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10-Q - FORM 10-Q - First Choice Healthcare Solutions, Inc.v326903_10q.htm
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EX-31.1 - EXHIBIT 31.1 - First Choice Healthcare Solutions, Inc.v326903_ex31-1.htm
EX-32.2 - EXHIBIT 32.2 - First Choice Healthcare Solutions, Inc.v326903_ex32-2.htm
EX-32.1 - EXHIBIT 32.1 - First Choice Healthcare Solutions, Inc.v326903_ex32-1.htm
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EXCEL - IDEA: XBRL DOCUMENT - First Choice Healthcare Solutions, Inc.Financial_Report.xls
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v2.4.0.6
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash $ 197,026 $ 528,303
Cash-restricted 216,009 89,939
Accounts receivable 658,857 0
Employee loans 15,000 0
Prepaid and other current assets 87,678 29,705
Deposits-acquisitions 0 998,032
Accounts receivable, other 0 303,000
Capitalized financing costs, current portion 57,348 57,348
Total current assets 1,231,918 2,006,327
Property, plant and equipment, net of accumulated depreciation of $1,357,851 and $1,180,431 8,571,947 4,537,099
Other assets    
Capitalized financing costs, long term portion 167,248 210,259
Customer list, net of accumulated amortization of $10,000 290,000 0
Deposits 18,838 18,515
Total other assets 476,086 228,774
Total assets 10,279,951 6,772,200
LIABILITIES AND STOCKHOLDERS' DEFICIT    
Accounts payable and accrued expenses 464,006 175,699
Notes payable, current portion 827,917 92,392
Unearned revenue 27,858 24,084
Deferred income taxes 0 23,103
Total current liabilities 1,319,781 315,278
Long term debt:    
Deposits held 47,399 47,399
Revolving line of credit, related party 53,069 0
Notes payable, long term portion 9,676,464 7,435,419
Total long term debt 9,776,932 7,482,818
Total liabilities 11,096,713 7,798,096
Stockholders' deficit    
Preferred stock, $0.01 par value; 1,000,000 shares authorized, Nil issued and outstanding 0 0
Common stock, $0.001 par value; 100,000,000 shares authorized, 12,706,795 and 12,462,750 shares issued and outstanding as of September 30, 2012 and December 31, 2011, respectively 12,707 12,463
Additional paid in capital 7,450,117 6,747,512
Common stock subscriptions 100,000 0
Accumulated deficit (8,379,586) (7,785,871)
Total stockholders' deficit (816,762) (1,025,896)
Total liabilities and stockholders' deficit $ 10,279,951 $ 6,772,200