$CCLD
CareCloud, Inc. Stock $ccld

$ccld Overview Financials Valuation SEC Filings Company Website

2016 Q2 Form 10-Q Financial Statement

#000114420416100861 Filed on May 11, 2016

Income Statement

Concept	2016 Q2	2016 Q1	2015 Q4
Revenue	$5.210M	$5.110M	$5.360M
YoY Change	-12.67%	-16.75%	-24.51%
Cost Of Revenue	$2.320M	$2.300M	$2.360M
YoY Change	-20.27%	-35.21%	-49.79%
Gross Profit	$2.890M	$2.810M	$3.000M
YoY Change	-5.25%	8.49%	25.0%
Gross Profit Margin	55.47%	54.99%	55.97%
Selling, General & Admin	$2.910M	$3.253M	$2.750M
YoY Change	-11.11%	-0.29%	-23.18%
% of Gross Profit	100.69%	115.78%	91.67%
Research & Development	$210.0K	$190.8K	$170.0K
YoY Change	27.08%	15.67%	21.43%
% of Gross Profit	7.27%	6.79%	5.67%
Depreciation & Amortization	$1.210M	$1.210M	$1.100M
YoY Change	0.83%	4.31%	10.0%
% of Gross Profit	41.87%	43.06%	36.67%
Operating Expenses	$4.330M	$6.914M	$4.020M
YoY Change	-42.02%	-5.35%	-14.83%
Operating Profit	-$1.440M	-$1.804M	-$1.020M
YoY Change	-4.1%	54.61%	-56.03%
Interest Expense	-$160.0K	-$130.0K	-$120.0K
YoY Change	300.0%	225.0%	500.0%
% of Operating Profit
Other Income/Expense, Net	-$20.00K	-$2.072K	$10.00K
YoY Change	-134.96%	-104.49%	-133.33%
Pretax Income	-$1.260M	-$1.941M	-$630.0K
YoY Change	-14.92%	67.85%	-35.71%
Income Tax	$40.00K	$42.78K	$170.0K
% Of Pretax Income
Net Earnings	-$1.290M	-$1.980M	-$800.0K
YoY Change	-13.27%	69.82%	-20.0%
Net Earnings / Revenue	-24.76%	-38.75%	-14.93%
Basic Earnings Per Share
Diluted Earnings Per Share	-$129.0K	-$196.4K	-$81.72K
COMMON SHARES
Basic Shares Outstanding	10.24M shares	10.33M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2016 Q2	2016 Q1	2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$6.600M	$7.400M	$8.000M
YoY Change	1000.0%	516.67%	700.0%
Cash & Equivalents		$7.367M	$8.040M
Short-Term Investments
Other Short-Term Assets	$500.0K	$500.0K	$600.0K
YoY Change	147.39%	86.92%	218.23%
Inventory
Prepaid Expenses
Receivables	$2.200M	$2.428M	$2.212M
Other Receivables	$0.00	$100.0K	$0.00
Total Short-Term Assets	$9.300M	$10.37M	$10.89M
YoY Change	151.35%	119.13%	137.45%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.400M	$1.433M	$1.372M
YoY Change	-6.67%	0.38%	-4.99%
Goodwill		$9.516M	$8.972M
YoY Change		11.16%	4.81%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$200.0K	$146.0K	$66.98K
YoY Change	0.0%	-10.2%	-52.17%
Total Long-Term Assets	$15.70M	$16.53M	$15.79M
YoY Change	-4.85%	-5.33%	-14.75%
TOTAL ASSETS
Total Short-Term Assets	$9.300M	$10.37M	$10.89M
Total Long-Term Assets	$15.70M	$16.53M	$15.79M
Total Assets	$25.00M	$26.90M	$26.68M
YoY Change	23.76%	21.19%	15.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$500.0K	$674.9K	$370.4K
YoY Change	-28.57%	-2.81%	-65.77%
Accrued Expenses	$1.200M	$504.7K	$650.2K
YoY Change	-29.41%	-59.88%	-41.59%
Deferred Revenue
YoY Change
Short-Term Debt	$2.000M	$2.000M	$2.000M
YoY Change	-33.33%	-42.86%	17.65%
Long-Term Debt Due	$2.200M	$1.333M	$500.0K
YoY Change	2100.0%	344.44%
Total Short-Term Liabilities	$6.900M	$6.765M	$5.758M
YoY Change	-6.71%	-20.19%	-29.3%
LONG-TERM LIABILITIES
Long-Term Debt	$5.500M	$5.953M	$4.836M
YoY Change	1000.0%
Other Long-Term Liabilities	$1.000M	$1.000M	$1.000M
YoY Change	66.67%	66.67%	66.67%
Total Long-Term Liabilities	$6.500M	$5.953M	$4.836M
YoY Change	490.91%	892.16%
TOTAL LIABILITIES
Total Short-Term Liabilities	$6.900M	$6.765M	$5.758M
Total Long-Term Liabilities	$6.500M	$5.953M	$4.836M
Total Liabilities	$13.60M	$14.08M	$11.78M
YoY Change	60.12%	54.76%	34.12%
SHAREHOLDERS EQUITY
Retained Earnings		-$11.13M	-$9.148M
YoY Change			105.1%
Common Stock		$24.88M	$24.56M
YoY Change			29.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)		$549.2K	$122.0K
YoY Change
Treasury Stock Shares		619.6K shares	101.3K shares
Shareholders Equity	$11.30M	$12.82M	$14.89M
YoY Change
Total Liabilities & Shareholders Equity	$25.00M	$26.90M	$26.68M
YoY Change	24.05%	21.18%	15.45%

Cashflow Statement

Concept	2016 Q2	2016 Q1	2015 Q4
OPERATING ACTIVITIES
Net Income	-$1.290M	-$1.980M	-$800.0K
YoY Change	-13.27%	69.82%	-20.0%
Depreciation, Depletion And Amortization	$1.210M	$1.210M	$1.100M
YoY Change	0.83%	4.31%	10.0%
Cash From Operating Activities	$80.00K	-$400.0K	$20.00K
YoY Change	-153.33%	-69.23%	-102.94%
INVESTING ACTIVITIES
Capital Expenditures	-$90.00K	-$100.0K	-$90.00K
YoY Change	-25.0%	25.0%	-83.64%
Acquisitions		$1.250M
YoY Change
Other Investing Activities	-$180.0K	-$1.250M	-$60.00K
YoY Change	200.0%
Cash From Investing Activities	-$270.0K	-$1.350M	-$150.0K
YoY Change	50.0%	1587.5%	-72.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$427.1K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-550.0K	1.060M	6.560M
YoY Change	139.13%	-30.72%	-2724.0%
NET CHANGE
Cash From Operating Activities	80.00K	-400.0K	20.00K
Cash From Investing Activities	-270.0K	-1.350M	-150.0K
Cash From Financing Activities	-550.0K	1.060M	6.560M
Net Change In Cash	-740.0K	-690.0K	6.430M
YoY Change	32.14%	-560.0%	-537.41%
FREE CASH FLOW
Cash From Operating Activities	$80.00K	-$400.0K	$20.00K
Capital Expenditures	-$90.00K	-$100.0K	-$90.00K
Free Cash Flow	$170.0K	-$300.0K	$110.0K
YoY Change	-666.67%	-75.41%	-184.62%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2016Q1	us-gaap	Liabilities Liabilities	14083229	USD
CY2015Q4	us-gaap	Liabilities Liabilities	11784948	USD
CY2016Q1	us-gaap	Common Stock Value CommonStockValue	10671	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	7367102	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	8039562	USD
CY2016Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	2427608	USD
CY2015Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	2211979	USD
CY2016Q1	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent	24738	USD
CY2015Q4	us-gaap	Due From Related Parties Current DueFromRelatedPartiesCurrent	13200	USD
CY2016Q1	us-gaap	Assets Current AssetsCurrent	10366824	USD
CY2015Q4	us-gaap	Assets Current AssetsCurrent	10886233	USD
CY2016Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1432824	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1372283	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	5440035	USD
CY2015Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	5379404	USD
CY2016Q1	us-gaap	Goodwill Goodwill	9515994	USD
CY2015Q4	us-gaap	Goodwill Goodwill	8971994	USD
CY2016Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	146020	USD
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	66984	USD
CY2016Q1	us-gaap	Assets Assets	26901697	USD
CY2015Q4	us-gaap	Assets Assets	26676898	USD
CY2016Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	674876	USD
CY2015Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	370441	USD
CY2016Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	598236	USD
CY2015Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	627450	USD
CY2016Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	504658	USD
CY2015Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	650221	USD
CY2016Q1	us-gaap	Deferred Rent Credit Current DeferredRentCreditCurrent	44391	USD
CY2015Q4	us-gaap	Deferred Rent Credit Current DeferredRentCreditCurrent	37987	USD
CY2016Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	62406	USD
CY2015Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	73520	USD
CY2016Q1	mtbc	Accrued Liabilities Related Parties Current AccruedLiabilitiesRelatedPartiesCurrent	10700	USD
CY2015Q4	mtbc	Accrued Liabilities Related Parties Current AccruedLiabilitiesRelatedPartiesCurrent	10700	USD
CY2016Q1	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	2000000	USD
CY2015Q4	us-gaap	Lines Of Credit Current LinesOfCreditCurrent	2000000	USD
CY2016Q1	us-gaap	Liabilities Current LiabilitiesCurrent	6764556	USD
CY2015Q4	us-gaap	Liabilities Current LiabilitiesCurrent	5758138	USD
CY2016Q1	us-gaap	Other Long Term Notes Payable OtherLongTermNotesPayable	114277	USD
CY2015Q4	us-gaap	Other Long Term Notes Payable OtherLongTermNotesPayable	66539	USD
CY2016Q1	us-gaap	Deferred Rent Credit Noncurrent DeferredRentCreditNoncurrent	476945	USD
CY2015Q4	us-gaap	Common Stock Value CommonStockValue	10346	USD
CY2016Q1	us-gaap	Dividends Payable Current DividendsPayableCurrent	159236	USD
CY2016Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	24867245	USD
CY2015Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	24549889	USD
CY2016Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-11131093	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-9147507	USD
CY2016Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-379433	USD
CY2015Q4	us-gaap	Business Combination Contingent Consideration Liability Current BusinessCombinationContingentConsiderationLiabilityCurrent	746560	USD
CY2015Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-398979	USD
CY2016Q1	us-gaap	Stockholders Equity StockholdersEquity	12818468	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	14891950	USD
CY2016Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	26901697	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	26676898	USD
CY2016Q1	us-gaap	Preferred Stock Value PreferredStockValue	232	USD
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue	232	USD
CY2016Q1	us-gaap	Other Notes Payable Current OtherNotesPayableCurrent	388011	USD
CY2015Q4	us-gaap	Other Notes Payable Current OtherNotesPayableCurrent	582023	USD
CY2016Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	547376	USD
CY2015Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	621492	USD
CY2016Q1	us-gaap	Business Combination Contingent Consideration Liability Noncurrent BusinessCombinationContingentConsiderationLiabilityNoncurrent	533497	USD
CY2015Q4	us-gaap	Business Combination Contingent Consideration Liability Noncurrent BusinessCombinationContingentConsiderationLiabilityNoncurrent	425948	USD
CY2016Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	1333333	USD
CY2015Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	500000	USD
CY2015Q4	us-gaap	Deferred Rent Credit Noncurrent DeferredRentCreditNoncurrent	490588	USD
CY2016Q1	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	33162	USD
CY2015Q4	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	36082	USD
CY2015Q4	us-gaap	Dividends Payable Current DividendsPayableCurrent	159236	USD
CY2016Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	5952945	USD
CY2015Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	4836384	USD
CY2016Q1	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	207847	USD
CY2015Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	171269	USD
CY2016Q1	us-gaap	Treasury Stock Value TreasuryStockValue	549154	USD
CY2015Q4	us-gaap	Treasury Stock Value TreasuryStockValue	122031	USD
CY2016Q1	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	5109849	USD
CY2016Q1	us-gaap	Direct Operating Costs DirectOperatingCosts	2301379	USD
CY2016Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	343541	USD
CY2016Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2909838	USD
CY2016Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	190786	USD
CY2016Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1213510	USD
CY2016Q1	us-gaap	Operating Expenses OperatingExpenses	6914301	USD
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-1804452	USD
CY2016Q1	us-gaap	Interest Income Other InterestIncomeOther	7076	USD
CY2016Q1	us-gaap	Interest Expense Other InterestExpenseOther	141358	USD
CY2016Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-2072	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1940806	USD
CY2016Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	42780	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Per Basic And Diluted Share IncomeLossFromContinuingOperationsPerBasicAndDilutedShare	-0.21
CY2016Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	10084928	shares
CY2016Q1	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	-44753	USD
CY2016Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	159236	USD
CY2015Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	0	USD
CY2016Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-2142822	USD
CY2015Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1165910	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-40789	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	19546	USD
CY2015Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1206699	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1964040	USD
CY2016Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	476917	USD
CY2016Q1	mtbc	Sharebased Compensation Arrangement By Sharebased Payment Award Restricted Stock Units Value Vested SharebasedCompensationArrangementBySharebasedPaymentAwardRestrictedStockUnitsValueVested	0	USD
CY2015Q1	us-gaap	Straight Line Rent StraightLineRent	2816	USD
CY2016Q1	us-gaap	Straight Line Rent StraightLineRent	9399	USD
CY2016Q1	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	427123	USD
CY2016Q1	us-gaap	Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings	159236	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	19546	USD
CY2015Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-13095	USD
CY2016Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-14034	USD
CY2015Q1	mtbc	Provision For Recovery Of Doubtful Accounts ProvisionForRecoveryOfDoubtfulAccounts	28239	USD
CY2016Q1	mtbc	Provision For Recovery Of Doubtful Accounts ProvisionForRecoveryOfDoubtfulAccounts	21941	USD
CY2015Q1	us-gaap	Foreign Currency Transaction Gain Loss Realized ForeignCurrencyTransactionGainLossRealized	28689	USD
CY2016Q1	us-gaap	Foreign Currency Transaction Gain Loss Realized ForeignCurrencyTransactionGainLossRealized	-26935	USD
CY2015Q1	us-gaap	Accretion Expense AccretionExpense	0	USD
CY2016Q1	us-gaap	Accretion Expense AccretionExpense	41753	USD
CY2015Q1	us-gaap	Share Based Compensation ShareBasedCompensation	126849	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	489422	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-46006	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	237570	USD
CY2015Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	108219	USD
CY2016Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-30882	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Payable And Other Operating Liabilities IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities	-400432	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Payable And Other Operating Liabilities IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities	61272	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-403627	USD
CY2015Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	83588	USD
CY2016Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	102646	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-83588	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-1352646	USD
CY2015Q1	us-gaap	Repayments Of Other Short Term Debt RepaymentsOfOtherShortTermDebt	254827	USD
CY2016Q1	us-gaap	Repayments Of Other Short Term Debt RepaymentsOfOtherShortTermDebt	237777	USD
CY2015Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	3435000	USD
CY2016Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	2000000	USD
CY2015Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	1650000	USD
CY2016Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	2000000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	1530173	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	1064005	USD
CY2015Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations	-11988	USD
CY2016Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations	19808	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	137283	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-672460	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1048660	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1185943	USD
CY2015Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	9759	USD
CY2016Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	16420	USD
CY2015Q1	us-gaap	Interest Paid Net InterestPaidNet	75576	USD
CY2016Q1	us-gaap	Interest Paid Net InterestPaidNet	89495	USD
CY2016Q1	mtbc	Noncash Or Part Noncash Finance Lease NoncashOrPartNoncashFinanceLease	91110	USD
CY2015Q1	mtbc	Noncash Or Part Noncash Finance Lease NoncashOrPartNoncashFinanceLease	0	USD
CY2016Q1	us-gaap	Stock Issued1 StockIssued1	430000	USD
CY2015Q1	us-gaap	Stock Issued1 StockIssued1	0	USD
CY2016Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	159236	USD
CY2015Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	0	USD
CY2016Q1	us-gaap	Proceeds From Debt Net Of Issuance Costs ProceedsFromDebtNetOfIssuanceCosts	1908141	USD
CY2015Q1	us-gaap	Proceeds From Debt Net Of Issuance Costs ProceedsFromDebtNetOfIssuanceCosts	0	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-1297314	USD
CY2016Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	427123	USD
CY2015Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
CY2016Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	159236	USD
CY2016Q1	us-gaap	Equity Method Investment Ownership Percentage EquityMethodInvestmentOwnershipPercentage	0.9999	pure
CY2016Q1	us-gaap	Line Of Credit Facility Expiration Date1 LineOfCreditFacilityExpirationDate1	2018-09-01
CY2016Q1	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	10000000	USD
CY2016Q1	mtbc	Term Loan Expiration Date TermLoanExpirationDate	2019-09-01
CY2014Q4	us-gaap	Goodwill Goodwill	8560336	USD
CY2016Q1	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	544000	USD
CY2015	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	411658	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	2850098	USD
CY2016Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1094205	USD
CY2015Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1066076	USD
CY2016Q1	us-gaap	Fair Value Concentration Of Risk Cash And Cash Equivalents FairValueConcentrationOfRiskCashAndCashEquivalents	77524389	PKR
CY2015Q4	us-gaap	Fair Value Concentration Of Risk Cash And Cash Equivalents FairValueConcentrationOfRiskCashAndCashEquivalents	78891565	PKR
CY2015Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	31463	USD
CY2016Q1	us-gaap	Foreign Currency Transaction Gain Loss Before Tax ForeignCurrencyTransactionGainLossBeforeTax	-26935	USD
CY2015Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	14658	USD
CY2016Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	24863	USD
CY2015Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	126849	USD
CY2016Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	489422	USD
CY2016Q1	us-gaap	Preferred Stock Redemption Price Per Share PreferredStockRedemptionPricePerShare	25.00
CY2016Q1	us-gaap	Preferred Stock Liquidation Preference PreferredStockLiquidationPreference	25.00
CY2016Q1	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	536995	USD
CY2016Q1	mtbc	Debt Instrument Unamortized Discount On Loan Fees DebtInstrumentUnamortizedDiscountOnLoanFees	86631	USD
CY2016Q1	mtbc	Debt Instrument Unamortized Discount Of Amount Allocated To Warrants DebtInstrumentUnamortizedDiscountOfAmountAllocatedToWarrants	90096	USD
CY2016Q1	us-gaap	Long Term Debt LongTermDebt	7286278	USD
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	2717911	USD
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	2708698	USD
CY2016Q1	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	8502285	USD
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	1041997	USD
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	2020127	USD
CY2016Q1	dei	Document Type DocumentType	10-Q
CY2016Q1	dei	Amendment Flag AmendmentFlag	false
CY2016Q1	dei	Document Period End Date DocumentPeriodEndDate	2016-03-31
CY2016Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
CY2016Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2016Q1	dei	Entity Registrant Name EntityRegistrantName	MEDICAL TRANSCRIPTION BILLING, CORP
CY2016Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001582982
CY2016Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2016Q1	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2016Q1	dei	Trading Symbol TradingSymbol	MTBC
CY2016Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	10237240	shares
CY2016Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	1250000	USD
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2016Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2015Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
CY2016Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	20000	USD
CY2015Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	0	USD
CY2016Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	255000	USD
CY2015Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	250000	USD
CY2016Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2016Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	231616	shares
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	231616	shares
CY2016Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	231616	shares
CY2015Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	231616	shares
CY2016Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2015Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2016Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	19000000	shares
CY2015Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	19000000	shares
CY2016Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	10670351	shares
CY2015Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	10345351	shares
CY2016Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	10050718	shares
CY2015Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	10244013	shares
CY2016Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	619633	shares
CY2015Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	101338	shares
CY2016Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	0	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	0	USD
CY2016Q1	mtbc	Percentage Of Increase Decrease In Foreign Currency Exchange Rate PercentageOfIncreaseDecreaseInForeignCurrencyExchangeRate	-0.0021	pure
CY2015Q1	mtbc	Percentage Of Increase Decrease In Foreign Currency Exchange Rate PercentageOfIncreaseDecreaseInForeignCurrencyExchangeRate	0.004	pure
CY2016Q1	mtbc	Common Stock Shares Held In Escrow CommonStockSharesHeldInEscrow	248625	shares
CY2016Q1	mtbc	Settlement Payments SettlementPayments	0	USD
CY2015Q1	mtbc	Settlement Payments SettlementPayments	110000	USD
CY2016Q1	us-gaap	Fair Value Concentration Of Risk Cash And Cash Equivalents FairValueConcentrationOfRiskCashAndCashEquivalents	740992	USD
CY2015Q4	us-gaap	Fair Value Concentration Of Risk Cash And Cash Equivalents FairValueConcentrationOfRiskCashAndCashEquivalents	750880	USD
CY2016Q1	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	8000000	USD
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	13552	USD
CY2015Q4	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	236160	USD
CY2015Q4	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	58500	USD
CY2015Q4	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	294660	USD
CY2016Q1	mtbc	Goodwill Amortization Period For Tax Purposes GoodwillAmortizationPeriodForTaxPurposes	P15Y
CY2015Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2015Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	0	USD
CY2016Q1	mtbc	Contingently Shares Issued ContingentlySharesIssued	248625	shares
CY2015Q1	mtbc	Contingently Shares Issued ContingentlySharesIssued	1287529	shares
CY2016Q1	us-gaap	Finite Lived Customer Relationships Gross FiniteLivedCustomerRelationshipsGross	13266546	USD
CY2015Q4	us-gaap	Finite Lived Customer Relationships Gross FiniteLivedCustomerRelationshipsGross	12166546	USD
CY2016Q1	us-gaap	Finite Lived Noncompete Agreements Gross FiniteLivedNoncompeteAgreementsGross	1226272	USD
CY2015Q4	us-gaap	Finite Lived Noncompete Agreements Gross FiniteLivedNoncompeteAgreementsGross	1206272	USD
CY2016Q1	us-gaap	Other Finite Lived Intangible Assets Gross OtherFiniteLivedIntangibleAssetsGross	522918	USD
CY2015Q4	us-gaap	Other Finite Lived Intangible Assets Gross OtherFiniteLivedIntangibleAssetsGross	488082	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	15015736	USD
CY2015Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	13860900	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	9575701	USD
CY2015Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	8481496	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	2040207	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	35510	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	514220	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	4000000	USD

Files In Submission

Name	View Source	Status
0001144204-16-100861-index-headers.html	Edgar Link	pending
0001144204-16-100861-index.html	Edgar Link	pending
0001144204-16-100861.txt	Edgar Link	pending
0001144204-16-100861-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
mtbc-20160331.xml	Edgar Link	completed
mtbc-20160331.xsd	Edgar Link	pending
mtbc-20160331_cal.xml	Edgar Link	unprocessable
mtbc-20160331_def.xml	Edgar Link	unprocessable
mtbc-20160331_lab.xml	Edgar Link	unprocessable
mtbc-20160331_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R56.htm	Edgar Link	pending
R57.htm	Edgar Link	pending
R58.htm	Edgar Link	pending
R59.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R60.htm	Edgar Link	pending
R61.htm	Edgar Link	pending
R62.htm	Edgar Link	pending
R63.htm	Edgar Link	pending
R64.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
v438527_10q.htm	Edgar Link	pending
v438527_ex31-1.htm	Edgar Link	pending
v438527_ex31-2.htm	Edgar Link	pending
v438527_ex32-1.htm	Edgar Link	pending
v438527_ex32-2.htm	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$CCLD
CareCloud, Inc. Stock $ccld

2016 Q2 Form 10-Q Financial Statement

#000114420416100861 Filed on May 11, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CCLD CareCloud, Inc. Stock $ccld

2016 Q2 Form 10-Q Financial Statement

#000114420416100861 Filed on May 11, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CCLD
CareCloud, Inc. Stock $ccld