Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets    
Cash (amounts related to VIE of $523,388 and $702,476) $ 7,677,797 $ 2,015,534
Accounts receivable, net (amounts related to VIE of $4,537,938 and $4,420,605) 11,231,760 8,699,714
Employee loans (amounts related to VIE of $856,828 and $652,125) 1,718,201 1,316,684
Prepaid and other current assets (amounts related to VIE of $94,477 and $425,725) 789,690 515,356
Total current assets 21,417,448 12,547,288
Property, plant and equipment, net (amounts related to VIE of $221,853 and $264,150) 2,626,119 2,295,163
Total other assets (amounts related to VIE of $22,005 and $921,470) 3,757,591 3,908,781
Total assets 27,801,158 18,751,232
Current liabilities    
Accounts payable and accrued expenses (amounts related to VIE of $943,361 and $1,479,075) 2,727,424 2,379,404
Accounts payable, related party (amount related to VIE of $0 and $251,588) 251,588 251,588
Income taxes payable 254,791 223,899
Line of credit, short term (amount related to VIE of $440,024) 440,024 440,024
Notes payable, current portion (amount related to VIE of $24,975 and $0) 89,458 29,552
Unearned revenue 28,232 44,607
Deferred rent, short term portion (amount related to VIE of $0 and $45,203) 60,708 105,171
Total current liabilities 3,852,225 3,474,245
Long term liabilities:    
Deposits held 41,930 41,930
Line of credit, long term 1,100,000 1,100,000
Notes payable and capital leases, long term portion (amount related to VIE of $83,248 and $0) 293,968 60,146
Deferred rent, long term portion (amount related to VIE of $2,016,521 and $2,510,406) 2,695,812 2,589,568
Total long term liabilities 4,131,710 3,791,644
Total liabilities 7,983,935 7,265,889
Redeemable Common Stock-2022 Put Option (Note 6) 7,500,000
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, 32,602,489 and 27,356,838 shares issued; 32,602,489 and 27,167,818 shares outstanding as of September 30, 2018 and December 31, 2017, respectively 32,602 27,357
Additional paid in capital 25,430,364 25,185,487
Treasury stock, 0 and 189,020 common shares, at cost, respectively (249,265)
Accumulated deficit (13,541,717) (13,989,018)
Total stockholders' equity attributable to First Choice Healthcare Solutions, Inc. 11,921,249 10,974,561
Non-controlling interest (note 10) 395,974 510,782
Total equity 12,317,223 11,485,343
Total liabilities and equity $ 27,801,158 $ 18,751,232