Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash (amounts related to VIE of $921,972 and $708,858) $ 3,242,006 $ 4,593,638
Accounts receivable, net (amounts related to VIE of $6,082,888 and $6,010,961) 10,855,735 9,536,830
Employee loans (amounts related to VIE of $491,550 and $491,850) 1,031,044 820,341
Prepaid and other current assets (amounts related to VIE of $453,420 and $329,427) 655,687 422,512
Total current assets 15,784,472 15,373,321
Property, plant and equipment, net of accumulated depreciation of $1,367,489 and $1,165,219 (amounts related to VIE of $653,892 and $693,629) 2,540,364 2,544,816
Other assets (amounts related to VIE of $921,470) 4,047,085 4,227,957
Total assets 22,371,921 22,146,094
Current liabilities:    
Accounts payable and accrued expenses (amounts related to VIE of $1,622,119 and $1,366,143) 2,221,316 2,083,231
Accounts payable, related party (amount related to VIE of $251,588) 251,588 251,588
AMT Tax Payable 181,029 181,029
Line of credit, short term (amount related to VIE of $439,524) 1,539,524 1,539,524
Notes payable, current portion 277,855 519,452
Unearned revenue 44,037 26,936
Deferred rent, short term portion (amount related to VIE of $237,923) 237,923 237,923
Total current liabilities 4,753,272 4,839,683
Long term liabilities    
Deposits held 41,930 41,930
Notes payable, long term portion 15,695 14,531
Deferred rent, long term portion (amount related to VIE of $2,266,195 and $2,214,909) 2,397,337 2,293,594
Total long term liabilities 2,454,962 2,350,055
Total liabilities 7,208,234 7,189,738
Equity:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized, Nil issued and outstanding
Common stock, $0.001 par value; 100,000,000 shares authorized, 26,971,038 and 24,631,327 shares issued; 26,938,650 and 24,631,327 shares outstanding as of June 30, 2017 and December 31, 2016, respectively 26,971 24,631
Additional paid in capital 24,343,291 24,020,610
Treasury stock, 32,388 and 0 common shares, at cost, respectively (49,954)
Accumulated deficit (10,029,590) (10,100,534)
Total stockholders' equity attributable to First Choice Healthcare Solutions, Inc. 14,290,718 13,944,707
Non-controlling interest (note 10) 872,969 1,011,649
Total equity 15,163,687 14,956,356
Total liabilities and equity $ 22,371,921 $ 22,146,094