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)

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 investments2,0164,5941,59527973967
Cash and cash equivalents2,0164,5941,59527973967
Receivables9,85510,3577,2961,8051,272528
Deferred costs  40685757
Prepaid expense and other current assets70
Other undisclosed current assets677423676472397221
Total current assets:12,54715,3739,6072,6242,465943
Noncurrent Assets
Property, plant and equipment2,2952,5458,6148,2948,6628,757
Intangible assets, net (including goodwill)899899 245265276
Goodwill899899    
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 assets3,0093,328 (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 payable224181    
Interest and dividends payable   1  
Settlement liabilities  600 
Other undisclosed accounts payable and accrued liabilities2,1561,9023,3371,456459576
Debt1,5702,05910,2201,9701,544991
Deferred compensation liability  1,199538166 
Derivative instruments and hedges, liabilities     172
Due to related parties252252680   
Deferred revenue and credits150265162397539
Customer advances and deposits  43224
Other undisclosed current liabilities2241816002,149 (128)
Total current liabilities:4,5744,84016,8416,3762,2441,650
Noncurrent Liabilities
Long-term debt and lease obligation2,6922,3502,7448,25711,3569,783
Long-term debt, excluding current maturities2,6922,3502,7448,25711,3569,783
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 stock272523181713
Treasury stock, value(249)     
Common stock, value, subscriptions  175 
Additional paid in capital25,18524,02121,19712,67211,5607,245
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 interest5111,012919   
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)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues32,95430,38920,1729,0151,0481,160
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 income12127827333
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 parent8,779(185)(435)   
Net income (loss) available to common stockholders, diluted:3,8889,174(3,422)(2,490)(4,704)(873)

Comprehensive Income ($ in thousands)

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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