Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Mar. 25, 2015 | Jun. 30, 2014 | |
Document Type | 10-K | ||
Amendment Flag | FALSE | ||
Document Period End Date | 31-Dec-14 | ||
Trading Symbol | nhc | ||
Entity Registrant Name | Nobilis Health Corp. | ||
Entity Central Index Key | 1409916 | ||
Current Fiscal Year End Date | -19 | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Common Stock, Shares Outstanding | 61,135,631 | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well Known Seasoned Issuer | No | ||
Entity Public Float | $23,254,102 | ||
Document Fiscal Year Focus | 2014 | ||
Document Fiscal Period Focus | FY |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||
Current Assets: | ||
Cash | $7,568 | $5,602 |
Trade accounts receivable, net | 42,175 | 8,281 |
Medical supplies | 1,412 | 787 |
Prepaid expenses and other current assets | 3,554 | 540 |
Total current assets | 54,709 | 15,210 |
Property and equipment, net | 9,087 | 4,833 |
Intangible assets | 19,543 | 1,097 |
Goodwill | 22,470 | 1,228 |
Notes receivable | 659 | 150 |
Investments in associates | 880 | 0 |
Other long-term assets | 234 | 121 |
Total Assets | 107,582 | 22,639 |
Current Liabilities: | ||
Trade accounts payable | 10,528 | 3,018 |
Accrued liabilities | 9,112 | 1,970 |
Lines of credit | 5,420 | 0 |
Subordinated notes payable | 635 | 0 |
Current portion of debt | 3,437 | 1,693 |
Current portion of capital leases | 257 | 49 |
Other current liabilities | 1,485 | 43 |
Total current liabilities | 30,874 | 6,773 |
Long-term capital leases, net of current portion | 573 | 163 |
Long-term debt, net of current portion | 10,582 | 0 |
Other long-term liabilities | 252 | 0 |
Total liabilities | 42,281 | 6,936 |
Shareholders' Equity: | ||
Common stock, no par value | 0 | 0 |
Additional paid in capital | 179,293 | 150,897 |
Accumulated deficit | -132,866 | -140,052 |
Accumulated other comprehensive income | -111 | 104 |
Total shareholders' equity attributable to Nobilis Health Corp. | 46,316 | 10,949 |
Noncontrolling interests | 18,985 | 4,754 |
Total shareholders' equity | 65,301 | 15,703 |
Total Liabilities and Shareholders' Equity | $107,582 | $22,639 |
Consolidated_Statements_of_Ear
Consolidated Statements of Earnings (USD $) | 12 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Revenues: | ||
Patient and net professional fees | $80,917 | $31,128 |
Contracted marketing revenues | 2,171 | 0 |
Factoring revenues | 941 | 0 |
Total revenue | 84,029 | 31,128 |
Cost of revenues | 201 | 0 |
Gross Profit | 83,828 | 31,128 |
Income from operations | 20,833 | 4,676 |
Other expense (income): | ||
Gain on bargain purchase | 0 | -2,392 |
Interest expense | 288 | 97 |
Other expense (income), net | -183 | 120 |
Total other expense (income) | 105 | -2,175 |
Net income before income taxes and noncontrolling interests | 20,728 | 6,851 |
Income tax | 480 | 177 |
Net income | 20,248 | 6,674 |
Net income attributable to noncontrolling interests | 13,062 | 5,476 |
Net income attributable to Nobilis Health Corp. | 7,186 | 1,198 |
Net income per basic common share | $0.15 | $0.03 |
Net income per fully diluted common share | $0.15 | $0.03 |
Weighted average shares outstanding (basic) | 46,517,815 | 36,793,950 |
Weighted average shares outstanding (fully diluted) | 48,781,348 | 37,637,662 |
Operating expenses [Member] | ||
Revenues: | ||
Salaries and benefits | 11,933 | 5,329 |
Drugs and supplies | 11,094 | 4,423 |
General and administrative | 31,791 | 10,648 |
Depreciation and amortization | 1,529 | 650 |
Total operating expenses | 56,347 | 21,050 |
Corporate costs [Member] | ||
Revenues: | ||
Salaries and benefits | 2,386 | 2,285 |
General and administrative | 4,082 | 2,228 |
Legal expenses | 66 | 808 |
Depreciation and amortization | 114 | 81 |
Total operating expenses | $6,648 | $5,402 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
Net income | $7,186 | $1,198 |
Other comprehensive income: | ||
Foreign currency translation adjustments | -215 | -32 |
Total other comprehensive income | -215 | -32 |
Comprehensive income attributable to Nobilis Health Corp. | $6,971 | $1,166 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Equity (USD $) | Additional Paid In Capital [Member] | Accumulated Deficit [Member] | Accumulated Other Comprehensive Income [Member] | Equity Attibutable to Nobilis Health [Member] | Equity Attributable to Noncontrolling Interests [Member] | Total |
In Thousands | ||||||
Beginning Balance at Dec. 31, 2012 | $145,802 | ($141,250) | $136 | $4,688 | $4,462 | $9,150 |
Net income | 1,198 | 1,198 | 5,476 | 6,674 | ||
Proceeds from private equity offering | 4,089 | 4,089 | 4,089 | |||
Proceeds from sale of ownership interest in subsidiary | 303 | 303 | 303 | |||
Purchase of additional ownership interest in subsidiary | 157 | 157 | -927 | -770 | ||
Distributions to noncontrolling interests | -4,257 | -4,257 | ||||
Other comprehensive income | -32 | -32 | -32 | |||
Subtotal | 150,351 | -140,052 | 104 | 10,403 | 4,754 | 15,157 |
Exercise of stock options | 168 | 168 | 168 | |||
Share-based compensation, net | 378 | 378 | 378 | |||
Ending Balance at Dec. 31, 2013 | 150,897 | -140,052 | 104 | 10,949 | 4,754 | 15,703 |
Net income | 7,186 | 7,186 | 13,062 | 20,248 | ||
Proceeds from private equity offering | 6,100 | 6,100 | 6,100 | |||
Proceeds from sale of ownership interest in subsidiary | 705 | 705 | 705 | |||
Purchase of additional ownership interest in subsidiary | 0 | |||||
Purchase of investment | 490 | 490 | 490 | |||
Consolidation of investment | 522 | 522 | ||||
Consolidation of First Nobilis | 7,206 | 7,206 | ||||
Acquisition of Athas Health | 16,239 | 16,239 | 16,239 | |||
Distributions to noncontrolling interests | -6,559 | -6,559 | ||||
Other comprehensive income | -215 | -215 | -215 | |||
Subtotal | 174,431 | -132,866 | -111 | 41,454 | 18,985 | 60,439 |
Exercise of stock warrants | 3,188 | 3,188 | 3,188 | |||
Exercise of stock options | 166 | 166 | 166 | |||
Share-based compensation, net | 1,508 | 1,508 | 1,508 | |||
Ending Balance at Dec. 31, 2014 | $179,293 | ($132,866) | ($111) | $46,316 | $18,985 | $65,301 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2014 | Dec. 31, 2013 |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net income | $7,186 | $1,198 |
Adjustments to reconcile net income attributable to Nobilis to net cash provided by operating activities: | ||
Depreciation | 1,642 | 731 |
Gain on sale of fixed assets | -39 | -2 |
Noncontrolling interests | 13,062 | 5,476 |
Gain on bargain purchase of a business | 0 | -2,392 |
Foreign currency gain (loss) | -215 | -32 |
Share-based compensation | 1,508 | 378 |
Changes in operating assets and liabilities | -19,146 | -1,869 |
Net cash provided by operating activities | 3,998 | 3,488 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Purchase of property and equipment | -2,023 | -1,180 |
Purchase of investment in associate | -150 | 0 |
Purchase of interest acquired in a subsidiary | -346 | 0 |
Distributions from investments in associates | 0 | 159 |
Proceeds from sale of property and equipment | 39 | 2 |
Proceeds from sale of ownership interests of subsidiary | 705 | 303 |
Purchase of additional ownership interest in subsidiary | 0 | -770 |
Acquisition of a business | -3,000 | -460 |
Net cash (used for) investing activities | -4,775 | -1,946 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Distributions to non controlling interests | -6,559 | -4,257 |
Proceeds from exercise of stock options | 166 | 168 |
Proceeds from exercise of stock warrants | 3,188 | 0 |
Payments on capital lease obligations | -77 | -12 |
Proceeds from debt and lines of credit | 1,300 | 0 |
Payments of debt and lines of credit | -1,375 | 0 |
Note receivable | 0 | -150 |
Proceeds from private placement | 6,100 | 4,089 |
Net cash provided by (used for) financing activities | 2,743 | -162 |
NET INCREASE IN CASH AND CASH EQUIVALENTS | 1,966 | 1,380 |
CASH AND CASH EQUIVALENTS - Beginning of period | 5,602 | 4,222 |
CASH AND CASH EQUIVALENTS - End of period | 7,568 | 5,602 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
Cash paid for taxes | 165 | 100 |
Cash paid for interest | 216 | 97 |
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
Capital expenditures funded by capital lease borrowings | 696 | 224 |
Non-cash acquisition of property and equipment | 2,271 | 0 |
Non-cash acquisition of intangibles and goodwill | $7,206 | $0 |
Company_Description
Company Description | 12 Months Ended |
Dec. 31, 2014 | |
Company Description [Text Block] | 1. Company Description |
Nobilis Health Corp. was incorporated on March 16, 2007 under the name "Northstar Healthcare Inc." pursuant to the provisions of the British Columbia Business Corporations Act ("BCBCA" ) . On December 5, 2014, Northstar Healthcare Inc. changed its name to Nobilis Health Corp. Our registered office is located at Suite 400, 570 Granville Street, Vancouver, British Columbia V6C 3P1 and our corporate office is located at 4120 Southwest Freeway, Suite 150, Houston, Texas 77027. Our common shares are and have been publicly traded on the Toronto Stock Exchange under the symbol "NHC" since May 2007. | |
We own and manage nine healthcare facilities (the "Nobilis Facilities") in Texas and Arizona; two MRI centers, an urgent care center, one hospital and five ambulatory surgery centers (“ASC”), referred to as the "Nobilis ASCs" of which three are located in Houston, Texas, one in Dallas, Texas and one in Scottsdale, Arizona. The Nobilis ASCs are licensed ambulatory surgery centers that provide scheduled surgical procedures in a limited number of clinical specialties, which enables them to develop routines, procedures and protocols to maximize operating efficiency and productivity while offering an enhanced healthcare experience for both physicians and patients. | |
The Nobilis ASCs do not offer the full range of services typically found in traditional hospitals, but instead focus on certain clinical specialties, including orthopedic surgery, podiatric surgery, ENT, pain management, gastro- intestinal, gynecology, and general surgery. Nobilis’ hospital focuses on these same specialties with the ability to take on more complex instances. | |
In December 2014, the Company expanded its services to health care marketing and factoring of receivables when it acquired 100% interests of Athas Health, LLC (“Athas”). |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | |
Dec. 31, 2014 | ||
Summary of Significant Accounting Policies [Text Block] | 2. Summary of Significant Accounting Policies | |
Basis of Presentation | ||
The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). | ||
Principles of Consolidation | ||
Our consolidated financial statements include the accounts of Nobilis and its subsidiaries. Subsidiaries are all entities over which the Company has the power to govern the financial and operating policies through ownership of more than one half of the voting rights or by determining that the subsidiary is a variable interest entity (“VIE”) that requires consolidation. A reporting entity with a controlling financial interest in a VIE will have both of the following characteristics: (i) the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb the losses of the VIE that could potentially be significant to the VIE or the right to receive benefit from the VIE that could potentially be significant to the VIE. See note 17 for details. All significant intercompany accounts are eliminated in consolidation. | ||
Use of Accounting Estimates | ||
The preparation of financial statements in conformity with U.S. GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. Retroactively calculated third-party contractual adjustments are accrued on an estimated basis in the period in which the related services are rendered. Net patient service revenue is adjusted as required in subsequent periods based on final settlements and collections. | ||
Cash | ||
We maintain our cash in bank deposit accounts that at times, may exceed federally insured limits. We have not experienced any losses in such accounts, and we believe we are not exposed to any significant credit risks on cash. At December 31, 2014 and 2013, our cash exceeded what is federally insured. | ||
Patient and Net Professional Fees | ||
Patient and net professional fees is reported at the estimated net realizable amounts from patients, third-party payors, and others for services rendered. | ||
The amounts actually collected by the Company from third-party payors, including private insurers, are variable, even for identical procedures performed. An additional factor in the determination of patient and net professional fees is the Company’s payor mix, as between private health insurance plans, workers’ compensation, directly from patients, and from government payor plans. Management reviews and evaluates historical payment data, payor mix and current economic conditions on a periodic basis and adjusts the estimated collections as a percentage of gross billings (which are used to determine patient and net professional fees) as required in subsequent periods based on final settlements and collections. | ||
Revenue is recognized upon the performance of the patient service and when ultimate collection is measurable and reasonably assured. | ||
Contracted Marketing Revenues | ||
Contracted marketing revenue is comprised of payments from hospitals, ASC’s and other ancillary service providers through marketing services agreements. The services include licensing, marketing, patient intake, patient outcome assessments and educational services. Revenue is recognized on a gross basis upon the performance of the marketing service and when ultimate collection is measurable and reasonably assured. Costs associated with the performance of these services is recorded in cost of revenue in the consolidated statement of earnings. | ||
Factoring Revenues | ||
Factoring revenue is comprised of revenue generated from certain accounts receivables which are purchased from third parties through the regular course of business. Purchase price is determined either by a flat fee per case, as dictated per the agreement, or as a percentage of final collections. At the time of purchase, the Company assumes all financial risk and incurs all costs related to collections without any recourse to the third party seller. Revenue is recognized based upon the date of the original service associated with the receivable. | ||
Accounts Receivable | ||
Accounts receivable consists of net patient service revenues and factoring revenues recorded at net realizable value and contracted marketing revenues recorded at the fees due from the facilities for marketing services performed. | ||
On a periodic basis, we evaluate receivables based on the age of the receivable, history of past collections and current credit and economic conditions and adjust the carrying value accordingly. An account is written off when it is determined that all collection efforts have been exhausted. The Company does not accrue finance or interest charges on accounts receivable. An allowance for uncollectible patient receivables balances, including receivables from non-partner surgeons, is maintained at a level which the Company believes is adequate to absorb possible losses. | ||
Medical Supplies | ||
Medical supplies consist of various surgical supplies and medications and are valued at the lower of cost or market on the first-in, first-out method. The market value of inventories is determined based on the estimated selling price in the ordinary course of business less the estimated costs of sale, and a reasonable profit margin based on the effort required sell the inventories. The Company had no write-downs for medical supplies for the years ended December 31, 2014 or 2013. | ||
Property and Equipment | ||
Property and equipment is stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. Property under capital leases and the related obligation for future lease payments are initially recorded at an amount equal to the lesser of fair value of the property and equipment or the present value of the future lease payments. Leasehold improvements are amortized over the lesser of the estimated useful life of the asset or the term of the lease. Maintenance and repairs are charged to operations when incurred. | ||
We evaluate our long-lived assets for possible impairment annually or whenever events or changes in circumstances indicate that the carrying amount of the asset, or related group of assets, may not be recoverable from estimated future undiscounted cash flows. If the estimated future undiscounted cash flows are less than the carrying value of the assets, we calculate the amount of impairment if the carrying value of the long-lived assets exceeds the fair value of the assets. The fair value of the assets is estimated based on appraisals, established market values of comparable assets or internal estimates of future net cash flows expected to result from the use and ultimate disposition of the asset. The estimates of these future cash flows are based on assumptions and projections we believe to be reasonable and supportable. They require our subjective judgments and take into account assumptions about revenue and expense growth rates. These assumptions may vary by type of facility and presume stable, improving or, in some cases, declining results at our hospitals, depending on their circumstances. | ||
We report long-lived assets to be disposed of at the lower of their carrying amounts or fair values less costs to sell. In such circumstances, our estimates of fair value are based on appraisals, established market prices for comparable assets or internal estimates of future net cash flows. Gains and losses on disposals of property and equipment are determined by comparing the proceeds from disposal with the net carrying amount of property and equipment, and are recognized within other expense (income) in the consolidated statement of earnings. | ||
The estimated useful lives for depreciation purposes are as follows: | ||
Property and Equipment | Estimated Useful Lives | |
Telephone equipment | 7 Years | |
Computer hardware | 5 Years | |
Computer software | 3 - 5 Years | |
Furniture and office equipment | 7 Years | |
Medical equipment | 5 Years | |
Leasehold improvements | Estimated usefule life or lease term | |
I nvestments in Associates | ||
Investments in associates which are not consolidated, but over which the Company exercises significant influence, are accounted for under the equity method of accounting. Whether or not the Company exercises significant influence with respect to an associate depends on an evaluation of several factors including, among others, representation on the associate’s board of directors, involvement in operations, and ownership level. Under the equity method of accounting, the associate’s accounts are not reflected within the Company’s consolidated balances sheets and statements of earnings; however, the Company’s share of the earnings or losses of the associate is reflected in other expense (income) in the consolidated statements of earnings. The Company’s carrying value in an equity method investment is reflected in investments in associates in the consolidated balance sheets. | ||
When the Company’s carrying value in an equity method investment is reduced to zero, no further losses are recorded in the Company’s consolidated financial statements unless the Company guaranteed obligations of the associate or has committed additional funding. When the associate subsequently reports income, the Company will not record its share of such income until it equals the amount of its share of losses not previously recognized. | ||
Investments in associates which are not accounted for under the equity method of accounting are accounted for under the cost method of accounting and are initially recognized at cost. Distributions received from an associate are recorded as other expense (income) in the consolidated statements of earnings. Under this method, the Company’s share of the earnings or losses of the associates is not included in the consolidated balance sheets or consolidated statements of earnings. However, the investments are reviewed for impairment at least annually and any impairment loss that is other than temporary is recognized in the consolidated statements of earnings. If circumstances suggest that the value of the associate has subsequently recovered, such recovery is not recorded. At December 31, 2014, the investments are not considered impaired. | ||
Goodwill and Intangibles | ||
Goodwill represents the excess of the cost of an acquisition over the fair value of the Company’s share of the net identifiable assets of an acquired subsidiary on the date of acquisition. Goodwill is reviewed for impairment on an annual basis or more frequently if events or circumstances indicate potential impairment. The Company’s goodwill evaluation is based on both qualitative and quantitative assessments regarding the fair value of goodwill relative to its carrying value. The Company assesses qualitative factors to determine if its sole reporting unit’s fair value is more likely than not to exceed its carrying value, including goodwill. In the event the Company determines that it is more likely than not that its reporting unit’s fair value is less than its carrying amount, quantitative testing is performed comparing recorded values to estimated fair values. Estimates of fair value are based on appraisals, established market prices for comparable assets or internal estimates of future net cash flows. If the fair value exceeds the carrying value, goodwill is not impaired. If the carrying value exceeds the fair value, an impairment charge is recognized through a charge to operations based upon the excess of the carrying value of goodwill over the implied fair value. | ||
Indefinite life intangible assets consisting of trade names, trademarks, Medicare licenses, and an unfavorable lease, are not amortizable; however, are evaluated for impairment on an annual basis. Definite live intangible assets consisting of non-compete agreements, internally developed software, trade secret methodology and physician relationships, are carried at cost less accumulated amortization, which is calculated on a straight-line basis over a period of five to 20 years depending on the asset’s useful life. | ||
Advertising and Marketing Costs | ||
Advertising costs are expensed as they are incurred. Advertising expense for the years ended December 31, 2014 and 2013 was $9.9 million and $3.2 million, respectively. The Company utilizes many media outlets for marketing to patients which include internet, TV, radio, print, seminar and billboard advertising. | ||
Income Taxes | ||
The tax expense for the period comprises current and deferred tax. Tax expense is recognized in the consolidated statement of earnings, except to the extent that it relates to items recognized directly in equity. For items recognized directly in equity, the tax expense is also recognized in equity. | ||
The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the Company’s subsidiaries and associates operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulations is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities. | ||
Deferred income tax is recognized, using the liability method, on temporary differences arising between the tax basis of assets and liabilities and their carrying amounts in the consolidated financial statements. Deferred income tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the balance sheet date and are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled. | ||
Deferred income tax assets are recognized only to the extent that it is probable that future taxable profit will be available against which the temporary difference can be utilized. | ||
Deferred income tax is provided on temporary differences arising on investments in subsidiaries and associates, except where the timing of the reversal of the temporary difference is controlled by the Company and it is probable that the temporary difference will not reverse in the foreseeable future. | ||
Under U.S. GAAP, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty (50) percent likelihood of being realized upon ultimate settlement. The Company annually evaluates tax positions to determine the need for any additional disclosures in accordance with U.S. GAAP, including de-recognition, classification, interest and penalties on income taxes and accounting in interim periods. | ||
Leases | ||
Certain leases are classified as capital leases whenever the terms of the lease transfer substantially all of the risks and rewards of ownership to the lessee. Leases in which a significant portion of the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases (net of any incentives received from the lessor) are charged to the consolidated statement of earnings on a straight-line basis over the period of the lease as rent expense. | ||
Foreign Currency | ||
Items included in the consolidated financial statements for each of the Company’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). Currently, all of the Company’s activities are measured using the U.S. Dollar (“USD”). The consolidated statements are presented in USD, the Company’s reporting currency. | ||
From time to time monetary assets and liabilities may be denominated in foreign currency, and, if so, will be translated at the exchange rate in effect as the statement of financial position date, with resulting gains or losses included within the consolidated statement of comprehensive income. Revenues and expenses denominated in foreign currencies are translated into USD at the average foreign currency exchange rate for the period. | ||
Share Based Compensation | ||
The Company recognizes all stock-based payments to employees, including grants of employee stock options, in the consolidated financial statements based on their grant-date fair values in accordance with U.S GAAP. The Company values its stock options awarded using the Black-Scholes option pricing model. Restricted stock awards are valued at the grant date closing market price. Stock based compensation costs are recognized over the vesting period, which is the period during which the employee is required to provide service in exchange for the award. Stock-based compensation paid to non-employees are valued at the fair value at the applicable measurement date and charged to expense as services are rendered. | ||
Net Income Per Common Share | ||
We calculate net income per common share by dividing net income available for common shareholders by the weighted average number of common shares outstanding during the period. Fully diluted income per share is computed using the weighted average number of common and potential common shares outstanding during the period. Potential common shares include those that may be issued upon redemption of units granted under the Company’s RSU and Share Option Plans. | ||
Comprehensive Income | ||
Comprehensive income consists of net income and other gains and losses affecting stockholder's equity that are excluded from net income, such as unrealized gains and losses on available-for-sale investments, foreign currency translation gains and losses and minimum pension liability. The Company’s other comprehensive income represents foreign currency translation adjustments. | ||
Noncontrolling Interests | ||
Noncontrolling interests are classified in the consolidated statements of earnings as part of consolidated net income and the accumulated amount of noncontrolling interest in the consolidated balance sheets as part of shareholders’ equity. Changes in the ownership interest in a consolidated subsidiary that does not result in a loss of control are accounted for as an equity transaction. If a change in ownership of a consolidated subsidiary results in a loss of control and deconsolidation, any retained ownership interests are remeasured with the gain or loss reported in net earnings. | ||
Segment Reporting | ||
The Company reports segment information based on how the chief operating decision maker, along with other members of management, organize and utilize financial and operational data in determining how to allocate resources and assess performance. | ||
Effective December 1, 2014, the Company’s business lines are classified into two reportable business segments which include a medical services segment and a marketing and factoring segment. The medical services segment provides the operation of hospitals, outpatient facilities and other various related health care services. The marketing and factoring segment provides direct to consumer marketing efforts which educate patients on their healthcare options. Factoring activities are included in the marketing segment, as such activities only pertain to patients which are acquired through the marketing efforts of Athas. | ||
We evaluate performance based on income from operations of the respective business units prior to the allocation of corporate office expenses. Transactions between segments are eliminated in consolidation. Our corporate office provides general and administrative as well as support services to our two revenue-generating segments. Management allocates costs between segments for selling, general and administrative expenses and depreciation expense. | ||
Recent Accounting Pronouncements | ||
In May 2014, the Financial Accounting Standards Board (“FASB”) issued new guidance that introduces a new five-step revenue recognition model in which an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance also requires disclosures sufficient to enable users to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative disclosures about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract. This standard is effective for fiscal years beginning after December 15, 2016, including interim periods within that reporting period. The Company is currently evaluating the new guidance to determine the impact it will have on its consolidated financial statements. | ||
In June 2014, the FASB issued amended guidance on the accounting for certain share-based employee compensation awards. The amended guidance applies to share-based employee compensation awards that include a performance target that affects vesting when the performance target can be achieved after the requisite service period. These targets are to be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant-date fair value of the award and compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved. The amendments are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. The Company does not expect adoption will have a material impact on its consolidated financial statements. | ||
In February 2015, the FASB issued amended guidance on the consolidation of legal entities including limited partnerships and limited liability corporations. The guidance modifies the consolidation models to be analyzed in determining whether a reporting entity should consolidate certain types of legal entities. The guidance must be applied using on of two retrospective application methods and will be effective for fiscal years beginning after December 15, 2015, and for interim periods within those fiscal years. Early adoption is permitted, including adoption in any interim period. The Company does not expect adoption will have a material impact on its consolidated financial statements. |
Acquisitions_and_Business_Comb
Acquisitions and Business Combinations | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Acquisitions and Business Combinations [Text Block] | 3. Acquisitions and Business Combinations | ||||||||||||
In December 2013, the Company completed its acquisition of a former outpatient surgery center near Phoenix, Arizona. The acquisition was completed through bankruptcy court. The Company created a new subsidiary named Northstar Healthcare Surgery Center – Scottsdale, LLC and will continue to operate the surgery center in a similar capacity. | |||||||||||||
The Company concluded that the fair value of the consideration transferred in the acquisition was less than the fair value of the net identifiable assets acquired, resulting in $2.4 million gain recognized in connection with the acquisition. The gain from a bargain purchase has been presented in a separate line item in the accompanying consolidated statements of earnings. | |||||||||||||
The costs related to the transaction were $0.1 million and were expensed during the year ended December 31, 2013. | |||||||||||||
The following table summarizes the fair values of the identifiable assets acquired at the date of acquisition: | |||||||||||||
16-Dec-13 | |||||||||||||
Furniture and office equipment | $ | 131 | |||||||||||
Medical equipment | 495 | ||||||||||||
Leasehold improvements | 2,226 | ||||||||||||
Net assets acquired | 2,852 | ||||||||||||
Less : gain from bargain purchase | (2,392 | ) | |||||||||||
Total pu rchase price | $ | 460 | |||||||||||
In January 2014, the Company acquired an ownership interest in two imaging centers and one urgent care clinic in Houston. The aggregate cost of the acquisition is comprised of $0.3 million in cash, net of acquired cash, and 431,711 shares of Nobilis stock representing a combined value of $0.9 million. | |||||||||||||
The following table summarizes the fair values of the identifiable assets acquired and liabilities assumed at the date of acquisition: | |||||||||||||
16-Jan-14 | |||||||||||||
Assets: | |||||||||||||
Property and equipment | $ | 2,271 | |||||||||||
Prepaid expenses and other assets | 129 | ||||||||||||
Goodwill | 701 | ||||||||||||
Assets acquired | $ | 3,101 | |||||||||||
Liabilities: | |||||||||||||
Accounts payable | $ | 697 | |||||||||||
Debt | 1,544 | ||||||||||||
Liabilities assumed | $ | 2,241 | |||||||||||
Consideration: | |||||||||||||
Cash, net of cash acquired | $ | 346 | |||||||||||
Stock issued for acquisition | 514 | ||||||||||||
Total Consideration | $ | 860 | |||||||||||
First Nobilis, LLC | |||||||||||||
In September 2014, the Company formed First Nobilis, LLC, a Texas limited liability Company (“First Nobilis”). First Nobilis is owned 51% by the Company and 49% by a third party. First Nobilis formed two subsidiary Texas limited liability companies to be the new operating entities. | |||||||||||||
Upon formation of First Nobilis, effective September 1, 2014, Nobilis contributed $7.5 million in cash to the new entity. For a 49% ownership interest, a third party contributed medical supplies, intangible assets, and certain accounts payables and accounts receivables. This transaction was treated as a business combination. The fair value of the intangible assets and liabilities acquired were determined by independent third party valuation experts. The carrying amounts of all other net assets acquired approximate their fair values due to their short term nature. | |||||||||||||
The following table summarizes the fair values of the identifiable assets acquired and liabilities assumed at the date of acquisition: | |||||||||||||
1-Sep-14 | |||||||||||||
Assets: | |||||||||||||
Accounts receivable | $ | 6,509 | |||||||||||
Medical supplies | 598 | ||||||||||||
Trade name | 1,200 | ||||||||||||
Physician relationships | 4,000 | ||||||||||||
Goodwill | 1,249 | ||||||||||||
Assets acquired | $ | 13,556 | |||||||||||
Liabilities: | |||||||||||||
Accounts payable | $ | 6,060 | |||||||||||
Unfavorable lease | 290 | ||||||||||||
Liabilities assumed | $ | 6,350 | |||||||||||
Athas | |||||||||||||
On December 1, 2014, the Company completed its acquisition of Athas for total consideration of approximately $31.2 million (all $ denominations in US dollars). Athas is based in Dallas, Texas, and focuses on the delivery of specialized healthcare services in seven states through the use of contracted marketing services and factoring of receivables. The purchase price for Nobilis to acquire all of the ownership interests in Athas was broken down as follows: $3.0 million in cash upon closing, the issuance of a promissory note by Nobilis to the sellers for $12.0 million, the issuance at closing of 6,666,666 shares of Nobilis common stock that are subject to a lock up of up to two years, and the issuance of an additional 4,666,666 shares of Nobilis common stock issued over two years with half issued on the first anniversary of the closing and the second half issued on the second anniversary of the closing. Under the two year lock up period, the stock issued as part of the purchase price is subject to restrictions on transfer and may not be sold or pledged until the lock out period is released. | |||||||||||||
The fair value of the intangible assets acquired were determined by independent third party valuation experts. The carrying amounts of all other net assets acquired approximate their fair values due to their short term nature. The value of the stock issued for consideration was determined by third party valuation experts using the published stock price on the date of closing, less a discount for lack of marketability as a result of the two year lock up period on the shares issued. | |||||||||||||
Subsequent to the acquisition date of December 1, 2014, Athas had $3.4 million in revenues and $1.3 million of net income which is included in the Company’s December 31, 2014 consolidated statements of earnings. | |||||||||||||
The costs related to the transaction were $0.1 million and were expensed during the year ended December 31, 2014. These costs are included in corporate general and administrative expenses in the December 31, 2014 consolidated statements of earnings. | |||||||||||||
The following table summarizes the fair values of the identifiable assets acquired and liabilities assumed at the date of acquisition: | |||||||||||||
1-Dec-14 | |||||||||||||
Assets: | |||||||||||||
Cash | $ | (53 | ) | ||||||||||
Trade accounts receivable | 6,427 | ||||||||||||
Other receivable | 450 | ||||||||||||
Prepaid expenses | 226 | ||||||||||||
Investments in associates | 730 | ||||||||||||
PP&E | 752 | ||||||||||||
Trademark | 4,770 | ||||||||||||
Internally developed software | 1,980 | ||||||||||||
Non-compete agreements | 1,820 | ||||||||||||
Trade secret methodology | 5,120 | ||||||||||||
Goodwill | 19,292 | ||||||||||||
Assets acquired | $ | 41,514 | |||||||||||
Liabilities | |||||||||||||
Trade accounts payable | $ | 1,531 | |||||||||||
Accrued liabilities | 3,470 | ||||||||||||
Line of credit | 4,120 | ||||||||||||
Subordinated notes payable | 635 | ||||||||||||
Debt | 157 | ||||||||||||
Other current liabilities | 102 | ||||||||||||
Other long-term liabilities | 260 | ||||||||||||
Liabilities assumed | $ | 10,275 | |||||||||||
Consideration: | |||||||||||||
Cash, net of cash acquired | $ | 3,000 | |||||||||||
Debt issued for consideration | 12,000 | ||||||||||||
Stock issued for consideration | 16,239 | ||||||||||||
Total consideration | $ | 31,239 | |||||||||||
The following summarized pro forma information for the years ended December 31, 2014 and 2013 presents the combined results of the Company as if the business combinations occurred as of January 1, 2013. | |||||||||||||
Nobilis Health | First Surgical | Athas | Consolidated | ||||||||||
31-Dec-14 | |||||||||||||
Revenue | $ | 84,029 | $ | 17,577 | $ | 26,059 | $ | 127,665 | |||||
Net income before noncontrolling interests | 20,247 | (3,364 | ) | (1,481 | ) | 15,402 | |||||||
Net income attributable to noncontrolling interests | 13,062 | (1,275 | ) | - | 11,787 | ||||||||
Net income (loss) attributable to Nobilis Health Corp. | $ | 7,185 | $ | (2,089 | ) | $ | (1,481 | ) | $ | 3,615 | |||
31-Dec-13 | |||||||||||||
Revenue | $ | 31,128 | $ | 32,327 | $ | 22,731 | $ | 86,186 | |||||
Net income before noncontrolling interests | 6,674 | (677 | ) | (139 | ) | 5,858 | |||||||
Net income attributable to noncontrolling interests | 5,476 | 2,265 | - | 7,741 | |||||||||
Net income (loss) attributable to Nobilis Health Corp. | $ | 1,198 | $ | (2,942 | ) | $ | (139 | ) | $ | (1,883 | ) | ||
The pro forma financial information has been prepared for comparative purposes only and does not purport to be indicative of the actual operating results that would have been recorded had the business combinations actually taken place at the beginning of the fiscal year 2013, and should not be taken as indicative of future consolidated operating results. Additionally, the pro forma financial results do not include any anticipated synergies or other expected benefits from the business combinations. | |||||||||||||
Business_Segment_Information
Business Segment Information | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Business Segment Information [Text Block] | 4. Business Segment Information | ||||||||||||
A summary of the business segment information for 2014 and 2013 is as follows: | |||||||||||||
Year Ended December 31, 2014 | |||||||||||||
Medical | Marketing & | ||||||||||||
Services | Factoring | Corporate | Total | ||||||||||
Revenues | $ | 80,614 | $ | 3,415 | $ | - | $ | 84,029 | |||||
Cost of goods sold | - | 201 | - | 201 | |||||||||
Gross Profit | 80,614 | 3,214 | - | 83,828 | |||||||||
Operating expenses | 54,438 | 1,909 | 6,648 | 62,995 | |||||||||
Income (loss) from operations | $ | 26,176 | $ | 1,305 | $ | (6,648 | ) | $ | 20,833 | ||||
Other data: | |||||||||||||
Depreciation and amortization expense | $ | 1,414 | $ | 114 | $ | 115 | $ | 1,643 | |||||
Interest expense | $ | - | $ | 23 | $ | 265 | $ | 288 | |||||
Income tax expense | $ | 480 | $ | - | $ | - | $ | 480 | |||||
Intabgibles assets | $ | 5,945 | $ | 13,598 | $ | - | $ | 19,543 | |||||
Goodwill | $ | 3,178 | $ | 19,292 | $ | - | $ | 22,470 | |||||
Capital expenditures | $ | 2,023 | $ | - | $ | - | $ | 2,023 | |||||
Non-cash acquisition of property | $ | 2,271 | $ | - | $ | - | $ | 2,271 | |||||
Non-cash acquisition of intangibles and goodwill | $ | 7,206 | $ | - | $ | - | $ | 7,206 | |||||
Investment in associates | $ | 150 | $ | - | $ | - | $ | 150 | |||||
Total assets | $ | 59,751 | $ | 43,715 | $ | 4,116 | $ | 107,582 | |||||
Total liabilities | $ | 16,995 | $ | 11,192 | $ | 14,094 | $ | 42,281 | |||||
The Company’s Marketing & Factoring segment started in 2014 following the acquisition of Athas. Prior to the acquisition, the Company operated under one operating segment and therefore, has not presented a prior period comparison of segment information. |
Investments_in_Associates
Investments in Associates | 12 Months Ended |
Dec. 31, 2014 | |
Investments in Associates [Text Block] | 5. Investments in Associates |
In March 2014, the Company acquired an ownership interest in Group of Pioneers Diagnostics (“GOP”), LLC, representing 40% of the outstanding share interests in GOP. The investment in GOP is accounted for using the equity method of accounting. GOP owns two Management Service Organizations (“MSOs”) which provides a suite of management services to their clients which may include, but is not be limited to, general business management, fiscal management and physician practice management. GOP originated in June of 2014 and is currently undergoing efforts to achieve operational status. The carrying value of this investment at December 31, 2014 was $0.2 million, and is reflected in investments in associates on the consolidated balance sheets. | |
In December 2014, as part of the Athas acquisition, the Company acquired Athas’ investment ownership in two ASC’s and one hospital: 87.5% in Elite Orthopedic and Spine Surgery Center LLC; 15.7% in Elite Sinus Spine and Ortho LLC; and 10.7% in Elite Hospital Management LLC. For these investments, the Company concluded that it did not exert significant influence over the operating and financial activities. These investments are accounted for as cost method investments and recorded at cost. The carrying value of these investments at December 31, 2014 was $.7 million, and is recorded in investments in associates in the consolidated balance sheets. |
Financial_Instruments_and_Conc
Financial Instruments and Concentration | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Financial Instruments and Concentration [Text Block] | 6. Financial Instruments and Concentration | |||||||
In common with all other businesses, the Company is exposed to risks that arise from its use of financial instruments. This note describes the Company’s objectives, policies, and processes for managing those risks and the methods used to measure them. Further quantitative information in respect of these risks is presented throughout these consolidated financial statements. | ||||||||
Principal financial instruments | ||||||||
The principal financial instruments used by the Company, from which financial instrument risk arises, are as follows: | ||||||||
Accounts receivable and other receivables | ||||||||
Investments in associates | ||||||||
Accounts payable, accrued liabilities and other current liabilities | ||||||||
Other liabilities and notes payable | ||||||||
Capital leases | ||||||||
Lines of credit | ||||||||
Debt | ||||||||
The carrying amounts of the Company’s accounts receivable and other receivables, accounts payable, accrued liabilities, other current liabilities, other liabilities, capital leases, lines of credit, and debt approximate their fair values at December 31, 2014 and 2013, respectively, due to the short-term nature, maturities or nature of interest rates. Investments in associates are carried at amortized cost or their proportionate equity basis and written down to fair value if impairment is warranted. | ||||||||
Financial instruments - risk management | ||||||||
The Company is exposed through its operations to the following financial risks: | ||||||||
Credit risk | ||||||||
Fair value or cash flow interest rate risk | ||||||||
Foreign exchange risk | ||||||||
Other market price risk | ||||||||
Liquidity risk | ||||||||
Credit risk | ||||||||
Credit risk is the risk of financial loss to the Company if a patient, non-partner surgeon or insurance company fails to meet its contractual obligations. The Company, in the normal course of business, is exposed mainly to credit risk on its accounts receivable from insurance companies, other third-party payors, and doctors. Accounts receivables are net of applicable bad debt reserves, which are established based on specific credit risk associated with insurance companies and payors and other relevant information. | ||||||||
Liquidity risk | ||||||||
Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due and arises from the Company’s management of working capital. The Company’s objective to managing liquidity risk is to ensure that it will have sufficient cash to allow it to meet its liabilities when they become due. To achieve this objective, it seeks to maintain cash balances (or agreed facilities) to meet expected requirements. The liquidity risk of the Company and its subsidiaries is managed centrally by the Company’s finance function. The Company believes that there are currently no concerns of its ability to meet its liabilities as they become due for the foreseeable future. | ||||||||
A summary of certain information about our payor concentration is as follows: | ||||||||
MEDICAL SERVICES SEGMENT | ||||||||
PATIENT AND NET PROFESSIONAL FEEREVENUEBY PAYORS OF THENOBILIS FACILITIES | ||||||||
FOR THEYEARS ENDED DECEMBER 31, 2014 AND 2013 | ||||||||
2014 Patient and Net | 2013 Patient and Net | |||||||
Payors | Professional Fee | Professional Fee | ||||||
Revenue by Payor Mix | Revenue by Payor Mix | |||||||
Private insurance and other private pay | 97.00% | 92.40% | ||||||
Workers compensation | 2.30% | 4.50% | ||||||
Medicare | 0.70% | 3.10% | ||||||
Total | 100.00% | 100.00% | ||||||
MARKETING & FACTORING SEGMENT | ||||||||
PATIENT AND NET PROFESSIONAL FEEREVENUEBY PAYORS OF THENOBILIS FACILITIES | ||||||||
FOR THEYEARS ENDED DECEMBER 31, 2014 AND 2013 | ||||||||
2014 Patient and Net | 2013 Patient and Net | |||||||
Payors | Professional Fee | Professional Fee | ||||||
Revenue by Payor Mix | Revenue by Payor Mix | |||||||
Private insurance and other private pay | 100.00% | 0.00% | ||||||
Workers compensation | 0.00% | 0.00% | ||||||
Medicare | 0.00% | 0.00% | ||||||
Total | 100.00% | 0.00% | ||||||
The patient and net professional fee revenues by payors of the Nobilis facilities for the marketing and factoring segment were 0.0% for all payors in 2013, as this segment was acquired in December 2014. | ||||||||
Three facilities represent approximately 70.3% of the Company’s contracted marketing revenue and five facilities represent approximately 69.1% of the Company’s contracted marketing accounts receivable. | ||||||||
CONSOLIDATED SEGMENTS | ||||||||
PATIENT AND NET PROFESSIONAL FEEREVENUEBY PAYORS OF THENOBILIS FACILITIES | ||||||||
FOR THEYEARS ENDED DECEMBER 31, 2014 AND 2013 | ||||||||
2014 Patient and Net | 2013 Patient and Net | |||||||
Payors | Professional Fee | Professional Fee | ||||||
Revenue by Payor Mix | Revenue by Payor Mix | |||||||
Private insurance and other private pay | 97.10% | 92.40% | ||||||
Workers compensation | 2.20% | 4.50% | ||||||
Medicare | 0.70% | 3.10% | ||||||
Total | 100.00% | 100.00% | ||||||
Market risk | ||||||||
Market risk is the risk that the fair value of future cash flows of financial instruments will fluctuate due to changes in interest rates and/or foreign currency exchange rates. | ||||||||
Interest rate risk | ||||||||
The Company entered into a revolving line of credit that, from time to time, may increase interest rates based on market index. | ||||||||
Foreign exchange risk | ||||||||
Foreign exchange risk arises because the Company has certain expenses that are incurred in Canadian dollars. | ||||||||
The Company is also exposed to currency risk on purchases made from vendors based in Canada. The Company had Canadian denominated cash (“Cdn”) of $0.1 million and a nominal amount of trade payables at December 31, 2014. The Company had Cdn of $3.1 million and a nominal amount of trade payables at December 31, 2013. |
Trade_Accounts_Receivable
Trade Accounts Receivable | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Trade Accounts Receivable [Text Block] | 7. Trade Accounts Receivable | ||||||
A detail of accounts receivable as of December 31, 2014 and 2013are as follows: | |||||||
2014 | 2013 | ||||||
Trade accounts receivable | $ | 40,985 | $ | 10,431 | |||
Allowance for doubtful accounts | (1,391 | ) | (1,384 | ) | |||
Receivables transferred | (873 | ) | (766 | ) | |||
Receivables purchased | 3,454 | - | |||||
Trade accounts receivable, net | $ | 42,175 | $ | 8,281 | |||
Trade receivables are non-interest bearing and are generally received within 30 - 90 days. Bad debt expense was nil for the years ended December 31, 2014 and 2013. The Company analyzed receivables and determined that there were no collectability issues on accounts receivable balances in the current period. | |||||||
As of December 31, 2014 and 2013, there remained a balance of $0.9 million and $0.8 million, respectively, in accounts receivable of transferred receivables pursuant to the terms of the original agreement. The Company, from time to time, shall transfer to the third party certain of its accounts receivable payments on a non-recourse basis. For the years ended December 31, 2014 and 2013, advance payment of $1.3 million and $0.4 million was received by the Company. During the same period, $7.3 million and $2.5 million of receivables was transferred. Concurrently, upon collection of these transferred receivables, payment will be made to the transferee. | |||||||
Athas purchases receivables from physicians, at a discount, on a nonrecourse basis. The discount and purchase price vary by speciality. These purchased receivables are billed and collected by Athas who retains 100% of what is collected after paying the discounted purchase price. Following the transfer of the receivable, the transferor has no continued involvement and there are no restrictions on the receivables, and as such, these transfers of receivables are accounted for as sales transactions. Gross revenue from purchased receivables was $1.6 million for the year ended December 31, 2014. Revenue, net of the discounted purchase price, was $0.9 million for the year ended December 31, 2014. Accounts receivable for purchased receivables was $3.5 million as of December 31, 2014. |
Property_and_Equipment
Property and Equipment | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Property and Equipment [Text Block] | 8. Property and Equipment | ||||||
Property and equipment consisted of the following as of December 31, 2014 and 2013: | |||||||
2014 | 2013 | ||||||
Telephone equipment | $ | 51 | $ | 29 | |||
Computer hardware | 510 | 431 | |||||
Computer software | 569 | 444 | |||||
Furniture and office equipment | 921 | 457 | |||||
Medical equipment | 9,943 | 6,218 | |||||
Leasehold improvements | 6,293 | 5,178 | |||||
18,287 | 12,757 | ||||||
Less: accumulated depreciation | (9,200 | ) | (7,924 | ) | |||
Property and equipment, net | $ | 9,087 | $ | 4,833 | |||
Depreciation expense for the years ended December 31, 2014 and 2013 was $1.5 million and $0.7 million, respectively. |
Intangible_Assets
Intangible Assets | 12 Months Ended | |||||||||||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||||||||||
Intangible Assets [Text Block] | 9. Intangible Assets | |||||||||||||||||||||||||||
Intangible assets at December 31, 2014 and December 31, 2013 consist of the following: | ||||||||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||||||
Term | Historical | Accumulated | Accumulated | Net Book | Historical | Accumulated | Accumulated | Net Book | ||||||||||||||||||||
(in years) | Cost | Amortization | Impairment | Value | Cost | Amortization | Impairment | Value | ||||||||||||||||||||
Definite Life | ||||||||||||||||||||||||||||
Non-compete agreements | 15-Oct | $ | 2,661 | $ | 856 | $ | - | $ | 1,805 | $ | 841 | $ | 841 | $ | - | $ | - | |||||||||||
Internally developed software | 5 | 1,980 | 33 | - | 1,947 | - | - | - | - | |||||||||||||||||||
Trade secret methodology | 10 | 5,120 | 44 | - | 5,076 | - | - | - | - | |||||||||||||||||||
Physician relationships | 15 - 20 | 4,000 | 62 | - | 3,938 | - | - | - | - | |||||||||||||||||||
Indefinite Life | ||||||||||||||||||||||||||||
Tradenames | 1,200 | - | - | 1,200 | - | - | - | - | ||||||||||||||||||||
Unfavorable lease | (290 | ) | - | - | (290 | ) | - | - | - | - | ||||||||||||||||||
Trademark | 4,770 | - | - | 4,770 | - | - | - | - | ||||||||||||||||||||
Medicare license | 8,498 | - | 7,401 | 1,097 | 8,498 | - | 7,401 | 1,097 | ||||||||||||||||||||
Total | $ | 27,939 | $ | 995 | $ | 7,401 | $ | 19,543 | $ | 9,339 | $ | 841 | $ | 7,401 | $ | 1,097 | ||||||||||||
Amortization expense was $0.2 million and nil for the year ended December 31, 2014 and 2013, respectively. Estimated amortization expense of intangible assets is $1.2 million for the next five years and $6.7 million thereafter. |
Goodwill
Goodwill | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Goodwill [Text Block] | 10. Goodwill | ||||||
The following table provides information on changes in the carrying amount of goodwill, which is included in the accompany consolidated balance sheets as of December 31 2014 and 2013: | |||||||
2014 | 2013 | ||||||
Cost | $ | 36,770 | $ | 15,528 | |||
Accumulated impairment losses | (14,300 | ) | (14,300 | ) | |||
Total | $ | 22,470 | $ | 1,228 | |||
Cost | 2014 | 2013 | |||||
BALANCE - beginning of period | $ | 15,528 | $ | 15,528 | |||
January 2014 business combination | 701 | - | |||||
September 2014 business combination | 1,249 | - | |||||
December 2014 business combination | 19,292 | - | |||||
Total cost | $ | 36,770 | $ | 15,528 | |||
Accumulated impairment | |||||||
BALANCE - beginning of period | $ | (14,300 | ) | $ | (14,300 | ) | |
Impairment charges during the period | - | - | |||||
Total accumulated impairment | $ | (14,300 | ) | $ | (14,300 | ) | |
The Company did not record any impairment charges for the year ended December 31, 2014 or 2013. |
Lines_of_Credit
Lines of Credit | 12 Months Ended |
Dec. 31, 2014 | |
Lines of Credit [Text Block] | 11. Lines of Credit |
Revolving Credit Facility for Northstar Houston Surgery Center, LLC. (“NHSC-H”) | |
On November 13, 2014, NHSC-H entered into a credit agreement with Compass Bank for a $1.0 million revolving credit facility. The one-year facility requires monthly interest payments and carries an interest rate equal to the higher of (a) the Federal Funds Rate plus 0.5%, (b) LIBOR plus 1.0%, or (c) the Prime rate. Principal is due in full upon maturity at December 31, 2014, the $1.0 million facility was fully utilized. As of December 31, 2014, the Company was in full compliance with all debt covenants. | |
Revolving Credit Facility for Athas | |
Athas maintains a $5.0 million revolving line of credit with a financial institution. The line of credit renews annually and bears variable interest at the Prime rate plus 0.75% per annum, or a floor of 4.0% . The line of credit is collateralized by the assets of the Company and is renewable annually, subject to the approval of the financial institution. As of December 31, 2014, the balance due on the revolving line of credit was $4.4 million. As of December 31, 2014, the Company was in technical default under a continuity of operations clause which was triggered when Athas was acquired by Nobilis. Despite technical default, the debt has not been called by the bank. This line of credit is classified as current on the December 31, 2014 consolidated balance sheets. |
Debt
Debt | 12 Months Ended | |||
Dec. 31, 2014 | ||||
Debt [Text Block] | 12. Debt | |||
Purchase of Palladium for Surgery Dallas, LLC (“PFSD”) | ||||
In conjunction with the Company’s purchase of PFSD, the Company entered into a promissory note with the Company’s Chairman for a principal amount of $2.1 million on January 1, 2011. | ||||
The note was initially amended in March 2012, in conjunction with a private placement of common shares that occurred in January 2012. | ||||
The note was subsequently amended in March 2013. The amended note had a principal balance of $1.7 million at December 31, 2013 bearing an interest rate at 5.25% per annum until January 2014, when the interest rate increased to 6.25% per annum. The principal amount and any accrued and unpaid interest was due on or before December 31, 2014. Interest payments were payable on a monthly basis. | ||||
The note was then amended again in December 2014. The amended note has a principal balance of $0.4 million bearing an interest rate at 6.25% per annum. The principal amount and any accrued and unpaid interest is due on or before January 31, 2016. Outstanding interest payments have been paid as of the date of these financials. | ||||
The note is included in the consolidated balance sheets as a long-term liability. The note has a principal balance of $0.4 million as of December 31, 2014. | ||||
Term Loan for Athas | ||||
Athas secured a term loan in 2011 for $0.5 million which was assumed in the acquisition (Note 2). The Company and one of the shareholders are guarantors of the loan. The loan bears interest at 4.0% per annum. The term loan requires monthly payments of principal and interest until the loan matures in May 2016. As of December 31, 2014, the balance due on the term loan was $0.1 million. The term loan is collateralized by the assets of the Company and the guarantors. | ||||
Subordinated Notes Payable | ||||
Athas carries subordinated notes payable which were given as consideration for working capital provided by certain individuals. The subordinated notes interest is payable semi-annually with a principal due at maturity on December 31, 2015. The notes carry a 12.0% annual interest rate and payment is subordinated to all senior secured debt instruments. The outstanding balance of the subordinated notes was $0.6 million at December 31, 2014. Some of the note holders are also employees and shareholders of the Company. | ||||
Promissory Note for Spring Northwest Management, LLC (“SNWM”) | ||||
In November 2013, SNWM, a consolidated entity, entered into a promissory note with Allegiance Bank Texas. The agreement provides for a $0.9 million loan which matures in November 2018. The note bears interest at a rate of 5.5% per annum and requires monthly payments of principal and interest through November 2018. The promissory note was utilized to finance the purchase of certain medical equipment, all of which serves as collateral against the note. Nobilis is not liable under the above mentioned promissory note. The note has a principal balance of $0.7 million as of December 31, 2014. | ||||
Promissory Note for Willowbrook Imaging, LLC (“WIM”) | ||||
In January 2014, WIM, a consolidated entity, entered into a promissory note with Branch Bank and Trust Company. The agreement provides for a $0.8 million loan which matures in February 2021. The note bears interest at a fixed rate of 3.65% per annum and requires monthly payments of principal and interest through February 2021. The promissory note was utilized to finance the purchase of certain medical equipment. Nobilis is not liable under the above mentioned promissory note. The note has a principal balance of $0.7 million as of December 31, 2014. | ||||
Purchase of Athas | ||||
In conjunction with the Company’s purchase of Athas, the Company entered into a promissory note with sellers for a principal amount of $12.0 million on December 1, 2014. The sellers represent the 20 previous shareholders of Athas. Payments are to be made to the sellers as follows: (a) $1.0 million payment of principal on December 31, 2014, (b) $1.0 million payment of principal on April 1, 2015, (c) consecutive monthly payments of principal and interest of $0.3 million commencing May 1, 2015 and continuing until April 1, 2018. The note accrues interest at 11% per annum. The seller agreed to defer the principal payment of $1.0 million which was due on December 31, 2014 until the Company secures financing with a commercial lender that can provide a lower cost of interest. | ||||
Future maturities of debt as of December 31, 2014 are as follows: | ||||
Year ending December 31, | ||||
2015 | $ | 4,072 | ||
2016 | 4,409 | |||
2017 | 4,400 | |||
2018 | 1,499 | |||
2019 | 274 | |||
Total | $ | 14,654 |
Operating_Leases
Operating Leases | 12 Months Ended | |||
Dec. 31, 2014 | ||||
Operating Leases [Text Block] | 13. Operating Leases | |||
The Company occupies five ASCs, one hospital, one urgent care clinic, one imaging center and two corporate business spaces under operating lease agreements. The Company also leases certain medical equipment. The minimum rental commitments under non-cancellable operating leases, with terms in excess of one year subsequent to December 31, 2014, are as follows: | ||||
Year ending December 31, | ||||
2015 | $ | 6,737 | ||
2016 | 7,114 | |||
2017 | 5,917 | |||
2018 | 5,748 | |||
2019 | 5,202 | |||
Thereafter | 19,103 | |||
Total future commitment | 49,821 | |||
Less: minimum sublease income to be received | (631 | ) | ||
Total future commitment, net of sublease income | $ | 49,190 | ||
Rent expense was $3.5 million and $1.4 million for the years ended December 31, 2014 and 2013, respectively. |
Capital_Leases
Capital Leases | 12 Months Ended | |||
Dec. 31, 2014 | ||||
Capital Leases [Text Block] | 14. Capital Leases | |||
The Company holds various capital leases for medical equipment which contain bargain purchase options at the end of the lease terms. The remaining minimum capital lease obligations, with terms in excess of one year subsequent to December 31, 2014, are as follows: | ||||
Year ending December 31, | ||||
2015 | $ | 290 | ||
2016 | 290 | |||
2017 | 254 | |||
2018 | 51 | |||
2019 | 28 | |||
Total minimum rentals | 913 | |||
Less: total amounts representing interest | (83 | ) | ||
Capital lease obligations | $ | 830 |
Shareholders_Equity
Shareholders' Equity | 12 Months Ended |
Dec. 31, 2014 | |
Shareholders' Equity [Text Block] | 15. Shareholders’ Equity |
In total, the Company has issued 59,418,227 of its common shares. There is no par value assigned to our common shares. | |
In December 2013, the Company issued, through a private placement agreement, 5,862,500 Units, at a price of Cdn$0.80 per Unit. Each Unit consists of one common share in the capital of the Company and one-half of one common share purchase warrant exercisable for one additional share at a price of Cdn$1.10. Through the private placement, the Company raised $4.1 million, as of December 31, 2013, net of offering costs of $0.3 million. | |
Of the $4.1 million raised capital, $2.7 million was provided in exchange for stock warrants and other financial instruments, resulting in a remaining $1.4 million which was recorded as an increase to share capital for the year ended December 31, 2013. | |
In August 2014, the Company elected to accelerate the expiry date of the common share purchase warrants originally issued by Nobilis as part of its unit private placement completed on December 16, 2013. Each Warrant entitled the holder thereof to purchase one additional common share of Nobilis at a price of Cdn$1.10. Nobilis received total gross proceeds of Cdn$3,224,375 from the exercise. | |
In September 2014, the Company issued, through a private placement agreement, 5,568,400 Units, at a price of Cdn$1.30 per Unit. Each Unit consists of one common share in the capital of the Company and one-half of one common share purchase warrant exercisable for one additional share at a price of Cdn$1.80. Through private placement, the Company raised $6.1 million, as of September 30, 2014, net of offering costs of $0.4 million. | |
Of the $6.1 million raised capital, $2.2 million was provided in exchange for stock warrants and other financial instruments, resulting in a remaining $3.9 million which was recorded as an increase to additional paid in capital in the consolidated statement of changes in shareholders’ equity. | |
In December 2014, as part of the consideration given for the acquisition of Athas, the Company issued 6,666,666 shares of Nobilis common stock that are subject to a lock up of up to two years, and the issuance of an additional 4,666,666 shares of Nobilis common stock issued over two years with half issued on the first anniversary of the closing and the second half issued on the second anniversary of the closing. |
Share_Based_Compensation
Share Based Compensation | 12 Months Ended | |||||||||
Dec. 31, 2014 | ||||||||||
Share Based Compensation [Text Block] | 16. Share Based Compensation | |||||||||
Restricted Share Unit Plan | ||||||||||
During 2008, the BOD approved the adoption of a Restricted Share Unit Plan (“RSU”) Plan for employees. Restricted Share Units (“RSUs”) may be granted to employees of Nobilis at the sole discretion of the Board of Directors (“BOD”). | ||||||||||
Subject to the BOD’s ability to accelerate the vesting of the RSUs if it determines circumstances so warrant, each RSU will generally vest in full on the third anniversary of the date of grant; provided that if there is a change of control of the Company prior to the vesting date of the RSUs and a participant is terminated (or resigns for good reason) within six months following such change of control, a pro rata portion of their unvested RSUs will vest up to the date of the change of control. | ||||||||||
Upon vesting of his or her RSUs, a participant will be entitled to receive on the vesting date, at the discretion of the BOD either: (a) a lump sum cash payment equal to the number of RSUs multiplied by an average closing price of the common shares on the Toronto Stock Exchange on the redemption date, net of any applicable deductions and withholdings; or (b) that number of common shares equal to the number of RSUs credited to the participant’s RSU account, such common shares to be issued from treasury of the Company. The participant is to receive the benefit on, or as soon as practicable after, the vesting date, but in no event later than 90 days after the vesting date. Unlike share options, RSUs do not require the payment of any monetary consideration to the Company. | ||||||||||
Whenever cash dividends are paid on the Company’s common shares, dividend equivalents in the form of additional RSUs will be credited to each Participant and will become part of his or her award under the RSU Plan. The RSUs representing dividend equivalents will vest and be paid at the same time and in the same manner as the RSUs to which the dividend equivalents pertain. | ||||||||||
In the event of a Participant’s termination of employment, voluntary or by cause, with the Company prior to any vesting date, the Participant’s rights to any unvested RSUs will be immediately and irrevocably forfeited. | ||||||||||
If the Participant’s employment with the Company terminates on account of death or disability or is terminated by the Company without cause prior to any vesting date, the Participant will become vested in a prorated portion of his or her unvested RSUs, based on the number of months that have elapsed in the then current vesting period as of the date of termination. | ||||||||||
Share Option Plan | ||||||||||
In April 2012, the BOD approved the adoption of a Share Option Plan for insiders, employees, and service providers. In May 2012, the Company’s shareholders approved the Share Option Plan, and in July 2012, the Toronto Stock Exchange approved the Share Option Plan. Share Options may be granted at the sole discretion of the BOD. The exercise price of an Option is determined by the BOD at the time of grant and shall not be less than the current market price. The term of each Option is determined by the BOD and shall not exceed 10 years. | ||||||||||
If an Optionee shall cease to be a Participant for cause, no Option held by such Optionee shall be exercisable following the date on which such Optionee ceases to be a Participant. If an Optionee ceases to be a Participant for any reason other than for cause, any Option held by such Optionee at such time shall remain exercisable in full at any time, and in part from time to time, for a period of 90 days after the date on which the Optionee ceases to be a Participant. | ||||||||||
If the Participant’s employment with the Company terminates on account of death, any option held by such Participant at the date of death shall be exercisable in whole or in part only by the person or persons to whom the rights of the Participant’s Options by will or laws of descent. | ||||||||||
The maximum number of RSUs and share options that may be issued under the combined plans is equal to 20.0% of the Company’s issued and outstanding common shares. | ||||||||||
The maximum number of RSUs and share options that may be issued under the combined plans is equal to 20.0% of the Company’s issued and outstanding common shares. The Company granted a total of 3,068,218 stock options during the year ended December 31, 2014. Of the granted options, 1.9 million of those vest ratably over a one to three year period while the remaining 1.2 million options vest within one month of issuance. | ||||||||||
The following table summarizes stock option activity for the nine months ended December 31, 2014. | ||||||||||
Shares | Weighted- | Weighted-Average | ||||||||
Underlying | Average Exercise | Remaining Life | ||||||||
Options | Price | (years) | ||||||||
Outstanding at January 1, 2013 | 150,000 | $ | 0.21 | 0.1 | ||||||
Granted | 1,275,000 | $ | 0.35 | 9.6 | ||||||
Exercised | (575,000 | ) | $ | 0.31 | - | |||||
Forfeited | (150,000 | ) | $ | 0.21 | - | |||||
Outstanding at December 31, 2013 | 700,000 | $ | 0.39 | 9.6 | ||||||
Exercisable at December 31, 2013 | 700,000 | $ | 0.39 | 9.6 | ||||||
Outstanding at January 1, 2014 | 700,000 | $ | 0.39 | 9.8 | ||||||
Granted | 3,068,218 | $ | 1.47 | 9.9 | ||||||
Exercised | (600,000 | ) | $ | 0.3 | - | |||||
Forfeited | (50,000 | ) | $ | 1.31 | - | |||||
Outstanding at December 31, 2014 | 3,118,218 | $ | 1.45 | 9.8 | ||||||
Exercisable at December 31, 2014 | 220,000 | $ | 1.16 | 9.6 | ||||||
The total intrinsic value of stock options exercised was $0.6 million and nominal for the year ended December 31, 2014 and 2013, respectively. The total intrinsic value for all in-the-money vested outstanding stock options was $0.4 million and $0.5 million during the year ended December 31, 2014 and 2013, respectively. | ||||||||||
The Company recorded compensation expense relative to stock options of $1.1 million and $0.3 million for the year ended December 31, 2014 and 2013, respectively. | ||||||||||
The fair values of stock options used in recording compensation expense are computed using the Black-Scholes option pricing model. The table below shows the assumptions used in the model for options awarded during the year ended December 31, 2014. | ||||||||||
Year ended | Year ended | |||||||||
31-Dec-14 | 31-Dec-13 | |||||||||
Expected price volatility | 119% - 123% | 124% - 125% | ||||||||
Risk free interest rate | . 01% - . 05% | . 02% - . 04% | ||||||||
Expected annual dividend yield | 0% | 0% | ||||||||
Expected option term (years) | 10 | 0.1 and 10 | ||||||||
Expected forfeiture rate | 0% | 0% | ||||||||
Grant date fair value per share | $ | 0.97 - $1.64 | $ | 0.29 - $0.89 | ||||||
For stock options, the Company recognizes share-based compensation net of estimated forfeitures and revises the estimates in the subsequent periods if actual forfeitures differ from the estimates. Forfeiture rates are estimated based on historical experience as well as expected future behavior. As of December 31, 2014, the Company utilized a forfeiture rate of 0.0% based on a minimal number of stock option issuances, only two historical forfeitures and little to no anticipated turnover rate in those positions awarded with stock based compensation. |
Noncontrolling_Interests
Noncontrolling Interests | 12 Months Ended |
Dec. 31, 2014 | |
Noncontrolling Interests [Text Block] | 17. Noncontrolling Interests |
The following changes to noncontrolling interests in subsidiaries of the Company occurred during the year ended December 31, 2014 and 2013: | |
Medical Ambulatory Surgical Suites, LLC (“Kirby Partnership”) | |
In November 2013, the Company sold 15.1% of its ownership interest in the Kirby Partnership to existing physician limited partners, effectively decreasing the Company’s ownership interest to 25%. | |
Houston Microsurgery Institute, LLC (“MSIH”) | |
In March 2013, the Company redeemed the remaining equity interests held by physician limited partners at MSIH, effectively increasing the Company’s ownership interests to 97.7% . In October 2013, MSIH ceased operating as an ASC. | |
Microsurgery Institute, LLC (“MSID”) | |
In August 2013, the Company purchased ownership interest from all of the physician limited partners at MSID, increasing the Company’s ownership interest to 100%. | |
NHC ASC – Dallas, LLC (“NHC – ASC Dallas”) | |
In July 2013, the Company formed a limited liability company, NHC ASC – Dallas, which was owned 100% by Northstar Healthcare Acquisitions, LLC (“NHA”). In October 2013, the Company syndicated a private placement for certain physicians to become members in NHC ASC – Dallas. The Company assigned 100% of its equity interest in MSID to NHC ASC – Dallas, of which the Company owns 35% as a result of syndication. | |
SNWM | |
In January 2014, the Company acquired 31.78% ownership interest in SNWM, derived through both a direct and indirect investment. The Company also holds a 31.78% interest in both of SNWM’s fully owned subsidiaries, Spring Creek Urgent Care, LLC (“SCUC”) and Spring Creek Imaging, LLC (“SCI”). | |
Spring Northwest Operating, LLC (“SNWO”) | |
In January 2014, the Company acquired a 32.14% ownership in SNWO, derived through both a direct and indirect investment. | |
WIM | |
In January 2014, the Company acquired a 22.22% ownership interest in WIM, derived through both a direct and indirect investment. | |
KIRPA Holdings, LLC (“KIRPA”) | |
In January 2014, the Company acquired a 40% ownership interest in KIRPA. KIRPA holds a controlling interest in SNWM, SCUC, SCI, and SNWO. | |
GRIP Medical Diagnostics, LLC (“GRIP”) | |
In January 2014, the Company acquired a 40% ownership interest in GRIP. GRIP holds a controlling interest in WIM. | |
Northstar Healthcare Dallas Management, LLC (“NHDM”) | |
In April 2014, the Company formed a limited liability company, NHDM, which is owned 50% by NHA and 50% by physician limited partners. NHDM was formed to provide management services to NHC-ASC Dallas. | |
First Nobilis | |
As discussed in Note 2, in September 2014, the Company and a third party formed First Nobilis. First Nobilis is owned 51% by NHA and 49% by a third party. First Nobilis formed two subsidiary companies, First Nobilis Hospital, LLC and First Nobilis Surgical Center, LLC, as new operating entities. | |
Noncontrolling interests at December 31, 2014 represent an 8.1% interest in The Palladium for Surgery – Houston, Ltd, 75% interest in the Kirby Partnership, 5% interest in MSID, 2.3% interest in MSIH, 60% interest in Houston Procedure Suite, LLC, 50% in NHDM, 50% in KIRPA, 60% in GRIP, 60% in NHC ASC – Dallas, 67.9% in SNWO, 68.2% in SNWM, 68.2% in SCUC, 68.2% in SCI; 77.8% in WIM, 49%, and First Nobilis Pursuant to U.S. GAAP, notwithstanding having an ownership interest less than 50%, the Company is deemed to have the power to control each of the above mentioned entities in which it holds less than the majority voting interests based on a combination of factors which include but are not limited to (1) the Company’s hold of majority voting rights as defined through executed partnership agreements, (2) the Company’s ability and right to govern day-to-day operations as defined through executed management and cost sharing agreements, (3) the Company’s rights as lessee on all leased facility space. Based on the power to control the activities of these entities and the responsibility to absorb significant losses, the Company was deemed the primary beneficiary under U.S. GAAP and as such consolidates these entities. |
Employee_Retirement_Plan
Employee Retirement Plan | 12 Months Ended |
Dec. 31, 2014 | |
Employee Retirement Plan [Text Block] | 18. Employee Retirement Plan |
Substantially all of our employees, upon qualification, are eligible to participate in our defined contribution 401(k) plan (the “Plan”). Under the Plan, employees may contribute a portion of their eligible compensation, and the Company matches such contributions annually up to a maximum percentage for participants actively employed, as defined by the Plan documents. Plan expenses were approximately $0.1 million for both the year ended December 31, 2014 and 2013. Such amounts are reflected in operating salaries and benefits in the accompanying consolidated statements of earnings. |
Earnings_Per_Share
Earnings Per Share | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Earnings Per Share [Text Block] | 19. Earnings Per Share | ||||||
A detail of the Company’s EPS is as follows (in thousands except for share and per share amounts) : | |||||||
2014 | 2013 | ||||||
Net income for the period | $ | 7,186 | $ | 1,198 | |||
Issued common shares at beginning of period | 42,729,547 | 36,082,114 | |||||
Effect of investment in subsidiary | 412,787 | - | |||||
Effect of stock based compensation | 403,552 | 470,911 | |||||
Effect of stock warrants | 959,419 | - | |||||
Effect of private placement | 1,464,565 | 240,925 | |||||
Effect of Athas acquisition | 547,945 | - | |||||
W eighted average common shares at end of period | 46,517,815 | 36,793,950 | |||||
Basic EPS | $ | 0.15 | $ | 0.03 | |||
A detail of the Company’s dilutive EPS is as follows (in thousands except for share and per share amounts): | |||||||
2014 | 2013 | ||||||
Net income for the period | $ | 7,186 | $ | 1,198 | |||
W eighted average common shares (basic) | 46,517,815 | 36,793,950 | |||||
Effect of stock based compensation | 1,829,540 | 731,792 | |||||
Effect of stock warrants | 50,431 | 111,920 | |||||
Effect of Athas acquisition | 383,562 | - | |||||
W eighted average common shares (diuluted) at end of period | 48,781,348 | 37,637,662 | |||||
Dilutive EPS | $ | 0.15 | $ | 0.03 |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Income Taxes [Text Block] | 20. Income Taxes | ||||||
The following table shows the reconciliation between income tax expense reported in our consolidated statement of earnings and comprehensive income and the income tax expense that would have resulted from applying the United States federal income tax rate of 35% to pre-tax income. Though the Company was incorporated in British Columbia, all of the Company’s subsidiaries are incorporated in the United States. Therefore, the Company reconciles the income before income taxes for U.S. tax purposes. | |||||||
2014 | 2013 | ||||||
Net income before income tax | $ | 20,728 | $ | 6,851 | |||
US federal income tax rate | 35% | 35% | |||||
Expected U.S. Federal income tax (recovery) | 7,254 | 2,398 | |||||
Permanent differences / discrete items | 312 | 92 | |||||
State income tax (net of federal benefit) | 314 | 115 | |||||
Valuation Allowance | (2,438 | ) | (620 | ) | |||
Non-controlling interests | (4,572 | ) | (1,917 | ) | |||
Others | (390 | ) | 109 | ||||
Total tax expense | $ | 480 | $ | 177 | |||
The table below sets forth the tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities that are reported in our consolidated balance sheets: | |||||||
2014 | 2013 | ||||||
Deferred tax assets: | |||||||
Goodwill | $ | 17,993 | $ | 20,844 | |||
Intangibles | 1,214 | 1,459 | |||||
U.S. non-capital losses | 14,063 | 12,398 | |||||
Interest carry-forward | 1,391 | 1,391 | |||||
Non-capital losses | 9,539 | 10,735 | |||||
Allowance for bad debts | 408 | 406 | |||||
Reduction of carrying amount of deferred tax assets | (44,608 | ) | (47,233 | ) | |||
Net deferred tax assets | $ | - | $ | - | |||
Deferred tax assets are recognized to the extent that the realization of the related tax benefit through future taxable profits is probable. The Company did not recognize deferred tax assets of $44.6 million. | |||||||
The Company has Canadian non-capital losses of approximately $38.2 million which will begin to expire in 2028 and U.S. net operating losses of approximately $40.2 million which will begin to expire in 2030. On September 30, 2010 the Company issued 18,778,446 common shares to entities controlled by the Company’s Chairman resulting in a change of ownership greater than 50%. As a result, the U.S. net operating losses are limited by the Internal Revenue Code. In addition, the Company has approximately $4.0 million in interest carry-forwards that have no expiration date. |
Related_Parties
Related Parties | 12 Months Ended |
Dec. 31, 2014 | |
Related Parties [Text Block] | 21. Related Parties |
In conjunction with the Company’s purchase of PFSD, the Company entered into a promissory note with the Company’s Chairman, on January 1, 2011. The note had a principal balance of $0.4 million at December 31, 2014. The principal amount and any accrued and unpaid interest is due on or before January 31, 2016. | |
On June 25, 2013, the Company entered into a promissory note receivable with an executive employee of the Company for a principal amount of $0.2 million. The note bears interest at a rate of 5.5% per annum. The term provides that interest will be calculated at a daily rate and all accrued and unpaid interest shall be paid annually on the first day of July of each successive year. The unpaid principal balance together with all accrued but unpaid interest is due in full on or before June 30, 2017. | |
In 2013, the Company entered into a Management Services Agreement (“MSA”) with Northstar Pain Management P.A. (“NSPM”). NSPM is owned by the Company’s Chairman. Operation of NSPM is designed to support the Company’s marketing campaigns. As part of the MSA, the Company provides comprehensive management services to NSPM. At December 31, 2014, the Company is owed $0.6 million from NSPM. | |
Facility lease costs associated with operating leases of approximately $0.4 million were incurred with affiliated entities during the year ended December 31, 2014. | |
The minority interest holder of First Nobilis, a fully consolidated entity, is also a partial owner of First Street Hospital, L.P. (“First Street Hospital”) and First Street Surgical Center, L.P. (“First Street Surgical”), both of which have an ongoing business relationship with the Company. At December 31, 2014, the Company has a due from these related parties of $2.0 million which is partially offset by a due to related parties of $1.4 million for a net amount owed to the Company of $0.6 million. In addition, the Company leases certain medical equipment from First Street Hospital and First Street Surgical. Equipment lease costs of approximately $0.6 million were incurred during the year ended December 31, 2014. | |
At December 31, 2014, three of the investors and partial owners of SNWO, WIM and SNWM owe the Company $0.2 million for their investment into the respective entities. | |
Certain of the sellers of Athas are current employees of Athas, including its CEO, Chris Lloyd. The sellers of Athas entered into a promissory note with the Company for $12.0 million, as mentioned in a previous footnote. | |
Certain members of the Company are also members of North American Laserscopic Spine Institute (“NALSI”). In June 2014, NALSI entered into a line of credit agreement with Athas, whereby NALSI may draw up to $0.9 million. The line of credit is subject to a 10.00% interest rate and matures on June 9, 2018. The outstanding balance as of December 31, 2014 is $0.5 million. | |
Nobilis maintains certain consulting and marketing agreements with various physicians who are also equity owners in Nobilis entities. These agreements are paid directly out of those entities in which the physicians hold an ownership percentage. | |
The related party transactions mentioned above are measured at exchange amounts agreed upon by both parties. |
Supplemental_Cash_Flow_Informa
Supplemental Cash Flow Information | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Supplemental Cash Flow Information [Text Block] | 22. Supplemental Cash Flow Information | ||||||
The changes in operating assets and liabilities for the years ended December 31, 2014 and 2013 are comprised of the following: | |||||||
2014 | 2013 | ||||||
Trade accounts receivable | $ | (20,958 | ) | $ | (4,191 | ) | |
Medical supplies | (27 | ) | (252 | ) | |||
Prepaids and other current assets | (2,799 | ) | (253 | ) | |||
Other long-term assets | 466 | (176 | ) | ||||
Trade accounts payable and accrued liabilities | 2,840 | 2,712 | |||||
Other current liabilities | 1,340 | 43 | |||||
Other long-term liabilities | (8 | ) | (2 | ) | |||
Total | $ | (19,146 | ) | $ | (2,119 | ) |
Litigation
Litigation | 12 Months Ended |
Dec. 31, 2014 | |
Litigation [Text Block] | 23. Litigation |
The Company is involved in disputes or legal actions arising in the ordinary course of business. Management does not believe the outcome of such disputes or legal actions will have a material adverse effect on the Company’s financial position, results of operations or cash flows. | |
For the year ended December 31, 2014 and 2013, the Company recorded costs of $1.1 million and $1.0 million, respectively, in connection with various legal proceedings. |
Subsequent_Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2014 | |
Subsequent Events [Text Block] | 24. Subsequent Events |
On March 31, 2015, the Company secured a $25.0 million credit facility from General Electric Capital Corporation consisting of a $20.0 million term loan and a $5 million revolving loan. The term loan bears interest at a rate of 4% plus LIBOR per annum and amortizes over 20 years with required quarterly payments of principal and interest until the loan matures in March 2020. The revolving loan also bears interest at a rate of 4% plus LIBOR per annum and amounts borrowed under the revolver may be repaid and reborrowed periodically with a maturity of March 2020. The credit facility is collateralized by the accounts receivable and physical equipment of all 100% owned subsidiaries as well as the Company’s ownership interest in all less than wholly owned subsidiaries. The new credit facility serves to refinance all previously held debt and lines of credit and provide $5.0 million for working capital. Closing costs associated with the credit facility approximated $0.6 million. | |
We have evaluated subsequent events through March 31, 2015, the date the consolidated financial statements were issued. |
Approval_of_Financial_Statemen
Approval of Financial Statements | 12 Months Ended |
Dec. 31, 2014 | |
Approval of Financial Statements [Text Block] | 25. Approval of Financial Statements |
The consolidated financial statements were approved by the board of directors for issuance on March 31, 2015. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | |
Dec. 31, 2014 | ||
Basis of Presentation [Policy Text Block] | Basis of Presentation | |
The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). | ||
Principles of Consolidation [Policy Text Block] | Principles of Consolidation | |
Our consolidated financial statements include the accounts of Nobilis and its subsidiaries. Subsidiaries are all entities over which the Company has the power to govern the financial and operating policies through ownership of more than one half of the voting rights or by determining that the subsidiary is a variable interest entity (“VIE”) that requires consolidation. A reporting entity with a controlling financial interest in a VIE will have both of the following characteristics: (i) the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb the losses of the VIE that could potentially be significant to the VIE or the right to receive benefit from the VIE that could potentially be significant to the VIE. See note 17 for details. All significant intercompany accounts are eliminated in consolidation. | ||
Use of Accounting Estimates [Policy Text Block] | Use of Accounting Estimates | |
The preparation of financial statements in conformity with U.S. GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. Retroactively calculated third-party contractual adjustments are accrued on an estimated basis in the period in which the related services are rendered. Net patient service revenue is adjusted as required in subsequent periods based on final settlements and collections. | ||
Cash [Policy Text Block] | Cash | |
We maintain our cash in bank deposit accounts that at times, may exceed federally insured limits. We have not experienced any losses in such accounts, and we believe we are not exposed to any significant credit risks on cash. At December 31, 2014 and 2013, our cash exceeded what is federally insured. | ||
Patient and Net Professional Fees [Policy Text Block] | Patient and Net Professional Fees | |
Patient and net professional fees is reported at the estimated net realizable amounts from patients, third-party payors, and others for services rendered. | ||
The amounts actually collected by the Company from third-party payors, including private insurers, are variable, even for identical procedures performed. An additional factor in the determination of patient and net professional fees is the Company’s payor mix, as between private health insurance plans, workers’ compensation, directly from patients, and from government payor plans. Management reviews and evaluates historical payment data, payor mix and current economic conditions on a periodic basis and adjusts the estimated collections as a percentage of gross billings (which are used to determine patient and net professional fees) as required in subsequent periods based on final settlements and collections. | ||
Revenue is recognized upon the performance of the patient service and when ultimate collection is measurable and reasonably assured. | ||
Contracted Marketing Revenues [Policy Text Block] | Contracted Marketing Revenues | |
Contracted marketing revenue is comprised of payments from hospitals, ASC’s and other ancillary service providers through marketing services agreements. The services include licensing, marketing, patient intake, patient outcome assessments and educational services. Revenue is recognized on a gross basis upon the performance of the marketing service and when ultimate collection is measurable and reasonably assured. Costs associated with the performance of these services is recorded in cost of revenue in the consolidated statement of earnings. | ||
Factoring Revenues [Policy Text Block] | Factoring Revenues | |
Factoring revenue is comprised of revenue generated from certain accounts receivables which are purchased from third parties through the regular course of business. Purchase price is determined either by a flat fee per case, as dictated per the agreement, or as a percentage of final collections. At the time of purchase, the Company assumes all financial risk and incurs all costs related to collections without any recourse to the third party seller. Revenue is recognized based upon the date of the original service associated with the receivable. | ||
Accounts Receivable [Policy Text Block] | Accounts Receivable | |
Accounts receivable consists of net patient service revenues and factoring revenues recorded at net realizable value and contracted marketing revenues recorded at the fees due from the facilities for marketing services performed. | ||
On a periodic basis, we evaluate receivables based on the age of the receivable, history of past collections and current credit and economic conditions and adjust the carrying value accordingly. An account is written off when it is determined that all collection efforts have been exhausted. The Company does not accrue finance or interest charges on accounts receivable. An allowance for uncollectible patient receivables balances, including receivables from non-partner surgeons, is maintained at a level which the Company believes is adequate to absorb possible losses. | ||
Medical Supplies [Policy Text Block] | Medical Supplies | |
Medical supplies consist of various surgical supplies and medications and are valued at the lower of cost or market on the first-in, first-out method. The market value of inventories is determined based on the estimated selling price in the ordinary course of business less the estimated costs of sale, and a reasonable profit margin based on the effort required sell the inventories. The Company had no write-downs for medical supplies for the years ended December 31, 2014 or 2013. | ||
Property and Equipment [Policy Text Block] | Property and Equipment | |
Property and equipment is stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. Property under capital leases and the related obligation for future lease payments are initially recorded at an amount equal to the lesser of fair value of the property and equipment or the present value of the future lease payments. Leasehold improvements are amortized over the lesser of the estimated useful life of the asset or the term of the lease. Maintenance and repairs are charged to operations when incurred. | ||
We evaluate our long-lived assets for possible impairment annually or whenever events or changes in circumstances indicate that the carrying amount of the asset, or related group of assets, may not be recoverable from estimated future undiscounted cash flows. If the estimated future undiscounted cash flows are less than the carrying value of the assets, we calculate the amount of impairment if the carrying value of the long-lived assets exceeds the fair value of the assets. The fair value of the assets is estimated based on appraisals, established market values of comparable assets or internal estimates of future net cash flows expected to result from the use and ultimate disposition of the asset. The estimates of these future cash flows are based on assumptions and projections we believe to be reasonable and supportable. They require our subjective judgments and take into account assumptions about revenue and expense growth rates. These assumptions may vary by type of facility and presume stable, improving or, in some cases, declining results at our hospitals, depending on their circumstances. | ||
We report long-lived assets to be disposed of at the lower of their carrying amounts or fair values less costs to sell. In such circumstances, our estimates of fair value are based on appraisals, established market prices for comparable assets or internal estimates of future net cash flows. Gains and losses on disposals of property and equipment are determined by comparing the proceeds from disposal with the net carrying amount of property and equipment, and are recognized within other expense (income) in the consolidated statement of earnings. | ||
The estimated useful lives for depreciation purposes are as follows: | ||
Property and Equipment | Estimated Useful Lives | |
Telephone equipment | 7 Years | |
Computer hardware | 5 Years | |
Computer software | 3 - 5 Years | |
Furniture and office equipment | 7 Years | |
Medical equipment | 5 Years | |
Leasehold improvements | Estimated usefule life or lease term | |
Investments in Associates [Policy Text Block] | I nvestments in Associates | |
Investments in associates which are not consolidated, but over which the Company exercises significant influence, are accounted for under the equity method of accounting. Whether or not the Company exercises significant influence with respect to an associate depends on an evaluation of several factors including, among others, representation on the associate’s board of directors, involvement in operations, and ownership level. Under the equity method of accounting, the associate’s accounts are not reflected within the Company’s consolidated balances sheets and statements of earnings; however, the Company’s share of the earnings or losses of the associate is reflected in other expense (income) in the consolidated statements of earnings. The Company’s carrying value in an equity method investment is reflected in investments in associates in the consolidated balance sheets. | ||
When the Company’s carrying value in an equity method investment is reduced to zero, no further losses are recorded in the Company’s consolidated financial statements unless the Company guaranteed obligations of the associate or has committed additional funding. When the associate subsequently reports income, the Company will not record its share of such income until it equals the amount of its share of losses not previously recognized. | ||
Investments in associates which are not accounted for under the equity method of accounting are accounted for under the cost method of accounting and are initially recognized at cost. Distributions received from an associate are recorded as other expense (income) in the consolidated statements of earnings. Under this method, the Company’s share of the earnings or losses of the associates is not included in the consolidated balance sheets or consolidated statements of earnings. However, the investments are reviewed for impairment at least annually and any impairment loss that is other than temporary is recognized in the consolidated statements of earnings. If circumstances suggest that the value of the associate has subsequently recovered, such recovery is not recorded. At December 31, 2014, the investments are not considered impaired. | ||
Goodwill and Intangibles [Policy Text Block] | Goodwill and Intangibles | |
Goodwill represents the excess of the cost of an acquisition over the fair value of the Company’s share of the net identifiable assets of an acquired subsidiary on the date of acquisition. Goodwill is reviewed for impairment on an annual basis or more frequently if events or circumstances indicate potential impairment. The Company’s goodwill evaluation is based on both qualitative and quantitative assessments regarding the fair value of goodwill relative to its carrying value. The Company assesses qualitative factors to determine if its sole reporting unit’s fair value is more likely than not to exceed its carrying value, including goodwill. In the event the Company determines that it is more likely than not that its reporting unit’s fair value is less than its carrying amount, quantitative testing is performed comparing recorded values to estimated fair values. Estimates of fair value are based on appraisals, established market prices for comparable assets or internal estimates of future net cash flows. If the fair value exceeds the carrying value, goodwill is not impaired. If the carrying value exceeds the fair value, an impairment charge is recognized through a charge to operations based upon the excess of the carrying value of goodwill over the implied fair value. | ||
Indefinite life intangible assets consisting of trade names, trademarks, Medicare licenses, and an unfavorable lease, are not amortizable; however, are evaluated for impairment on an annual basis. Definite live intangible assets consisting of non-compete agreements, internally developed software, trade secret methodology and physician relationships, are carried at cost less accumulated amortization, which is calculated on a straight-line basis over a period of five to 20 years depending on the asset’s useful life. | ||
Advertising and Marketing Costs [Policy Text Block] | Advertising and Marketing Costs | |
Advertising costs are expensed as they are incurred. Advertising expense for the years ended December 31, 2014 and 2013 was $9.9 million and $3.2 million, respectively. The Company utilizes many media outlets for marketing to patients which include internet, TV, radio, print, seminar and billboard advertising. | ||
Income Taxes [Policy Text Block] | Income Taxes | |
The tax expense for the period comprises current and deferred tax. Tax expense is recognized in the consolidated statement of earnings, except to the extent that it relates to items recognized directly in equity. For items recognized directly in equity, the tax expense is also recognized in equity. | ||
The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the Company’s subsidiaries and associates operate and generate taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulations is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities. | ||
Deferred income tax is recognized, using the liability method, on temporary differences arising between the tax basis of assets and liabilities and their carrying amounts in the consolidated financial statements. Deferred income tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the balance sheet date and are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled. | ||
Deferred income tax assets are recognized only to the extent that it is probable that future taxable profit will be available against which the temporary difference can be utilized. | ||
Deferred income tax is provided on temporary differences arising on investments in subsidiaries and associates, except where the timing of the reversal of the temporary difference is controlled by the Company and it is probable that the temporary difference will not reverse in the foreseeable future. | ||
Under U.S. GAAP, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty (50) percent likelihood of being realized upon ultimate settlement. The Company annually evaluates tax positions to determine the need for any additional disclosures in accordance with U.S. GAAP, including de-recognition, classification, interest and penalties on income taxes and accounting in interim periods. | ||
Leases [Policy Text Block] | Leases | |
Certain leases are classified as capital leases whenever the terms of the lease transfer substantially all of the risks and rewards of ownership to the lessee. Leases in which a significant portion of the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases (net of any incentives received from the lessor) are charged to the consolidated statement of earnings on a straight-line basis over the period of the lease as rent expense. | ||
Foreign Currency [Policy Text Block] | Foreign Currency | |
Items included in the consolidated financial statements for each of the Company’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). Currently, all of the Company’s activities are measured using the U.S. Dollar (“USD”). The consolidated statements are presented in USD, the Company’s reporting currency. | ||
From time to time monetary assets and liabilities may be denominated in foreign currency, and, if so, will be translated at the exchange rate in effect as the statement of financial position date, with resulting gains or losses included within the consolidated statement of comprehensive income. Revenues and expenses denominated in foreign currencies are translated into USD at the average foreign currency exchange rate for the period. | ||
Share Based Compensation [Policy Text Block] | Share Based Compensation | |
The Company recognizes all stock-based payments to employees, including grants of employee stock options, in the consolidated financial statements based on their grant-date fair values in accordance with U.S GAAP. The Company values its stock options awarded using the Black-Scholes option pricing model. Restricted stock awards are valued at the grant date closing market price. Stock based compensation costs are recognized over the vesting period, which is the period during which the employee is required to provide service in exchange for the award. Stock-based compensation paid to non-employees are valued at the fair value at the applicable measurement date and charged to expense as services are rendered. | ||
Net Income Per Common Share [Policy Text Block] | Net Income Per Common Share | |
We calculate net income per common share by dividing net income available for common shareholders by the weighted average number of common shares outstanding during the period. Fully diluted income per share is computed using the weighted average number of common and potential common shares outstanding during the period. Potential common shares include those that may be issued upon redemption of units granted under the Company’s RSU and Share Option Plans. | ||
Comprehensive Income [Policy Text Block] | Comprehensive Income | |
Comprehensive income consists of net income and other gains and losses affecting stockholder's equity that are excluded from net income, such as unrealized gains and losses on available-for-sale investments, foreign currency translation gains and losses and minimum pension liability. The Company’s other comprehensive income represents foreign currency translation adjustments. | ||
Noncontrolling Interests [Policy Text Block] | Noncontrolling Interests | |
Noncontrolling interests are classified in the consolidated statements of earnings as part of consolidated net income and the accumulated amount of noncontrolling interest in the consolidated balance sheets as part of shareholders’ equity. Changes in the ownership interest in a consolidated subsidiary that does not result in a loss of control are accounted for as an equity transaction. If a change in ownership of a consolidated subsidiary results in a loss of control and deconsolidation, any retained ownership interests are remeasured with the gain or loss reported in net earnings. | ||
Segment Reporting [Policy Text Block] | Segment Reporting | |
The Company reports segment information based on how the chief operating decision maker, along with other members of management, organize and utilize financial and operational data in determining how to allocate resources and assess performance. | ||
Effective December 1, 2014, the Company’s business lines are classified into two reportable business segments which include a medical services segment and a marketing and factoring segment. The medical services segment provides the operation of hospitals, outpatient facilities and other various related health care services. The marketing and factoring segment provides direct to consumer marketing efforts which educate patients on their healthcare options. Factoring activities are included in the marketing segment, as such activities only pertain to patients which are acquired through the marketing efforts of Athas. | ||
We evaluate performance based on income from operations of the respective business units prior to the allocation of corporate office expenses. Transactions between segments are eliminated in consolidation. Our corporate office provides general and administrative as well as support services to our two revenue-generating segments. Management allocates costs between segments for selling, general and administrative expenses and depreciation expense. | ||
Recent Accounting Pronouncements [Policy Text Block] | Recent Accounting Pronouncements | |
In May 2014, the Financial Accounting Standards Board (“FASB”) issued new guidance that introduces a new five-step revenue recognition model in which an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance also requires disclosures sufficient to enable users to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative disclosures about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract. This standard is effective for fiscal years beginning after December 15, 2016, including interim periods within that reporting period. The Company is currently evaluating the new guidance to determine the impact it will have on its consolidated financial statements. | ||
In June 2014, the FASB issued amended guidance on the accounting for certain share-based employee compensation awards. The amended guidance applies to share-based employee compensation awards that include a performance target that affects vesting when the performance target can be achieved after the requisite service period. These targets are to be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant-date fair value of the award and compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved. The amendments are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. The Company does not expect adoption will have a material impact on its consolidated financial statements. | ||
In February 2015, the FASB issued amended guidance on the consolidation of legal entities including limited partnerships and limited liability corporations. The guidance modifies the consolidation models to be analyzed in determining whether a reporting entity should consolidate certain types of legal entities. The guidance must be applied using on of two retrospective application methods and will be effective for fiscal years beginning after December 15, 2015, and for interim periods within those fiscal years. Early adoption is permitted, including adoption in any interim period. The Company does not expect adoption will have a material impact on its consolidated financial statements. |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | |
Dec. 31, 2014 | ||
Schedule of Property, Plant and Equipment, Estimated Useful Lives [Table Text Block] | Property and Equipment | Estimated Useful Lives |
Telephone equipment | 7 Years | |
Computer hardware | 5 Years | |
Computer software | 3 - 5 Years | |
Furniture and office equipment | 7 Years | |
Medical equipment | 5 Years | |
Leasehold improvements | Estimated usefule life or lease term |
Acquisitions_and_Business_Comb1
Acquisitions and Business Combinations (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Business Acquisition, Pro Forma Information [Table Text Block] | Nobilis Health | First Surgical | Athas | Consolidated | |||||||||
31-Dec-14 | |||||||||||||
Revenue | $ | 84,029 | $ | 17,577 | $ | 26,059 | $ | 127,665 | |||||
Net income before noncontrolling interests | 20,247 | (3,364 | ) | (1,481 | ) | 15,402 | |||||||
Net income attributable to noncontrolling interests | 13,062 | (1,275 | ) | - | 11,787 | ||||||||
Net income (loss) attributable to Nobilis Health Corp. | $ | 7,185 | $ | (2,089 | ) | $ | (1,481 | ) | $ | 3,615 | |||
31-Dec-13 | |||||||||||||
Revenue | $ | 31,128 | $ | 32,327 | $ | 22,731 | $ | 86,186 | |||||
Net income before noncontrolling interests | 6,674 | (677 | ) | (139 | ) | 5,858 | |||||||
Net income attributable to noncontrolling interests | 5,476 | 2,265 | - | 7,741 | |||||||||
Net income (loss) attributable to Nobilis Health Corp. | $ | 1,198 | $ | (2,942 | ) | $ | (139 | ) | $ | (1,883 | ) | ||
Former outpatient surgery center near Phoenix, Arizona [Member] | |||||||||||||
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | 16-Dec-13 | ||||||||||||
Furniture and office equipment | $ | 131 | |||||||||||
Medical equipment | 495 | ||||||||||||
Leasehold improvements | 2,226 | ||||||||||||
Net assets acquired | 2,852 | ||||||||||||
Less : gain from bargain purchase | (2,392 | ) | |||||||||||
Total pu rchase price | $ | 460 | |||||||||||
Two imaging centers and one urgent care clinic in Houston [Member] | |||||||||||||
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | 16-Jan-14 | ||||||||||||
Assets: | |||||||||||||
Property and equipment | $ | 2,271 | |||||||||||
Prepaid expenses and other assets | 129 | ||||||||||||
Goodwill | 701 | ||||||||||||
Assets acquired | $ | 3,101 | |||||||||||
Liabilities: | |||||||||||||
Accounts payable | $ | 697 | |||||||||||
Debt | 1,544 | ||||||||||||
Liabilities assumed | $ | 2,241 | |||||||||||
Consideration: | |||||||||||||
Cash, net of cash acquired | $ | 346 | |||||||||||
Stock issued for acquisition | 514 | ||||||||||||
Total Consideration | $ | 860 | |||||||||||
Formation of First Nobilis [Member] | |||||||||||||
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | 1-Sep-14 | ||||||||||||
Assets: | |||||||||||||
Accounts receivable | $ | 6,509 | |||||||||||
Medical supplies | 598 | ||||||||||||
Trade name | 1,200 | ||||||||||||
Physician relationships | 4,000 | ||||||||||||
Goodwill | 1,249 | ||||||||||||
Assets acquired | $ | 13,556 | |||||||||||
Liabilities: | |||||||||||||
Accounts payable | $ | 6,060 | |||||||||||
Unfavorable lease | 290 | ||||||||||||
Liabilities assumed | $ | 6,350 | |||||||||||
Athas [Member] | |||||||||||||
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | 1-Dec-14 | ||||||||||||
Assets: | |||||||||||||
Cash | $ | (53 | ) | ||||||||||
Trade accounts receivable | 6,427 | ||||||||||||
Other receivable | 450 | ||||||||||||
Prepaid expenses | 226 | ||||||||||||
Investments in associates | 730 | ||||||||||||
PP&E | 752 | ||||||||||||
Trademark | 4,770 | ||||||||||||
Internally developed software | 1,980 | ||||||||||||
Non-compete agreements | 1,820 | ||||||||||||
Trade secret methodology | 5,120 | ||||||||||||
Goodwill | 19,292 | ||||||||||||
Assets acquired | $ | 41,514 | |||||||||||
Liabilities | |||||||||||||
Trade accounts payable | $ | 1,531 | |||||||||||
Accrued liabilities | 3,470 | ||||||||||||
Line of credit | 4,120 | ||||||||||||
Subordinated notes payable | 635 | ||||||||||||
Debt | 157 | ||||||||||||
Other current liabilities | 102 | ||||||||||||
Other long-term liabilities | 260 | ||||||||||||
Liabilities assumed | $ | 10,275 | |||||||||||
Consideration: | |||||||||||||
Cash, net of cash acquired | $ | 3,000 | |||||||||||
Debt issued for consideration | 12,000 | ||||||||||||
Stock issued for consideration | 16,239 | ||||||||||||
Total consideration | $ | 31,239 |
Business_Segment_Information_T
Business Segment Information (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2014 | |||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Year Ended December 31, 2014 | ||||||||||||
Medical | Marketing & | ||||||||||||
Services | Factoring | Corporate | Total | ||||||||||
Revenues | $ | 80,614 | $ | 3,415 | $ | - | $ | 84,029 | |||||
Cost of goods sold | - | 201 | - | 201 | |||||||||
Gross Profit | 80,614 | 3,214 | - | 83,828 | |||||||||
Operating expenses | 54,438 | 1,909 | 6,648 | 62,995 | |||||||||
Income (loss) from operations | $ | 26,176 | $ | 1,305 | $ | (6,648 | ) | $ | 20,833 | ||||
Other data: | |||||||||||||
Depreciation and amortization expense | $ | 1,414 | $ | 114 | $ | 115 | $ | 1,643 | |||||
Interest expense | $ | - | $ | 23 | $ | 265 | $ | 288 | |||||
Income tax expense | $ | 480 | $ | - | $ | - | $ | 480 | |||||
Intabgibles assets | $ | 5,945 | $ | 13,598 | $ | - | $ | 19,543 | |||||
Goodwill | $ | 3,178 | $ | 19,292 | $ | - | $ | 22,470 | |||||
Capital expenditures | $ | 2,023 | $ | - | $ | - | $ | 2,023 | |||||
Non-cash acquisition of property | $ | 2,271 | $ | - | $ | - | $ | 2,271 | |||||
Non-cash acquisition of intangibles and goodwill | $ | 7,206 | $ | - | $ | - | $ | 7,206 | |||||
Investment in associates | $ | 150 | $ | - | $ | - | $ | 150 | |||||
Total assets | $ | 59,751 | $ | 43,715 | $ | 4,116 | $ | 107,582 | |||||
Total liabilities | $ | 16,995 | $ | 11,192 | $ | 14,094 | $ | 42,281 |
Financial_Instruments_and_Conc1
Financial Instruments and Concentration (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block] | 2014 Patient and Net | 2013 Patient and Net | ||||||
Payors | Professional Fee | Professional Fee | ||||||
Revenue by Payor Mix | Revenue by Payor Mix | |||||||
Private insurance and other private pay | 97.10% | 92.40% | ||||||
Workers compensation | 2.20% | 4.50% | ||||||
Medicare | 0.70% | 3.10% | ||||||
Total | 100.00% | 100.00% | ||||||
Medical services [Member] | ||||||||
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block] | 2014 Patient and Net | 2013 Patient and Net | ||||||
Payors | Professional Fee | Professional Fee | ||||||
Revenue by Payor Mix | Revenue by Payor Mix | |||||||
Private insurance and other private pay | 97.00% | 92.40% | ||||||
Workers compensation | 2.30% | 4.50% | ||||||
Medicare | 0.70% | 3.10% | ||||||
Total | 100.00% | 100.00% | ||||||
Marketing & Factoring [Member] | ||||||||
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block] | 2014 Patient and Net | 2013 Patient and Net | ||||||
Payors | Professional Fee | Professional Fee | ||||||
Revenue by Payor Mix | Revenue by Payor Mix | |||||||
Private insurance and other private pay | 100.00% | 0.00% | ||||||
Workers compensation | 0.00% | 0.00% | ||||||
Medicare | 0.00% | 0.00% | ||||||
Total | 100.00% | 0.00% |
Trade_Accounts_Receivable_Tabl
Trade Accounts Receivable (Tables) | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | 2014 | 2013 | |||||
Trade accounts receivable | $ | 40,985 | $ | 10,431 | |||
Allowance for doubtful accounts | (1,391 | ) | (1,384 | ) | |||
Receivables transferred | (873 | ) | (766 | ) | |||
Receivables purchased | 3,454 | - | |||||
Trade accounts receivable, net | $ | 42,175 | $ | 8,281 |
Property_and_Equipment_Tables
Property and Equipment (Tables) | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Schedule of Property, Plant and Equipment [Table Text Block] | 2014 | 2013 | |||||
Telephone equipment | $ | 51 | $ | 29 | |||
Computer hardware | 510 | 431 | |||||
Computer software | 569 | 444 | |||||
Furniture and office equipment | 921 | 457 | |||||
Medical equipment | 9,943 | 6,218 | |||||
Leasehold improvements | 6,293 | 5,178 | |||||
18,287 | 12,757 | ||||||
Less: accumulated depreciation | (9,200 | ) | (7,924 | ) | |||
Property and equipment, net | $ | 9,087 | $ | 4,833 |
Intangible_Assets_Tables
Intangible Assets (Tables) | 12 Months Ended | |||||||||||||||||||||||||||
Dec. 31, 2014 | ||||||||||||||||||||||||||||
Schedule of Finite-Lived Intangible Assets [Table Text Block] | 2014 | 2013 | ||||||||||||||||||||||||||
Term | Historical | Accumulated | Accumulated | Net Book | Historical | Accumulated | Accumulated | Net Book | ||||||||||||||||||||
(in years) | Cost | Amortization | Impairment | Value | Cost | Amortization | Impairment | Value | ||||||||||||||||||||
Definite Life | ||||||||||||||||||||||||||||
Non-compete agreements | 15-Oct | $ | 2,661 | $ | 856 | $ | - | $ | 1,805 | $ | 841 | $ | 841 | $ | - | $ | - | |||||||||||
Internally developed software | 5 | 1,980 | 33 | - | 1,947 | - | - | - | - | |||||||||||||||||||
Trade secret methodology | 10 | 5,120 | 44 | - | 5,076 | - | - | - | - | |||||||||||||||||||
Physician relationships | 15 - 20 | 4,000 | 62 | - | 3,938 | - | - | - | - | |||||||||||||||||||
Indefinite Life | ||||||||||||||||||||||||||||
Tradenames | 1,200 | - | - | 1,200 | - | - | - | - | ||||||||||||||||||||
Unfavorable lease | (290 | ) | - | - | (290 | ) | - | - | - | - | ||||||||||||||||||
Trademark | 4,770 | - | - | 4,770 | - | - | - | - | ||||||||||||||||||||
Medicare license | 8,498 | - | 7,401 | 1,097 | 8,498 | - | 7,401 | 1,097 | ||||||||||||||||||||
Total | $ | 27,939 | $ | 995 | $ | 7,401 | $ | 19,543 | $ | 9,339 | $ | 841 | $ | 7,401 | $ | 1,097 |
Goodwill_Tables
Goodwill (Tables) | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Schedule of Goodwill [Table Text Block] | 2014 | 2013 | |||||
Cost | $ | 36,770 | $ | 15,528 | |||
Accumulated impairment losses | (14,300 | ) | (14,300 | ) | |||
Total | $ | 22,470 | $ | 1,228 | |||
Cost | 2014 | 2013 | |||||
BALANCE - beginning of period | $ | 15,528 | $ | 15,528 | |||
January 2014 business combination | 701 | - | |||||
September 2014 business combination | 1,249 | - | |||||
December 2014 business combination | 19,292 | - | |||||
Total cost | $ | 36,770 | $ | 15,528 | |||
Accumulated impairment | |||||||
BALANCE - beginning of period | $ | (14,300 | ) | $ | (14,300 | ) | |
Impairment charges during the period | - | - | |||||
Total accumulated impairment | $ | (14,300 | ) | $ | (14,300 | ) |
Debt_Tables
Debt (Tables) | 12 Months Ended | |||
Dec. 31, 2014 | ||||
Schedule of Maturities of Long-term Debt [Table Text Block] | Year ending December 31, | |||
2015 | $ | 4,072 | ||
2016 | 4,409 | |||
2017 | 4,400 | |||
2018 | 1,499 | |||
2019 | 274 | |||
Total | $ | 14,654 |
Operating_Leases_Tables
Operating Leases (Tables) | 12 Months Ended | |||
Dec. 31, 2014 | ||||
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Year ending December 31, | |||
2015 | $ | 6,737 | ||
2016 | 7,114 | |||
2017 | 5,917 | |||
2018 | 5,748 | |||
2019 | 5,202 | |||
Thereafter | 19,103 | |||
Total future commitment | 49,821 | |||
Less: minimum sublease income to be received | (631 | ) | ||
Total future commitment, net of sublease income | $ | 49,190 |
Capital_Leases_Tables
Capital Leases (Tables) | 12 Months Ended | |||
Dec. 31, 2014 | ||||
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block] | Year ending December 31, | |||
2015 | $ | 290 | ||
2016 | 290 | |||
2017 | 254 | |||
2018 | 51 | |||
2019 | 28 | |||
Total minimum rentals | 913 | |||
Less: total amounts representing interest | (83 | ) | ||
Capital lease obligations | $ | 830 |
Share_Based_Compensation_Table
Share Based Compensation (Tables) | 12 Months Ended | |||||||||
Dec. 31, 2014 | ||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | Shares | Weighted- | Weighted-Average | |||||||
Underlying | Average Exercise | Remaining Life | ||||||||
Options | Price | (years) | ||||||||
Outstanding at January 1, 2013 | 150,000 | $ | 0.21 | 0.1 | ||||||
Granted | 1,275,000 | $ | 0.35 | 9.6 | ||||||
Exercised | (575,000 | ) | $ | 0.31 | - | |||||
Forfeited | (150,000 | ) | $ | 0.21 | - | |||||
Outstanding at December 31, 2013 | 700,000 | $ | 0.39 | 9.6 | ||||||
Exercisable at December 31, 2013 | 700,000 | $ | 0.39 | 9.6 | ||||||
Outstanding at January 1, 2014 | 700,000 | $ | 0.39 | 9.8 | ||||||
Granted | 3,068,218 | $ | 1.47 | 9.9 | ||||||
Exercised | (600,000 | ) | $ | 0.3 | - | |||||
Forfeited | (50,000 | ) | $ | 1.31 | - | |||||
Outstanding at December 31, 2014 | 3,118,218 | $ | 1.45 | 9.8 | ||||||
Exercisable at December 31, 2014 | 220,000 | $ | 1.16 | 9.6 | ||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Year ended | Year ended | ||||||||
31-Dec-14 | 31-Dec-13 | |||||||||
Expected price volatility | 119% - 123% | 124% - 125% | ||||||||
Risk free interest rate | . 01% - . 05% | . 02% - . 04% | ||||||||
Expected annual dividend yield | 0% | 0% | ||||||||
Expected option term (years) | 10 | 0.1 and 10 | ||||||||
Expected forfeiture rate | 0% | 0% | ||||||||
Grant date fair value per share | $ | 0.97 - $1.64 | $ | 0.29 - $0.89 |
Earnings_Per_Share_Tables
Earnings Per Share (Tables) | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Schedule of Earnings Per Share, Basic [Table Text Block] | 2014 | 2013 | |||||
Net income for the period | $ | 7,186 | $ | 1,198 | |||
Issued common shares at beginning of period | 42,729,547 | 36,082,114 | |||||
Effect of investment in subsidiary | 412,787 | - | |||||
Effect of stock based compensation | 403,552 | 470,911 | |||||
Effect of stock warrants | 959,419 | - | |||||
Effect of private placement | 1,464,565 | 240,925 | |||||
Effect of Athas acquisition | 547,945 | - | |||||
W eighted average common shares at end of period | 46,517,815 | 36,793,950 | |||||
Basic EPS | $ | 0.15 | $ | 0.03 | |||
Schedule of Earnings Per Share, Diluted [Table Text Block] | 2014 | 2013 | |||||
Net income for the period | $ | 7,186 | $ | 1,198 | |||
W eighted average common shares (basic) | 46,517,815 | 36,793,950 | |||||
Effect of stock based compensation | 1,829,540 | 731,792 | |||||
Effect of stock warrants | 50,431 | 111,920 | |||||
Effect of Athas acquisition | 383,562 | - | |||||
W eighted average common shares (diuluted) at end of period | 48,781,348 | 37,637,662 | |||||
Dilutive EPS | $ | 0.15 | $ | 0.03 |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | 2014 | 2013 | |||||
Net income before income tax | $ | 20,728 | $ | 6,851 | |||
US federal income tax rate | 35% | 35% | |||||
Expected U.S. Federal income tax (recovery) | 7,254 | 2,398 | |||||
Permanent differences / discrete items | 312 | 92 | |||||
State income tax (net of federal benefit) | 314 | 115 | |||||
Valuation Allowance | (2,438 | ) | (620 | ) | |||
Non-controlling interests | (4,572 | ) | (1,917 | ) | |||
Others | (390 | ) | 109 | ||||
Total tax expense | $ | 480 | $ | 177 | |||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | 2014 | 2013 | |||||
Deferred tax assets: | |||||||
Goodwill | $ | 17,993 | $ | 20,844 | |||
Intangibles | 1,214 | 1,459 | |||||
U.S. non-capital losses | 14,063 | 12,398 | |||||
Interest carry-forward | 1,391 | 1,391 | |||||
Non-capital losses | 9,539 | 10,735 | |||||
Allowance for bad debts | 408 | 406 | |||||
Reduction of carrying amount of deferred tax assets | (44,608 | ) | (47,233 | ) | |||
Net deferred tax assets | $ | - | $ | - |
Supplemental_Cash_Flow_Informa1
Supplemental Cash Flow Information (Tables) | 12 Months Ended | ||||||
Dec. 31, 2014 | |||||||
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | 2014 | 2013 | |||||
Trade accounts receivable | $ | (20,958 | ) | $ | (4,191 | ) | |
Medical supplies | (27 | ) | (252 | ) | |||
Prepaids and other current assets | (2,799 | ) | (253 | ) | |||
Other long-term assets | 466 | (176 | ) | ||||
Trade accounts payable and accrued liabilities | 2,840 | 2,712 | |||||
Other current liabilities | 1,340 | 43 | |||||
Other long-term liabilities | (8 | ) | (2 | ) | |||
Total | $ | (19,146 | ) | $ | (2,119 | ) |
Company_Description_Narrative_
Company Description (Narrative) (Details) | 12 Months Ended |
Dec. 31, 2014 | |
Company Description 1 | 100.00% |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies (Narrative) (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2014 |
Y | |
Summary Of Significant Accounting Policies 1 | 20 |
Summary Of Significant Accounting Policies 2 | $9.90 |
Summary Of Significant Accounting Policies 3 | $3.20 |
Acquisitions_and_Business_Comb2
Acquisitions and Business Combinations (Narrative) (Details) (USD $) | 12 Months Ended |
In Millions, except Share data, unless otherwise specified | Dec. 31, 2014 |
Acquisitions And Business Combinations 1 | $2.40 |
Acquisitions And Business Combinations 2 | 0.1 |
Acquisitions And Business Combinations 3 | 0.3 |
Acquisitions And Business Combinations 4 | 431,711 |
Acquisitions And Business Combinations 5 | 0.9 |
Acquisitions And Business Combinations 6 | 51.00% |
Acquisitions And Business Combinations 7 | 49.00% |
Acquisitions And Business Combinations 8 | 7.5 |
Acquisitions And Business Combinations 9 | 49.00% |
Acquisitions And Business Combinations 10 | 31.2 |
Acquisitions And Business Combinations 11 | 3 |
Acquisitions And Business Combinations 12 | 12 |
Acquisitions And Business Combinations 13 | 6,666,666 |
Acquisitions And Business Combinations 14 | 4,666,666 |
Acquisitions And Business Combinations 15 | 3.4 |
Acquisitions And Business Combinations 16 | 1.3 |
Acquisitions And Business Combinations 17 | $0.10 |
Investments_in_Associates_Narr
Investments in Associates (Narrative) (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2014 |
Investments In Associates 1 | 40.00% |
Investments In Associates 2 | $0.20 |
Investments In Associates 3 | 87.50% |
Investments In Associates 4 | 15.70% |
Investments In Associates 5 | 10.70% |
Investments In Associates 6 | $0.70 |
Financial_Instruments_and_Conc2
Financial Instruments and Concentration (Narrative) (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2014 |
Financial Instruments And Concentration 1 | 0.00% |
Financial Instruments And Concentration 2 | 70.30% |
Financial Instruments And Concentration 3 | 69.10% |
Financial Instruments And Concentration 4 | $0.10 |
Financial Instruments And Concentration 5 | $3.10 |
Trade_Accounts_Receivable_Narr
Trade Accounts Receivable (Narrative) (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2014 |
D | |
Trade Accounts Receivable 1 | 30 |
Trade Accounts Receivable 2 | 90 |
Trade Accounts Receivable 3 | 0 |
Trade Accounts Receivable 4 | $0.90 |
Trade Accounts Receivable 5 | 0.8 |
Trade Accounts Receivable 6 | 1.3 |
Trade Accounts Receivable 7 | 0.4 |
Trade Accounts Receivable 8 | 7.3 |
Trade Accounts Receivable 9 | 2.5 |
Trade Accounts Receivable 10 | 100.00% |
Trade Accounts Receivable 11 | 1.6 |
Trade Accounts Receivable 12 | 0.9 |
Trade Accounts Receivable 13 | $3.50 |
Property_and_Equipment_Narrati
Property and Equipment (Narrative) (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2014 |
Property And Equipment 1 | $1.50 |
Property And Equipment 2 | $0.70 |
Intangible_Assets_Narrative_De
Intangible Assets (Narrative) (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2014 |
Intangible Assets 1 | $0.20 |
Intangible Assets 2 | 0 |
Intangible Assets 3 | 1.2 |
Intangible Assets 4 | $6.70 |
Lines_of_Credit_Narrative_Deta
Lines of Credit (Narrative) (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2014 |
Lines Of Credit 1 | $1 |
Lines Of Credit 2 | 0.50% |
Lines Of Credit 3 | 1.00% |
Lines Of Credit 4 | 1 |
Lines Of Credit 5 | 5 |
Lines Of Credit 6 | 0.75% |
Lines Of Credit 7 | 4.00% |
Lines Of Credit 8 | $4.40 |
Debt_Narrative_Details
Debt (Narrative) (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2014 |
Debt 1 | $2.10 |
Debt 2 | 1.7 |
Debt 3 | 5.25% |
Debt 4 | 6.25% |
Debt 5 | 0.4 |
Debt 6 | 6.25% |
Debt 7 | 0.4 |
Debt 8 | 0.5 |
Debt 9 | 4.00% |
Debt 10 | 0.1 |
Debt 11 | 12.00% |
Debt 12 | 0.6 |
Debt 13 | 0.9 |
Debt 14 | 5.50% |
Debt 15 | 0.7 |
Debt 16 | 0.8 |
Debt 17 | 3.65% |
Debt 18 | 0.7 |
Debt 19 | 12 |
Debt 20 | 20 |
Debt 21 | 1 |
Debt 22 | 1 |
Debt 23 | 0.3 |
Debt 24 | 11.00% |
Debt 25 | $1 |
Operating_Leases_Narrative_Det
Operating Leases (Narrative) (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2014 |
Operating Leases 1 | $3.50 |
Operating Leases 2 | $1.40 |
Shareholders_Equity_Narrative_
Shareholders' Equity (Narrative) (Details) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2014 | |
USD ($) | CAD | |
Shareholders' Equity 1 | 59,418,227 | 59,418,227 |
Shareholders' Equity 2 | 5,862,500 | 5,862,500 |
Shareholders' Equity 3 | 0.8 | |
Shareholders' Equity 4 | 1.1 | |
Shareholders' Equity 5 | 4,100,000 | |
Shareholders' Equity 6 | 300,000 | |
Shareholders' Equity 7 | 4,100,000 | |
Shareholders' Equity 8 | 2,700,000 | |
Shareholders' Equity 9 | 1,400,000 | |
Shareholders' Equity 10 | 1.1 | |
Shareholders' Equity 11 | 3,224,375 | |
Shareholders' Equity 12 | 5,568,400 | 5,568,400 |
Shareholders' Equity 13 | 1.3 | |
Shareholders' Equity 14 | 1.8 | |
Shareholders' Equity 15 | 6,100,000 | |
Shareholders' Equity 16 | 400,000 | |
Shareholders' Equity 17 | 6,100,000 | |
Shareholders' Equity 18 | 2,200,000 | |
Shareholders' Equity 19 | $3,900,000 | |
Shareholders' Equity 20 | 6,666,666 | 6,666,666 |
Shareholders' Equity 21 | 4,666,666 | 4,666,666 |
Share_Based_Compensation_Narra
Share Based Compensation (Narrative) (Details) (USD $) | 12 Months Ended |
In Millions, except Share data, unless otherwise specified | Dec. 31, 2014 |
D | |
Y | |
Share Based Compensation 1 | 90 |
Share Based Compensation 2 | 10 |
Share Based Compensation 3 | 90 |
Share Based Compensation 4 | 20.00% |
Share Based Compensation 5 | 20.00% |
Share Based Compensation 6 | 3,068,218 |
Share Based Compensation 7 | 1,900,000 |
Share Based Compensation 8 | 1,200,000 |
Share Based Compensation 9 | $0.60 |
Share Based Compensation 10 | 0.4 |
Share Based Compensation 11 | 0.5 |
Share Based Compensation 12 | 1.1 |
Share Based Compensation 13 | $0.30 |
Share Based Compensation 14 | 0.00% |
Noncontrolling_Interests_Narra
Noncontrolling Interests (Narrative) (Details) | 12 Months Ended |
Dec. 31, 2014 | |
Noncontrolling Interests 1 | 15.10% |
Noncontrolling Interests 2 | 25.00% |
Noncontrolling Interests 3 | 97.70% |
Noncontrolling Interests 4 | 100.00% |
Noncontrolling Interests 5 | 100.00% |
Noncontrolling Interests 6 | 100.00% |
Noncontrolling Interests 7 | 35.00% |
Noncontrolling Interests 8 | 31.78% |
Noncontrolling Interests 9 | 31.78% |
Noncontrolling Interests 10 | 32.14% |
Noncontrolling Interests 11 | 22.22% |
Noncontrolling Interests 12 | 40.00% |
Noncontrolling Interests 13 | 40.00% |
Noncontrolling Interests 14 | 50.00% |
Noncontrolling Interests 15 | 50.00% |
Noncontrolling Interests 16 | 51.00% |
Noncontrolling Interests 17 | 49.00% |
Noncontrolling Interests 18 | 8.10% |
Noncontrolling Interests 19 | 75.00% |
Noncontrolling Interests 20 | 5.00% |
Noncontrolling Interests 21 | 2.30% |
Noncontrolling Interests 22 | 60.00% |
Noncontrolling Interests 23 | 50.00% |
Noncontrolling Interests 24 | 50.00% |
Noncontrolling Interests 25 | 60.00% |
Noncontrolling Interests 26 | 60.00% |
Noncontrolling Interests 27 | 67.90% |
Noncontrolling Interests 28 | 68.20% |
Noncontrolling Interests 29 | 68.20% |
Noncontrolling Interests 30 | 68.20% |
Noncontrolling Interests 31 | 77.80% |
Noncontrolling Interests 32 | 49.00% |
Noncontrolling Interests 33 | 50.00% |
Employee_Retirement_Plan_Narra
Employee Retirement Plan (Narrative) (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2014 |
Employee Retirement Plan 1 | $0.10 |
Income_Taxes_Narrative_Details
Income Taxes (Narrative) (Details) (USD $) | 12 Months Ended |
In Millions, except Share data, unless otherwise specified | Dec. 31, 2014 |
Income Taxes 1 | 35.00% |
Income Taxes 2 | $44.60 |
Income Taxes 3 | 38.2 |
Income Taxes 4 | 40.2 |
Income Taxes 5 | 18,778,446 |
Income Taxes 6 | 50.00% |
Income Taxes 7 | $4 |
Related_Parties_Narrative_Deta
Related Parties (Narrative) (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2014 |
Related Parties 1 | $0.40 |
Related Parties 2 | 0.2 |
Related Parties 3 | 5.50% |
Related Parties 4 | 0.6 |
Related Parties 5 | 0.4 |
Related Parties 6 | 2 |
Related Parties 7 | 1.4 |
Related Parties 8 | 0.6 |
Related Parties 9 | 0.6 |
Related Parties 10 | 0.2 |
Related Parties 11 | 12 |
Related Parties 12 | 0.9 |
Related Parties 13 | 10.00% |
Related Parties 14 | $0.50 |
Litigation_Narrative_Details
Litigation (Narrative) (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2014 |
Litigation 1 | $1.10 |
Litigation 2 | $1 |
Subsequent_Events_Narrative_De
Subsequent Events (Narrative) (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2014 |
Y | |
Subsequent Events 1 | $25 |
Subsequent Events 2 | 20 |
Subsequent Events 3 | 5 |
Subsequent Events 4 | 4.00% |
Subsequent Events 5 | 20 |
Subsequent Events 6 | 4.00% |
Subsequent Events 7 | 100.00% |
Subsequent Events 8 | 5 |
Subsequent Events 9 | $0.60 |
Schedule_of_Property_Plant_and
Schedule of Property, Plant and Equipment, Estimated Useful Lives (Details) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Summary Of Significant Accounting Policies Schedule Of Property, Plant And Equipment, Estimated Useful Lives 1 | $7 |
Summary Of Significant Accounting Policies Schedule Of Property, Plant And Equipment, Estimated Useful Lives 2 | 5 |
Summary Of Significant Accounting Policies Schedule Of Property, Plant And Equipment, Estimated Useful Lives 3 | 3 |
Summary Of Significant Accounting Policies Schedule Of Property, Plant And Equipment, Estimated Useful Lives 4 | 5 |
Summary Of Significant Accounting Policies Schedule Of Property, Plant And Equipment, Estimated Useful Lives 5 | 7 |
Summary Of Significant Accounting Policies Schedule Of Property, Plant And Equipment, Estimated Useful Lives 6 | $5 |
Schedule_of_Business_Acquisiti
Schedule of Business Acquisitions, by Acquisition (Details) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Former outpatient surgery center near Phoenix, Arizona [Member] | |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 1 | $131 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 2 | 495 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 3 | 2,226 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 4 | 2,852 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 5 | -2,392 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 6 | 460 |
Two imaging centers and one urgent care clinic in Houston [Member] | |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 1 | 2,271 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 2 | 129 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 3 | 701 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 4 | 3,101 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 5 | 697 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 6 | 1,544 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 7 | 2,241 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 8 | 346 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 9 | 514 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 10 | 860 |
Formation of First Nobilis [Member] | |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 1 | 6,509 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 2 | 598 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 3 | 1,200 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 4 | 4,000 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 5 | 1,249 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 6 | 13,556 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 7 | 6,060 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 8 | 290 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 9 | 6,350 |
Athas [Member] | |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 1 | -53 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 2 | 6,427 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 3 | 450 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 4 | 226 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 5 | 730 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 6 | 752 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 7 | 4,770 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 8 | 1,980 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 9 | 1,820 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 10 | 5,120 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 11 | 19,292 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 12 | 41,514 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 13 | 1,531 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 14 | 3,470 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 15 | 4,120 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 16 | 635 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 17 | 157 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 18 | 102 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 19 | 260 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 20 | 10,275 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 21 | 3,000 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 22 | 12,000 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 23 | 16,239 |
Acquisitions And Business Combinations Schedule Of Business Acquisitions, By Acquisition 24 | $31,239 |
Business_Acquisition_Pro_Forma
Business Acquisition, Pro Forma Information (Details) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 1 | $84,029 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 2 | 17,577 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 3 | 26,059 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 4 | 127,665 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 5 | 20,247 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 6 | -3,364 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 7 | -1,481 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 8 | 15,402 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 9 | 13,062 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 10 | -1,275 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 11 | 0 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 12 | 11,787 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 13 | 7,185 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 14 | -2,089 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 15 | -1,481 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 16 | 3,615 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 17 | 31,128 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 18 | 32,327 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 19 | 22,731 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 20 | 86,186 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 21 | 6,674 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 22 | -677 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 23 | -139 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 24 | 5,858 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 25 | 5,476 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 26 | 2,265 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 27 | 0 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 28 | 7,741 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 29 | 1,198 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 30 | -2,942 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 31 | -139 |
Acquisitions And Business Combinations Business Acquisition, Pro Forma Information 32 | ($1,883) |
Schedule_of_Segment_Reporting_
Schedule of Segment Reporting Information, by Segment (Details) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 1 | $80,614 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 2 | 3,415 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 3 | 0 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 4 | 84,029 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 5 | 0 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 6 | 201 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 7 | 0 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 8 | 201 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 9 | 80,614 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 10 | 3,214 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 11 | 0 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 12 | 83,828 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 13 | 54,438 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 14 | 1,909 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 15 | 6,648 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 16 | 62,995 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 17 | 26,176 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 18 | 1,305 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 19 | -6,648 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 20 | 20,833 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 21 | 1,414 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 22 | 114 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 23 | 115 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 24 | 1,643 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 25 | 0 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 26 | 23 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 27 | 265 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 28 | 288 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 29 | 480 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 30 | 0 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 31 | 0 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 32 | 480 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 33 | 5,945 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 34 | 13,598 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 35 | 0 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 36 | 19,543 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 37 | 3,178 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 38 | 19,292 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 39 | 0 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 40 | 22,470 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 41 | 2,023 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 42 | 0 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 43 | 0 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 44 | 2,023 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 45 | 2,271 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 46 | 0 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 47 | 0 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 48 | 2,271 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 49 | 7,206 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 50 | 0 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 51 | 0 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 52 | 7,206 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 53 | 150 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 54 | 0 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 55 | 0 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 56 | 150 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 57 | 59,751 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 58 | 43,715 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 59 | 4,116 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 60 | 107,582 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 61 | 16,995 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 62 | 11,192 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 63 | 14,094 |
Business Segment Information Schedule Of Segment Reporting Information, By Segment 64 | $42,281 |
Schedule_of_Revenue_by_Major_C
Schedule of Revenue by Major Customers by Reporting Segments (Details) | 12 Months Ended |
Dec. 31, 2014 | |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 1 | 97.10% |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 2 | 92.40% |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 3 | 2.20% |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 4 | 4.50% |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 5 | 0.70% |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 6 | 3.10% |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 7 | 100.00% |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 8 | 100.00% |
Medical services [Member] | |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 1 | 97.00% |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 2 | 92.40% |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 3 | 2.30% |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 4 | 4.50% |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 5 | 0.70% |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 6 | 3.10% |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 7 | 100.00% |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 8 | 100.00% |
Marketing & Factoring [Member] | |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 1 | 100.00% |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 2 | 0.00% |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 3 | 0.00% |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 4 | 0.00% |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 5 | 0.00% |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 6 | 0.00% |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 7 | 100.00% |
Financial Instruments And Concentration Schedule Of Revenue By Major Customers By Reporting Segments 8 | 0.00% |
Schedule_of_Accounts_Notes_Loa
Schedule of Accounts, Notes, Loans and Financing Receivable (Details) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Trade Accounts Receivable Schedule Of Accounts, Notes, Loans And Financing Receivable 1 | $40,985 |
Trade Accounts Receivable Schedule Of Accounts, Notes, Loans And Financing Receivable 2 | 10,431 |
Trade Accounts Receivable Schedule Of Accounts, Notes, Loans And Financing Receivable 3 | -1,391 |
Trade Accounts Receivable Schedule Of Accounts, Notes, Loans And Financing Receivable 4 | -1,384 |
Trade Accounts Receivable Schedule Of Accounts, Notes, Loans And Financing Receivable 5 | -873 |
Trade Accounts Receivable Schedule Of Accounts, Notes, Loans And Financing Receivable 6 | -766 |
Trade Accounts Receivable Schedule Of Accounts, Notes, Loans And Financing Receivable 7 | 3,454 |
Trade Accounts Receivable Schedule Of Accounts, Notes, Loans And Financing Receivable 8 | 0 |
Trade Accounts Receivable Schedule Of Accounts, Notes, Loans And Financing Receivable 9 | 42,175 |
Trade Accounts Receivable Schedule Of Accounts, Notes, Loans And Financing Receivable 10 | $8,281 |
Schedule_of_Property_Plant_and1
Schedule of Property, Plant and Equipment (Details) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Property And Equipment Schedule Of Property, Plant And Equipment 1 | $51 |
Property And Equipment Schedule Of Property, Plant And Equipment 2 | 29 |
Property And Equipment Schedule Of Property, Plant And Equipment 3 | 510 |
Property And Equipment Schedule Of Property, Plant And Equipment 4 | 431 |
Property And Equipment Schedule Of Property, Plant And Equipment 5 | 569 |
Property And Equipment Schedule Of Property, Plant And Equipment 6 | 444 |
Property And Equipment Schedule Of Property, Plant And Equipment 7 | 921 |
Property And Equipment Schedule Of Property, Plant And Equipment 8 | 457 |
Property And Equipment Schedule Of Property, Plant And Equipment 9 | 9,943 |
Property And Equipment Schedule Of Property, Plant And Equipment 10 | 6,218 |
Property And Equipment Schedule Of Property, Plant And Equipment 11 | 6,293 |
Property And Equipment Schedule Of Property, Plant And Equipment 12 | 5,178 |
Property And Equipment Schedule Of Property, Plant And Equipment 13 | 18,287 |
Property And Equipment Schedule Of Property, Plant And Equipment 14 | 12,757 |
Property And Equipment Schedule Of Property, Plant And Equipment 15 | -9,200 |
Property And Equipment Schedule Of Property, Plant And Equipment 16 | -7,924 |
Property And Equipment Schedule Of Property, Plant And Equipment 17 | 9,087 |
Property And Equipment Schedule Of Property, Plant And Equipment 18 | $4,833 |
Schedule_of_FiniteLived_Intang
Schedule of Finite-Lived Intangible Assets (Details) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Intangible Assets Schedule Of Finite-lived Intangible Assets 1 | $10 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 2 | 15 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 3 | 2,661 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 4 | 856 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 5 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 6 | 1,805 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 7 | 841 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 8 | 841 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 9 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 10 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 11 | 5 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 12 | 1,980 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 13 | 33 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 14 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 15 | 1,947 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 16 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 17 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 18 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 19 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 20 | 10 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 21 | 5,120 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 22 | 44 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 23 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 24 | 5,076 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 25 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 26 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 27 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 28 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 29 | 15 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 30 | 20 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 31 | 4,000 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 32 | 62 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 33 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 34 | 3,938 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 35 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 36 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 37 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 38 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 39 | 1,200 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 40 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 41 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 42 | 1,200 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 43 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 44 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 45 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 46 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 47 | -290 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 48 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 49 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 50 | -290 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 51 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 52 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 53 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 54 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 55 | 4,770 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 56 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 57 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 58 | 4,770 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 59 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 60 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 61 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 62 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 63 | 8,498 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 64 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 65 | 7,401 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 66 | 1,097 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 67 | 8,498 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 68 | 0 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 69 | 7,401 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 70 | 1,097 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 71 | 27,939 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 72 | 995 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 73 | 7,401 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 74 | 19,543 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 75 | 9,339 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 76 | 841 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 77 | 7,401 |
Intangible Assets Schedule Of Finite-lived Intangible Assets 78 | $1,097 |
Schedule_of_Goodwill_Details
Schedule of Goodwill (Details) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Goodwill Schedule Of Goodwill 1 | $36,770 |
Goodwill Schedule Of Goodwill 2 | 15,528 |
Goodwill Schedule Of Goodwill 3 | -14,300 |
Goodwill Schedule Of Goodwill 4 | -14,300 |
Goodwill Schedule Of Goodwill 5 | 22,470 |
Goodwill Schedule Of Goodwill 6 | 1,228 |
Goodwill Schedule Of Goodwill 7 | 15,528 |
Goodwill Schedule Of Goodwill 8 | 15,528 |
Goodwill Schedule Of Goodwill 9 | 701 |
Goodwill Schedule Of Goodwill 10 | 0 |
Goodwill Schedule Of Goodwill 11 | 1,249 |
Goodwill Schedule Of Goodwill 12 | 0 |
Goodwill Schedule Of Goodwill 13 | 19,292 |
Goodwill Schedule Of Goodwill 14 | 0 |
Goodwill Schedule Of Goodwill 15 | 36,770 |
Goodwill Schedule Of Goodwill 16 | 15,528 |
Goodwill Schedule Of Goodwill 17 | -14,300 |
Goodwill Schedule Of Goodwill 18 | -14,300 |
Goodwill Schedule Of Goodwill 19 | 0 |
Goodwill Schedule Of Goodwill 20 | 0 |
Goodwill Schedule Of Goodwill 21 | -14,300 |
Goodwill Schedule Of Goodwill 22 | ($14,300) |
Schedule_of_Maturities_of_Long
Schedule of Maturities of Long-term Debt (Details) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Debt Schedule Of Maturities Of Long-term Debt 1 | $4,072 |
Debt Schedule Of Maturities Of Long-term Debt 2 | 4,409 |
Debt Schedule Of Maturities Of Long-term Debt 3 | 4,400 |
Debt Schedule Of Maturities Of Long-term Debt 4 | 1,499 |
Debt Schedule Of Maturities Of Long-term Debt 5 | 274 |
Debt Schedule Of Maturities Of Long-term Debt 6 | $14,654 |
Schedule_of_Future_Minimum_Ren
Schedule of Future Minimum Rental Payments for Operating Leases (Details) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Operating Leases Schedule Of Future Minimum Rental Payments For Operating Leases 1 | $6,737 |
Operating Leases Schedule Of Future Minimum Rental Payments For Operating Leases 2 | 7,114 |
Operating Leases Schedule Of Future Minimum Rental Payments For Operating Leases 3 | 5,917 |
Operating Leases Schedule Of Future Minimum Rental Payments For Operating Leases 4 | 5,748 |
Operating Leases Schedule Of Future Minimum Rental Payments For Operating Leases 5 | 5,202 |
Operating Leases Schedule Of Future Minimum Rental Payments For Operating Leases 6 | 19,103 |
Operating Leases Schedule Of Future Minimum Rental Payments For Operating Leases 7 | 49,821 |
Operating Leases Schedule Of Future Minimum Rental Payments For Operating Leases 8 | -631 |
Operating Leases Schedule Of Future Minimum Rental Payments For Operating Leases 9 | $49,190 |
Schedule_of_Future_Minimum_Lea
Schedule of Future Minimum Lease Payments for Capital Leases (Details) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Capital Leases Schedule Of Future Minimum Lease Payments For Capital Leases 1 | $290 |
Capital Leases Schedule Of Future Minimum Lease Payments For Capital Leases 2 | 290 |
Capital Leases Schedule Of Future Minimum Lease Payments For Capital Leases 3 | 254 |
Capital Leases Schedule Of Future Minimum Lease Payments For Capital Leases 4 | 51 |
Capital Leases Schedule Of Future Minimum Lease Payments For Capital Leases 5 | 28 |
Capital Leases Schedule Of Future Minimum Lease Payments For Capital Leases 6 | 913 |
Capital Leases Schedule Of Future Minimum Lease Payments For Capital Leases 7 | -83 |
Capital Leases Schedule Of Future Minimum Lease Payments For Capital Leases 8 | $830 |
Schedule_of_Sharebased_Compens
Schedule of Share-based Compensation, Stock Options, Activity (Details) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 1 | $150,000 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 2 | 0.21 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 3 | 0.1 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 4 | 1,275,000 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 5 | 0.35 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 6 | 9.6 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 7 | -575,000 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 8 | 0.31 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 9 | 0 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 10 | -150,000 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 11 | 0.21 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 12 | 0 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 13 | 700,000 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 14 | 0.39 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 15 | 9.6 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 16 | 700,000 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 17 | 0.39 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 18 | 9.6 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 19 | 700,000 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 20 | 0.39 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 21 | 9.8 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 22 | 3,068,218 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 23 | 1.47 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 24 | 9.9 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 25 | -600,000 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 26 | 0.3 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 27 | 0 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 28 | -50,000 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 29 | 1.31 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 30 | 0 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 31 | 3,118,218 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 32 | 1.45 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 33 | 9.8 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 34 | $220,000 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 35 | 1.16 |
Share Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 36 | 9.6 |
Schedule_of_Sharebased_Payment
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Share Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 1 | 119.00% |
Share Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 2 | 123.00% |
Share Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 3 | 124.00% |
Share Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 4 | 125.00% |
Share Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 5 | 1.00% |
Share Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 6 | 5.00% |
Share Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 7 | 2.00% |
Share Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 8 | 4.00% |
Share Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 9 | 0.00% |
Share Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 10 | 0.00% |
Share Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 11 | $10 |
Share Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 12 | 0.1 |
Share Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 13 | 10 |
Share Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 14 | 0.00% |
Share Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 15 | 0.00% |
Share Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 16 | 0.97 |
Share Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 17 | 1.64 |
Share Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 18 | 0.29 |
Share Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 19 | $0.89 |
Schedule_of_Earnings_Per_Share
Schedule of Earnings Per Share, Basic (Details) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Earnings Per Share Schedule Of Earnings Per Share, Basic 1 | $7,186 |
Earnings Per Share Schedule Of Earnings Per Share, Basic 2 | 1,198 |
Earnings Per Share Schedule Of Earnings Per Share, Basic 3 | 42,729,547 |
Earnings Per Share Schedule Of Earnings Per Share, Basic 4 | 36,082,114 |
Earnings Per Share Schedule Of Earnings Per Share, Basic 5 | 412,787 |
Earnings Per Share Schedule Of Earnings Per Share, Basic 6 | 0 |
Earnings Per Share Schedule Of Earnings Per Share, Basic 7 | 403,552 |
Earnings Per Share Schedule Of Earnings Per Share, Basic 8 | 470,911 |
Earnings Per Share Schedule Of Earnings Per Share, Basic 9 | 959,419 |
Earnings Per Share Schedule Of Earnings Per Share, Basic 10 | 0 |
Earnings Per Share Schedule Of Earnings Per Share, Basic 11 | 1,464,565 |
Earnings Per Share Schedule Of Earnings Per Share, Basic 12 | 240,925 |
Earnings Per Share Schedule Of Earnings Per Share, Basic 13 | 547,945 |
Earnings Per Share Schedule Of Earnings Per Share, Basic 14 | 0 |
Earnings Per Share Schedule Of Earnings Per Share, Basic 15 | 46,517,815 |
Earnings Per Share Schedule Of Earnings Per Share, Basic 16 | $36,793,950 |
Earnings Per Share Schedule Of Earnings Per Share, Basic 17 | 0.15 |
Earnings Per Share Schedule Of Earnings Per Share, Basic 18 | 0.03 |
Schedule_of_Earnings_Per_Share1
Schedule of Earnings Per Share, Diluted (Details) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Earnings Per Share Schedule Of Earnings Per Share, Diluted 1 | $7,186 |
Earnings Per Share Schedule Of Earnings Per Share, Diluted 2 | 1,198 |
Earnings Per Share Schedule Of Earnings Per Share, Diluted 3 | 46,517,815 |
Earnings Per Share Schedule Of Earnings Per Share, Diluted 4 | 36,793,950 |
Earnings Per Share Schedule Of Earnings Per Share, Diluted 5 | 1,829,540 |
Earnings Per Share Schedule Of Earnings Per Share, Diluted 6 | 731,792 |
Earnings Per Share Schedule Of Earnings Per Share, Diluted 7 | 50,431 |
Earnings Per Share Schedule Of Earnings Per Share, Diluted 8 | 111,920 |
Earnings Per Share Schedule Of Earnings Per Share, Diluted 9 | 383,562 |
Earnings Per Share Schedule Of Earnings Per Share, Diluted 10 | 0 |
Earnings Per Share Schedule Of Earnings Per Share, Diluted 11 | 48,781,348 |
Earnings Per Share Schedule Of Earnings Per Share, Diluted 12 | $37,637,662 |
Earnings Per Share Schedule Of Earnings Per Share, Diluted 13 | 0.15 |
Earnings Per Share Schedule Of Earnings Per Share, Diluted 14 | 0.03 |
Schedule_of_Effective_Income_T
Schedule of Effective Income Tax Rate Reconciliation (Details) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 1 | $20,728 |
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 2 | 6,851 |
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 3 | 35.00% |
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 4 | 35.00% |
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 5 | 7,254 |
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 6 | 2,398 |
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 7 | 312 |
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 8 | 92 |
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 9 | 314 |
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 10 | 115 |
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 11 | -2,438 |
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 12 | -620 |
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 13 | -4,572 |
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 14 | -1,917 |
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 15 | -390 |
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 16 | 109 |
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 17 | 480 |
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 18 | $177 |
Schedule_of_Deferred_Tax_Asset
Schedule of Deferred Tax Assets and Liabilities (Details) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 1 | $17,993 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 2 | 20,844 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 3 | 1,214 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 4 | 1,459 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 5 | 14,063 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 6 | 12,398 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 7 | 1,391 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 8 | 1,391 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 9 | 9,539 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 10 | 10,735 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 11 | 408 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 12 | 406 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 13 | -44,608 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 14 | -47,233 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 15 | 0 |
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 16 | $0 |
Schedule_of_Cash_Flow_Suppleme
Schedule of Cash Flow, Supplemental Disclosures (Details) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 1 | ($20,958) |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 2 | -4,191 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 3 | -27 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 4 | -252 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 5 | -2,799 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 6 | -253 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 7 | 466 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 8 | -176 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 9 | 2,840 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 10 | 2,712 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 11 | 1,340 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 12 | 43 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 13 | -8 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 14 | -2 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 15 | -19,146 |
Supplemental Cash Flow Information Schedule Of Cash Flow, Supplemental Disclosures 16 | ($2,119) |