Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash $ 8,833,230 $ 2,406,246
Accounts receivable, net 8,149,484 17,463,947
Prepaid expenses and other current assets 1,193,077 170,353
Income tax refunds receivable 2,415,013 0
Deferred tax assets 0 28,300
Deposits on acquisitions 0 259,875
Total current assets 20,590,804 20,328,721
Property and equipment, net 7,148,295 7,678,123
Other assets:    
Intangible assets 0 4,436,473
Goodwill 0 3,139,942
Deposits 232,774 177,495
Total assets 27,971,873 35,760,754
Current liabilities:    
Accounts payable 4,360,035 3,356,797
Accrued expenses 5,285,455 2,297,416
Income tax liabilities 0 8,087,946
Current portion of notes payable 269,031 443,292
Current portion of notes payable, related party 5,133,888 3,000,000
Current portion of capital lease obligation 1,323,708 962,562
Total current liabilities 16,372,117 18,148,013
Other liabilities:    
Notes payable, net of current portion 2,903,898 93,392
Capital lease obligations, net of current portion 2,394,171 2,222,625
Derivative liabilities 7,495,486 0
Deferred tax liabilities 0 252,900
Total liabilities 29,165,672 $ 20,716,930
Commitments and contingencies  
Stockholders' equity:    
Common stock 143,951 $ 118,987
Additional paid-in-capital 25,456,870 5,241,419
(Accumulated deficit) retained earnings (26,795,210) 9,562,517
Total Rennova Health stockholders' equity (1,193,799) 14,922,820
Noncontrolling interest 0 121,004
Total stockholders' equity (1,193,799) 15,043,824
Total liabilities and stockholders' equity 27,971,873 35,760,754
Series B Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock, 100,000,000 shares authorized: 50 1
Series C Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock, 100,000,000 shares authorized: 90  
Series D Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock, 100,000,000 shares authorized: 0 20
Series E Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock, 100,000,000 shares authorized: $ 450 $ 10