First Choice Healthcare Solutions Inc (FCHS) financial statements (2020 and earlier)

Company profile

Business Address 709 S. HARBOR CITY BLVD.
MELBOURNE, FL 32901
State of Incorp. DE
Fiscal Year End December 31
SIC 8071 - Medical Laboratories (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2018
TTM
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2,0164,5941,59527973967
Cash and cash equivalents 2,0164,5941,59527973967
Receivables 9,85510,3577,2961,8051,272528
Deferred costs   40685757
Prepaid expense and other current assets70
Other undisclosed current assets 677423676472397221
Total current assets: 12,54715,3739,6072,6242,465943
Noncurrent Assets
Property, plant and equipment 2,2952,5458,6148,2948,6628,757
Intangible assets, net (including goodwill) 899899 245265276
Goodwill 899899    
Intangible assets, net (excluding goodwill)    245265276
Deposits noncurrent assets    333
Deferred costs    38132153
Other noncurrent assets   4,404553686
Prepaid expense and other noncurrent assets431
Other undisclosed noncurrent assets 3,0093,328 (285)(399)(431)
Total noncurrent assets: 6,2046,77313,0178,8479,3489,188
TOTAL ASSETS: 18,75122,14622,62411,47111,81310,131
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 2,3792,0833,9371,457459576
Taxes payable 224181    
Interest and dividends payable    1  
Settlement liabilities   600 
Other undisclosed accounts payable and accrued liabilities 2,1561,9023,3371,456459576
Debt 1,5702,05910,2201,9701,544991
Deferred compensation liability   1,199538166 
Derivative instruments and hedges, liabilities      172
Due to related parties 252252680   
Deferred revenue and credits150265162397539
Customer advances and deposits  43224
Other undisclosed current liabilities 2241816002,149 (128)
Total current liabilities: 4,5744,84016,8416,3762,2441,650
Noncurrent Liabilities
Long-term debt and lease obligation 2,6922,3502,7448,25711,3569,783
Long-term debt, excluding current maturities 2,6922,3502,7448,25711,3569,783
Liabilities, other than long-term debt    7373201
Customer advances or deposits   737347
Due to related parties      153
Other undisclosed noncurrent liabilities (0)  (73)(73)(201)
Total noncurrent liabilities: 2,6912,3502,7448,25711,3569,783
Total liabilities: 7,2667,19019,58514,63413,60011,433
Stockholders' equity
Stockholders' equity attributable to parent, including: 10,97513,9452,120(3,163)(1,787)(1,302)
Common stock 272523181713
Treasury stock, value (249)     
Common stock, value, subscriptions   175 
Additional paid in capital 25,18524,02121,19712,67211,5607,245
Retained earnings (accumulated deficit) 13,989(10,101)(19,275)(15,853)(13,364)(8,659)
Other undisclosed stockholders' equity attributable to parent (27,978)    100
Stockholders' equity attributable to noncontrolling interest 5111,012919   
Total stockholders' equity: 11,48514,9563,039(3,163)(1,787)(1,302)
TOTAL LIABILITIES AND EQUITY: 18,75122,14622,62411,47111,81310,131

Income statement (P&L) ($ in thousands)

9/30/2018
TTM
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues 32,95430,38920,1729,0151,0481,160
Revenue, net32,95430,38920,1729,0156,5083,805
Cost of revenue
(Deferred Sales Inducement Cost, Amortization Expense)
 (323)     
Gross profit: 32,63130,38920,1729,0151,0481,160
Operating expenses (33,154)(29,324)(21,452)(9,646)(7,486)(4,083)
Other undisclosed operating income (loss) (3,887)(925)(655)(913)5,4592,645
Operating income (loss): (4,410)140(1,934)(1,543)(978)(278)
Nonoperating income (expense) 219,127(1,270)(946)(3,726)(619)
Other nonoperating income 12127827333
Interest and debt expense  (16)(76)(83)(3,704)563
Income (loss) from continuing operations before equity method investments, income taxes: (4,389)9,251(3,280)(2,572)(8,408)(333)
Other undisclosed income (loss) from continuing operations before income taxes  1676833,704(563)
Income (loss) from continuing operations before income taxes: (4,389)9,267(3,204)(2,490)(4,704)(896)
Income tax benefit      23
Net income (loss): (4,389)9,267(3,204)(2,490)(4,704)(873)
Net income (loss) attributable to noncontrolling interest (501)93218   
Other undisclosed net income (loss) attributable to parent 8,779(185)(435)   
Net income (loss) available to common stockholders, diluted: 3,8889,174(3,422)(2,490)(4,704)(873)

Comprehensive Income ($ in thousands)

9/30/2018
TTM
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss): (4,389)9,267(3,204)(2,490)(4,704)(873)
Comprehensive income (loss): (4,389)9,267(3,204)(2,490)(4,704)(873)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (501)93218   
Comprehensive income (loss), net of tax, attributable to parent: (4,890)9,360(2,986)(2,490)(4,704)(873)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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