for the nine months ended September 30, 2019 and 2018 are as follows: Balance Sheets
| September 30, 2019 |  | December 31, 2018
Assets |  |  |
Cash | $ | 29,568,915 |  |  | $ | 27,812,520 |
Receivables, net | 62,787,671 |  |  | 46,978,703 |
Other current assets | 33,786,968 |  |  | 18,670,350 |
Other assets | 10,799,827 |  |  | 661,621 |
Property and equipment, net | 3,319,680 |  |  | 2,786,996 |
Total assets | $ | 140,263,061 |  |  | $ | 96,910,190 |
Liabilities and Stockholders’ Deficit
| September 30, 2019 |  | December 31, 2018
Current liabilities | $ | 120,698,226 |  |  | $ | 89,731,133 |
Other liabilities | 25,067,577 |  |  | 25,024,043 |
Stockholders’ deficit | (5,502,742 | ) |  | (17,844,986 | )
Total liabilities and stockholders’ deficit | $ | 140,263,061 |  |  | $ | 96,910,190 |
Statements of Income
| Nine Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2018
Revenues | $ | 372,181,425 |  |  | $ | 240,633,955 |
Expenses | 370,597,312 |  |  | 246,765,335 |
Income before benefit from income taxes | 1,584,113 |  |  | (6,131,380 | )
Benefit from income taxes | (11,010,394 | ) |  | (130,023 | )
Net income (loss) | $ | 12,594,507 |  |  | $ | (6,001,357 | )
LMA’s summarized balance sheets at September 30, 2019 and December 31, 2018 and summarized statements of operations for the nine months ended September 30, 2019 and 2018 with respect to its IPA line of business are as follows: Balance Sheets
| September 30, 2019 |  | December 31, 2018
Assets |  |  |
Cash and cash equivalents | $ | 3,237,833 |  |  | $ | 18,444,702 |
Receivables, net | 7,778,735 |  |  | 2,897,337 |
Other current assets | 3,526,319 |  |  | 5,459,442 |
Loan receivable | 2,250,000 |  |  | 1,250,000 |
Restricted cash | 680,216 |  |  | 667,414 |
Total assets | $ | 17,473,103 |  |  | $ | 28,718,895 |
Liabilities and Stockholders’ (Deficit) Equity
| September 30, 2019 |  | December 31, 2018
Current liabilities | $ | 22,953,961 |  |  | $ | 26,837,814 |
Stockholders’ (deficit) equity | (5,480,858 | ) |  | 1,881,081 |
Total liabilities and stockholders’ (deficit) equity | $ | 17,473,103 |  |  | $ | 28,718,895 |
Statements of Operations
| Nine Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2018
Revenues | $ | 144,569,818 |  |  | $ | 177,696,760 |
Expenses | 155,581,757 |  |  | 180,445,655 |
Net loss | $ | (11,011,939 | ) |  | $ | (2,748,895 | )
Equity Method Investment Summary Investments in other entities – equity method consisted of the following:
| September 30, 2019 |  | December 31, 2018
LaSalle Medical Associates – IPA Line of Business | $ | 6,426,903 |  |  | $ | 7,054,888 |
Pacific Medical Imaging & Oncology Center, Inc. | 1,542,506 |  |  | 1,359,494 |
Universal Care, Inc. | 8,794,659 |  |  | 2,635,945 |
Accountable Health Care - related party | — |  |  | 4,977,957 |
Diagnostic Medical Group | 2,714,008 |  |  | 2,257,346 |
Pacific Ambulatory Surgery Center, LLC | — |  |  | 285,198 |
531 W. College, LLC – related party | 16,139,073 |  |  | 16,273,152 |
MWN, LLC – related party | 222,956 |  |  | 33,000 |
| $ | 35,840,105 |  |  | $ | 34,876,980 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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