$CCLD
CareCloud, Inc.

2014 Q2 Form 10-Q Financial Statement

#000114420414052829 Filed on August 28, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $2.612M $2.305M
YoY Change 13.33% -12.36%
Cost Of Revenue $1.110M $920.0K
YoY Change 20.65% -22.69%
Gross Profit $1.500M $1.390M
YoY Change 7.91% -3.47%
Gross Profit Margin 57.42% 60.31%
Selling, General & Admin $1.492M $1.266M
YoY Change 17.89% -6.95%
% of Gross Profit 99.46% 91.05%
Research & Development $126.1K $98.97K
YoY Change 27.42% -1.03%
% of Gross Profit 8.41% 7.12%
Depreciation & Amortization $270.0K $180.0K
YoY Change 50.0% 0.0%
% of Gross Profit 18.0% 12.95%
Operating Expenses $3.001M $2.463M
YoY Change 21.84% 50.18%
Operating Profit -$388.6K -$158.0K
YoY Change 145.97% -21.01%
Interest Expense -$50.00K -$30.00K
YoY Change 66.67% 50.0%
% of Operating Profit
Other Income/Expense, Net $17.73K $58.55K
YoY Change -69.71% -16.36%
Pretax Income -$418.2K -$124.8K
YoY Change 235.17% -16.82%
Income Tax -$128.8K -$37.31K
% Of Pretax Income
Net Earnings -$289.4K -$87.46K
YoY Change 230.89% -41.69%
Net Earnings / Revenue -11.08% -3.79%
Basic Earnings Per Share -$0.06 -$0.02
Diluted Earnings Per Share -$0.06 -$0.02
COMMON SHARES
Basic Shares Outstanding 5.102M shares 5.102M shares
Diluted Shares Outstanding 5.102M shares 5.102M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00
YoY Change
Cash & Equivalents $32.52K
Short-Term Investments
Other Short-Term Assets $258.1K
YoY Change
Inventory
Prepaid Expenses
Receivables $789.2K
Other Receivables $0.00
Total Short-Term Assets $1.467M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $519.3K
YoY Change
Goodwill $344.0K
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.108M
YoY Change
Total Long-Term Assets $4.078M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $1.467M
Total Long-Term Assets $4.078M
Total Assets $5.546M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $363.3K
YoY Change
Accrued Expenses $709.4K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.200M
YoY Change
Long-Term Debt Due $700.0K
YoY Change
Total Short-Term Liabilities $3.926M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $1.300M
YoY Change
Other Long-Term Liabilities $700.0K
YoY Change
Total Long-Term Liabilities $2.000M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.926M
Total Long-Term Liabilities $2.000M
Total Liabilities $5.921M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$624.0K
YoY Change
Common Stock $318.9K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$375.4K
YoY Change
Total Liabilities & Shareholders Equity $5.546M
YoY Change

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$289.4K -$87.46K
YoY Change 230.89% -41.69%
Depreciation, Depletion And Amortization $270.0K $180.0K
YoY Change 50.0% 0.0%
Cash From Operating Activities $100.0K $190.0K
YoY Change -47.37%
INVESTING ACTIVITIES
Capital Expenditures -$50.00K -$70.00K
YoY Change -28.57%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$280.0K
YoY Change -100.0%
Cash From Investing Activities -$50.00K -$360.0K
YoY Change -86.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -290.0K 200.0K
YoY Change -245.0%
NET CHANGE
Cash From Operating Activities 100.0K 190.0K
Cash From Investing Activities -50.00K -360.0K
Cash From Financing Activities -290.0K 200.0K
Net Change In Cash -240.0K 30.00K
YoY Change -900.0%
FREE CASH FLOW
Cash From Operating Activities $100.0K $190.0K
Capital Expenditures -$50.00K -$70.00K
Free Cash Flow $150.0K $260.0K
YoY Change -42.31%

Facts In Submission

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OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
23667 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
7105 USD
CY2012Q4 us-gaap Cash
Cash
268323 USD
CY2013Q2 us-gaap Cash
Cash
483599 USD
CY2014Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
88190 USD
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
58183 USD
CY2014Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2014Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
19000000 shares
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
19000000 shares
CY2014Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5101770 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5101770 shares
CY2014Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5101770 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5101770 shares
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-75604 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-673073 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-87462 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-289401 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5101770 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5101770 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5101770 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5101770 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.13
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5101770 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5101770 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5101770 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5101770 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.13
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-75604 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-673073 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-87462 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-289401 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
242175 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
434638 USD
CY2013Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
121142 USD
CY2014Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
215704 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3317329 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3306848 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2210292 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1772068 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
421490 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
521506 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
383 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
163658 USD
us-gaap Payments For Repurchase Of Initial Public Offering
PaymentsForRepurchaseOfInitialPublicOffering
240000 USD
us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
8.65 pure
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
-127516 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
-177996 USD
CY2014Q2 mtbc Working Capital Deficiency
WorkingCapitalDeficiency
2500000 USD
us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
183976 USD
us-gaap Professional Fees
ProfessionalFees
420000 USD
us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P3Y
CY2014Q2 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
496422 USD
CY2013Q4 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
473042 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
116142 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
102325 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
275000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
1225000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
0 USD
mtbc Noncash Or Part Noncash Finance Lease
NoncashOrPartNoncashFinanceLease
6703 USD
mtbc Noncash Or Part Noncash Finance Lease
NoncashOrPartNoncashFinanceLease
0 USD
mtbc Noncash Or Part Noncash Acquisition Of Prepaid Insurance
NoncashOrPartNoncashAcquisitionOfPrepaidInsurance
0 USD
mtbc Noncash Or Part Noncash Acquisition Of Prepaid Insurance
NoncashOrPartNoncashAcquisitionOfPrepaidInsurance
36640 USD
mtbc Noncash Or Part Noncash Initial Public Offering Related Costs
NoncashOrPartNoncashInitialPublicOfferingRelatedCosts
0 USD
mtbc Noncash Or Part Noncash Initial Public Offering Related Costs
NoncashOrPartNoncashInitialPublicOfferingRelatedCosts
457298 USD
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
205000 USD
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
2522 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
353026 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1160406 USD
CY2014Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
497059 USD
CY2014Q2 us-gaap Long Term Debt
LongTermDebt
2010491 USD
CY2014Q2 us-gaap Line Of Credit
LineOfCredit
1215000 USD
CY2013Q4 us-gaap Line Of Credit
LineOfCredit
1015000 USD
CY2014Q2 us-gaap Notes Payable
NotesPayable
778848 USD
CY2013Q4 us-gaap Notes Payable
NotesPayable
1341691 USD
CY2014Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
495963 USD
CY2013Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
472429 USD
CY2014Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
32521 USD
CY2013Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
497944 USD
CY2014Q2 us-gaap Lines Of Credit Fair Value Disclosure
LinesOfCreditFairValueDisclosure
1215000 USD
CY2013Q4 us-gaap Lines Of Credit Fair Value Disclosure
LinesOfCreditFairValueDisclosure
1015000 USD
CY2014Q2 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
778976 USD
us-gaap Payments For Repurchase Of Initial Public Offering
PaymentsForRepurchaseOfInitialPublicOffering
96542 USD

Files In Submission

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