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, 2018
Dec. 31, 2017
Current assets    
Cash (amounts related to VIE of $572,446 and $702,476) $ 8,411,528 $ 2,015,534
Accounts receivable, net (amounts related to VIE of $4,533,012 and $4,420,605) 10,451,686 8,699,714
Employee loans (amounts related to VIE of $856,828 and $490,550) 1,640,827 1,316,684
Prepaid and other current assets (amounts related to VIE of $454,829 and $425,725) 670,263 515,356
Total current assets 21,174,304 12,547,288
Property, plant and equipment, net (amounts related to VIE of $88,001 and $264,150) 2,457,021 2,295,163
Total other assets (amounts related to VIE of $22,005 and $921,470) 3,789,672 3,908,781
Total assets 27,420,997 18,751,232
Current liabilities    
Accounts payable and accrued expenses (amounts related to VIE of $1,005,919 and $1,479,075) 2,759,754 2,379,404
Accounts payable, related party (amount related to VIE of $0 and $251,588) 251,588 251,588
Tax 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) 42,670 29,552
Unearned revenue 27,612 44,607
Deferred rent, short term portion (amount related to VIE of $0 and $45,203) 40,857 105,171
Total current liabilities 3,817,296 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, long term portion (amount related to VIE of $89,490 and $0) 140,615 60,146
Deferred rent, long term portion (amount related to VIE of $2,009,735 and $2,510,406) 2,696,302 2,589,568
Total long term liabilities 3,978,847 3,791,644
Total liabilities 7,796,143 7,265,889
Redeemable common stock (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, 32,480,522 and 27,356,838 shares issued; 32,480,522 and 27,167,818 shares outstanding as of June 30, 2018 and December 31, 2017, respectively 32,481 27,357
Additional paid in capital 25,074,577 25,185,487
Treasury stock, 0 and 189,020 common shares, at cost, respectively (249,265)
Accumulated deficit (13,278,131) (13,989,018)
Total stockholders' equity attributable to First Choice Healthcare Solutions, Inc. 11,828,927 10,974,561
Non-controlling interest (note 10) 295,927 510,782
Total equity 12,124,854 11,485,343
Total liabilities and equity $ 27,420,997 $ 18,751,232