Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Patient service revenue $ 7,870,271 $ 7,290,456 $ 15,277,257 $ 14,168,121
Allowance for bad debts (239,354) (267,194) (504,350) (529,718)
Net patient service revenue less provision for bad debts 7,630,917 7,023,262 14,772,907 13,638,403
Rental revenue 583,774 629,838 1,162,137 1,256,450
Total revenue 8,214,691 7,653,100 15,935,044 14,894,853
Operating expenses:        
Salaries and benefits 3,591,451 3,139,042 6,945,827 5,919,611
Other operating expenses 2,631,823 2,428,310 5,161,006 4,473,885
General and administrative 2,018,819 1,680,807 3,554,652 3,228,383
Depreciation and amortization 193,424 136,800 382,912 435,750
Total operating expenses 8,435,517 7,384,959 16,044,397 14,057,629
Net (loss) income from operations (220,826) 268,141 (109,353) 837,224
Other income (expense):        
Gain on sale of property and improvements 23,378 9,212,346
Miscellaneous income (expense) 53,696 46,812 103,798 105,669
Amortization of financing costs (329) (15,654)
Interest expense, net (30,107) (51,053) (62,181) (232,188)
Total other income 23,589 18,808 41,617 9,070,173
Net (loss) income before provision for income taxes (197,237) 286,949 (67,736) 9,907,397
Income taxes (benefit)
Net (loss) income (197,237) 286,949 (67,736) 9,907,397
Non-controlling interest (note 10) 65,662 (133,812) 138,680 (187,319)
NET (LOSS) INCOME ATTRIBUTABLE TO FIRST CHOICE HEALTHCARE SOLUTIONS, INC. $ (131,575) $ 153,137 $ 70,944 $ 9,720,078
Net (loss) income per common share, basic $ (0.00) $ 0.01 $ (0.00) $ 0.42
Net (loss) income per common share, diluted $ (0.00) $ 0.01 $ (0.00) $ 0.36
Weighted average number of common shares outstanding, basic 26,843,848 23,862,943 26,549,810 23,374,625
Weighted average number of common shares outstanding, diluted 26,843,848 27,196,277 27,349,810 26,707,959