2013 Form 10-K Financial Statement

#000114420414019627 Filed on March 31, 2014

View on sec.gov

Income Statement

Concept 2013 2012 Q4 2012
Revenue $1.048M $1.210M $1.160M
YoY Change -9.62% 266.67% -10.77%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.705M $600.0K $1.314M
YoY Change 29.74% -91.18% -82.41%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $518.6K $120.0K $309.9K
YoY Change 67.35% 200.0% 93.69%
% of Gross Profit
Operating Expenses $7.121M $1.290M $4.083M
YoY Change 74.4% -81.14% -46.49%
Operating Profit -$978.2K -$277.7K
YoY Change 252.18%
Interest Expense $3.704M -$210.0K $563.4K
YoY Change 557.46% 90.91% -260.97%
% of Operating Profit
Other Income/Expense, Net -$3.726M $0.00 -$618.7K
YoY Change 502.23% -1646.82%
Pretax Income -$4.704M -$280.0K -$896.5K
YoY Change 424.76% -95.77% -86.36%
Income Tax $0.00 $0.00 -$23.10K
% Of Pretax Income
Net Earnings -$4.704M -$280.0K -$873.4K
YoY Change 438.64% -95.76% -86.69%
Net Earnings / Revenue -448.68% -23.14% -75.29%
Basic Earnings Per Share -$0.35 -$0.07
Diluted Earnings Per Share -$0.35 -$0.02 -$0.07
COMMON SHARES
Basic Shares Outstanding 13.53M shares 12.64M shares
Diluted Shares Outstanding 13.53M shares 12.64M shares

Balance Sheet

Concept 2013 2012 Q4 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments $739.2K $70.00K $67.05K
YoY Change 1002.4% -86.79% -87.35%
Cash & Equivalents $67.05K
Short-Term Investments
Other Short-Term Assets $454.2K $350.0K $348.5K
YoY Change 30.33% -70.34% -70.47%
Inventory
Prepaid Expenses
Receivables $1.272M $527.9K $527.9K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.465M $943.4K $943.4K
YoY Change 161.35% -53.07% -53.07%
LONG-TERM ASSETS
Property, Plant & Equipment $8.662M $8.757M $8.757M
YoY Change -1.08% 92.88% 92.88%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $134.3K $431.2K $155.6K
YoY Change -13.74% 87.5% -32.33%
Total Long-Term Assets $9.348M $9.188M $9.188M
YoY Change 1.74% 93.02% 93.02%
TOTAL ASSETS
Total Short-Term Assets $2.465M $943.4K $943.4K
Total Long-Term Assets $9.348M $9.188M $9.188M
Total Assets $11.81M $10.13M $10.13M
YoY Change 16.6% 49.65% 49.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $459.0K $580.0K $576.2K
YoY Change -20.34% 222.22% 220.12%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.544M $1.030M $1.034M
YoY Change 49.29% 1044.44% 1049.02%
Total Short-Term Liabilities $2.244M $1.650M $1.650M
YoY Change 36.02% 415.55% 415.55%
LONG-TERM LIABILITIES
Long-Term Debt $11.28M $9.783M $9.564M
YoY Change 17.98% 31.49% 27.86%
Other Long-Term Liabilities $72.90K $220.0K $219.4K
YoY Change -66.77% 340.0%
Total Long-Term Liabilities $11.36M $9.783M $9.783M
YoY Change 16.08% 30.61% 30.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.244M $1.650M $1.650M
Total Long-Term Liabilities $11.36M $9.783M $9.783M
Total Liabilities $13.60M $11.43M $11.43M
YoY Change 18.95% 46.57% 46.57%
SHAREHOLDERS EQUITY
Retained Earnings -$8.659M
YoY Change
Common Stock $12.71K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.787M -$1.302M -$1.302M
YoY Change
Total Liabilities & Shareholders Equity $11.81M $10.13M $10.13M
YoY Change 16.6% 49.65% 49.65%

Cashflow Statement

Concept 2013 2012 Q4 2012
OPERATING ACTIVITIES
Net Income -$4.704M -$280.0K -$873.4K
YoY Change 438.64% -95.76% -86.69%
Depreciation, Depletion And Amortization $518.6K $120.0K $309.9K
YoY Change 67.35% 200.0% 93.69%
Cash From Operating Activities -$1.264M -$70.00K -$788.9K
YoY Change 60.24% -12.5% -1226.93%
INVESTING ACTIVITIES
Capital Expenditures $397.7K $300.0K $2.917M
YoY Change -86.37% -65.91% 191.68%
Acquisitions
YoY Change
Other Investing Activities $25.50K $10.00K $64.56K
YoY Change -60.5% -200.0% -745.6%
Cash From Investing Activities -$372.2K -$280.0K -$2.852M
YoY Change -86.95% -68.54% 182.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $100.0K
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.308M 220.0K 3.180M
YoY Change -27.41% -1200.0% 116.32%
NET CHANGE
Cash From Operating Activities -1.264M -70.00K -788.9K
Cash From Investing Activities -372.2K -280.0K -2.852M
Cash From Financing Activities 2.308M 220.0K 3.180M
Net Change In Cash 672.1K -130.0K -461.3K
YoY Change -245.71% -86.87% -187.03%
FREE CASH FLOW
Cash From Operating Activities -$1.264M -$70.00K -$788.9K
Capital Expenditures $397.7K $300.0K $2.917M
Free Cash Flow -$1.662M -$370.0K -$3.706M
YoY Change -55.16% -61.46% 298.46%

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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><u><font style="FONT-SIZE: 10pt">Use of Estimates</font></u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures.&#160;Accordingly, actual results could differ from those estimates.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2013 us-gaap Concentration Risk Credit Risk
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><u><font style="FONT-SIZE: 10pt">Concentrations of Credit Risk</font></u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The Company&#8217;s financial instruments that are exposed to a concentration of credit risk are cash and accounts receivable.&#160;Generally, the Company&#8217;s cash and cash equivalents in interest-bearing accounts may exceed FDIC insurance limits. The financial stability of these institutions is periodically reviewed by senior management.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2013Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
133812 USD
CY2013 us-gaap Business Acquisition Name Of Acquired Entity
BusinessAcquisitionNameOfAcquiredEntity
First Choice Medical Group of Brevard, LLC
CY2013 us-gaap Business Acquisition Description Of Acquired Entity
BusinessAcquisitionDescriptionOfAcquiredEntity
First Choice - Brevard is a multi-specialty medical group including orthopedics (both operative and non-operative), sports medicine, pain management and neurology. The practice is located in Marina Towers, a Class A office building owned by the Company.
CY2013 us-gaap Business Acquisition Preexisting Relationship Description
BusinessAcquisitionPreexistingRelationshipDescription
The Company has been managing the practice of First Choice Brevard since November 1, 2011, pursuant to a Management Services Agreement (the Management Agreement).
CY2013 fchs Investment Maturity Term
InvestmentMaturityTerm
90 days or less
CY2013 us-gaap Property Plant And Equipment Depreciation Methods
PropertyPlantAndEquipmentDepreciationMethods
straight-line method
CY2013 us-gaap Business Acquisition Effective Date Of Acquisition1
BusinessAcquisitionEffectiveDateOfAcquisition1
2012-04-02
CY2012Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
361284 USD
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2029686 shares
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10222570 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10621184 USD
CY2012 us-gaap Depreciation
Depreciation
309899 USD
CY2013Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.08 pure
CY2013Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.08 pure
CY2012Q4 us-gaap Notes Payable
NotesPayable
10100882 USD
CY2013Q4 us-gaap Notes Payable
NotesPayable
9679260 USD
CY2011Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12462750 shares
CY2011Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12462750 shares
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1314302 USD
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1705154 USD
CY2012 us-gaap Interest Expense
InterestExpense
563391 USD
CY2013 us-gaap Interest Expense
InterestExpense
3704086 USD
CY2012 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
2773450 USD
CY2013 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
397688 USD
CY2013Q4 us-gaap Contractual Obligation Due In Next Twelve Months
ContractualObligationDueInNextTwelveMonths
8411 USD
CY2013Q4 us-gaap Contractual Obligation Due In Second Year
ContractualObligationDueInSecondYear
16835 USD
CY2013Q4 us-gaap Contractual Obligation
ContractualObligation
25246 USD
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.35
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12644784 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13529294 shares
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.35
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12644784 shares
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13529294 shares
CY2012Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
0 USD
CY2013Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
490000 USD
CY2012Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
490000 USD
CY2012Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
CY2013Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 USD
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 USD
CY2012 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-23103 USD
CY2013 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
0 USD
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0 pure
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.350 pure
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.350 pure
CY2012 fchs Shares To Be Returned From Post Acquisition Adjustments Number Of Shares
SharesToBeReturnedFromPostAcquisitionAdjustmentsNumberOfShares
70529 shares
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
743787 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
715085 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
7632286 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
523608 USD
CY2013Q4 us-gaap Long Term Debt
LongTermDebt
9679260 USD
CY2012Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
0 USD
CY2013Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
286500 USD
CY2012Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
0 USD
CY2013Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
800000 USD
CY2012 us-gaap Increase Decrease In Other Deposits
IncreaseDecreaseInOtherDeposits
15796 USD
CY2013 us-gaap Increase Decrease In Other Deposits
IncreaseDecreaseInOtherDeposits
25502 USD
CY2013Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
300000 USD
CY2012Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
300000 USD
CY2013Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
0 USD
CY2012 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-987 USD
CY2013 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
32218 USD
CY2012 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.07
CY2013 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.35
CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
12644784 shares
CY2013Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
2405651 USD
CY2012 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
190000 USD
CY2013 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-10846 USD
CY2013Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
44802 USD
CY2013Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
1731590 USD
CY2013Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
2360849 USD
CY2013 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
13529294 shares
CY2013 fchs Common Stock Issued For Subscription
CommonStockIssuedForSubscription
0 USD
CY2012 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
48761 USD
CY2013 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
0 USD
CY2012 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2013 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1373208 USD
CY2013Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
48761 USD
CY2013Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
325300 USD
CY2013Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets
374061 USD
CY2012 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
0 USD
CY2013 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
286500 USD
CY2012 fchs Common Stock Issued To Acquire10 Interest In Medtech Diagnostics Llc
CommonStockIssuedToAcquire10InterestInMedtechDiagnosticsLlc
0 USD
CY2013 fchs Common Stock Issued To Acquire10 Interest In Medtech Diagnostics Llc
CommonStockIssuedToAcquire10InterestInMedtechDiagnosticsLlc
450000 USD
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15000 USD
CY2013 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20000 USD
CY2013 us-gaap Costmethod Investments Other Than Temporary Impairment
CostmethodInvestmentsOtherThanTemporaryImpairment
450000 USD
CY2013Q4 us-gaap Cost Method Investments
CostMethodInvestments
0 USD
CY2013 fchs Cost Method Investments Other Than Temporary Impairment Per Share
CostMethodInvestmentsOtherThanTemporaryImpairmentPerShare
0.03
CY2013 us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
286500 USD
CY2012Q4 us-gaap Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
0 USD
CY2013Q4 us-gaap Deferred Compensation Share Based Arrangements Liability Current
DeferredCompensationShareBasedArrangementsLiabilityCurrent
166340 USD
CY2012Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
0 USD
CY2013Q4 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
2347403 USD
CY2012 us-gaap Costmethod Investments Other Than Temporary Impairment
CostmethodInvestmentsOtherThanTemporaryImpairment
0 USD
CY2013 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
624000 USD
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
2347403 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
64494 USD
CY2012 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
0 USD
CY2012 fchs Adjustments To Additional Paid In Capital Reclassification Of Derivative Liability To Equity
AdjustmentsToAdditionalPaidInCapitalReclassificationOfDerivativeLiabilityToEquity
0 USD
CY2013 fchs Stock Issued For Loan Modification
StockIssuedForLoanModification
-96000 USD
CY2012 us-gaap Stock Issued1
StockIssued1
0 USD
CY2013 fchs Stock Issued During Period Value Conversion Of Related Party Convertible Debt
StockIssuedDuringPeriodValueConversionOfRelatedPartyConvertibleDebt
142484 USD
CY2013 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
96000 USD
CY2013 fchs Adjustments To Additional Paid In Capital Reclassification Of Derivative Liability To Equity
AdjustmentsToAdditionalPaidInCapitalReclassificationOfDerivativeLiabilityToEquity
366094 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
1871117 USD
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
361284 USD
CY2012 fchs Stock Issued For Loan Modification
StockIssuedForLoanModification
0 USD
CY2013 us-gaap Stock Issued1
StockIssued1
624000 USD
CY2012 fchs Stock Issued For Related Party Line Of Credit
StockIssuedForRelatedPartyLineOfCredit
0 USD
CY2013 fchs Stock Issued For Related Party Line Of Credit
StockIssuedForRelatedPartyLineOfCredit
142484 USD
CY2013Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
1400000 USD
CY2012Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
43537 USD
CY2012 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
6339 USD
CY2013 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
11153 USD
CY2013 dei Trading Symbol
TradingSymbol
FCHS
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
16793248 shares
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Entity Registrant Name
EntityRegistrantName
First Choice Healthcare Solutions, Inc.
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001416876
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2013Q2 dei Entity Public Float
EntityPublicFloat
4844685 USD
CY2013 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
four-to-one (4 to 1) reverse stock split

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