Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Patient service revenue $ 9,108,898 $ 7,870,271 $ 17,590,570 $ 15,277,257
Allowance for bad debts (283,443) (239,354) (562,005) (504,350)
Net patient service revenue 8,825,455 7,630,917 17,028,565 14,772,907
Rental revenue 596,897 583,774 1,179,684 1,162,137
Total revenue 9,422,352 8,214,691 18,208,249 15,935,044
Operating expenses:        
Salaries and benefits 4,735,940 4,004,159 9,065,225 7,720,534
Other operating expenses 2,702,864 2,631,823 5,335,650 5,161,006
General and administrative 1,324,950 1,606,111 2,678,786 2,779,945
Depreciation and amortization 198,908 193,424 400,820 382,912
Total operating expenses 8,962,662 8,435,517 17,480,481 16,044,397
Net income (loss) from operations 459,690 (220,826) 727,768 (109,353)
Other income (expense):        
Gain on sale of equipment 17,400 17,400
Miscellaneous income 41,884 53,696 82,206 103,798
Interest expense, net (37,219) (30,107) (60,731) (62,181)
Total other income 22,065 23,589 38,875 41,617
Net income (loss) before provision for income taxes 481,755 (197,237) 766,643 (67,736)
Income taxes (benefit)
Net income (loss) 481,755 (197,237) 766,643 (67,736)
Non-controlling interest (note 10) (50,206) 65,662 (55,756) 138,680
NET INCOME (LOSS) ATTRIBUTABLE TO FIRST CHOICE HEALTHCARE SOLUTIONS, INC. $ 431,549 $ (131,575) $ 710,887 $ 70,944
Net income (loss) per common share, basic $ 0.01 $ 0.00 $ 0.02 $ 0.00
Net income (loss) per common share, diluted $ 0.01 $ 0.00 $ 0.02 $ 0.00
Weighted average number of common shares outstanding, basic 32,378,940 26,843,848 30,505,275 26,549,810
Weighted average number of common shares outstanding, diluted 33,178,940 26,843,848 31,305,275 27,349,810