$CCLD
CareCloud, Inc.

2022 Q3 Form 10-Q Financial Statement

#000149315222021344 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $33.72M $37.23M $35.34M
YoY Change -11.96% 9.29% 18.71%
Cost Of Revenue $20.41M $21.79M $22.67M
YoY Change -15.41% 6.1% 25.54%
Gross Profit $13.32M $15.44M $12.67M
YoY Change -6.09% 14.12% 8.18%
Gross Profit Margin 39.49% 41.48% 35.85%
Selling, General & Admin $9.004M $8.820M $7.969M
YoY Change 8.53% 4.1% 6.11%
% of Gross Profit 67.61% 57.12% 62.91%
Research & Development $1.168M $1.098M $985.0K
YoY Change 139.34% -39.44% -51.48%
% of Gross Profit 8.77% 7.11% 7.78%
Depreciation & Amortization $2.810M $3.079M $3.080M
YoY Change -23.39% -4.82% 4.41%
% of Gross Profit 21.1% 19.94% 24.31%
Operating Expenses $32.04M $34.47M $11.89M
YoY Change 159.79% 0.89% -3.85%
Operating Profit $1.688M $2.754M $774.0K
YoY Change -8.71% -2698.11% -217.27%
Interest Expense -$82.00K -$104.0K -$95.00K
YoY Change -5.75% -7.96% 58.33%
% of Operating Profit -4.86% -3.78% -12.27%
Other Income/Expense, Net -$495.0K $112.0K $83.00K
YoY Change 661.54% -45.37% -137.73%
Pretax Income $1.111M $2.762M $1.204M
YoY Change -12.73% -19828.57% -161.12%
Income Tax $55.00K $25.00K $64.00K
% Of Pretax Income 4.95% 0.91% 5.32%
Net Earnings $1.056M $2.737M $1.140M
YoY Change -29.83% -1305.73% -158.04%
Net Earnings / Revenue 3.13% 7.35% 3.23%
Basic Earnings Per Share -$0.18 -$0.07 -$0.19
Diluted Earnings Per Share $69.71K $181.6K $76.04K
COMMON SHARES
Basic Shares Outstanding 15.08M shares 15.07M shares 14.99M shares
Diluted Shares Outstanding 15.15M shares 15.07M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.867M $9.220M $9.136M
YoY Change -53.48% 15.22% -56.5%
Cash & Equivalents $3.867M $9.220M $10.14M
Short-Term Investments
Other Short-Term Assets $4.694M $4.335M $4.050M
YoY Change -2.55% -9.29% -42.96%
Inventory $418.0K $376.0K $417.0K
Prepaid Expenses
Receivables $16.28M $18.98M $23.14M
Other Receivables $16.00K $16.00K $16.00K
Total Short-Term Assets $29.68M $37.63M $36.76M
YoY Change -18.45% 7.74% -18.68%
LONG-TERM ASSETS
Property, Plant & Equipment $5.102M $4.850M $11.90M
YoY Change -58.24% -63.41% -4.01%
Goodwill $61.19M
YoY Change
Intangibles $29.76M $30.18M
YoY Change
Long-Term Investments
YoY Change
Other Assets $787.0K $807.0K $882.0K
YoY Change -27.86% -35.18% -32.15%
Total Long-Term Assets $101.5M $102.5M $104.5M
YoY Change -4.33% -5.5% 13.3%
TOTAL ASSETS
Total Short-Term Assets $29.68M $37.63M $36.76M
Total Long-Term Assets $101.5M $102.5M $104.5M
Total Assets $131.2M $140.1M $141.2M
YoY Change -7.94% -2.27% 2.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.568M $5.047M $5.833M
YoY Change -21.28% 6.07% 24.11%
Accrued Expenses $5.322M $4.481M $12.66M
YoY Change -59.72% -69.45% -23.28%
Deferred Revenue $1.417M $1.450M $1.140M
YoY Change 30.12%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $552.0K $12.00K $95.00K
YoY Change -6.44% -45.45% -52.5%
Total Short-Term Liabilities $24.55M $26.19M $28.10M
YoY Change -7.24% -2.76% 2.93%
LONG-TERM LIABILITIES
Long-Term Debt $14.00K $7.016M $6.018M
YoY Change -99.77% 39.46%
Other Long-Term Liabilities $3.297M $3.682M $4.319M
YoY Change -71.92% -70.33% -21.47%
Total Long-Term Liabilities $3.311M $10.70M $10.34M
YoY Change -81.36% -38.67% 87.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.55M $26.19M $28.10M
Total Long-Term Liabilities $3.311M $10.70M $10.34M
Total Liabilities $28.37M $37.37M $38.92M
YoY Change -37.59% -18.04% 14.81%
SHAREHOLDERS EQUITY
Retained Earnings -$26.12M -$27.18M
YoY Change
Common Stock $16.00K $16.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $662.0K $662.0K
YoY Change
Treasury Stock Shares 740.8K shares 740.8K shares
Shareholders Equity $102.8M $102.7M $102.3M
YoY Change
Total Liabilities & Shareholders Equity $131.2M $140.1M $141.2M
YoY Change -7.94% -2.27% 2.78%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $1.056M $2.737M $1.140M
YoY Change -29.83% -1305.73% -158.04%
Depreciation, Depletion And Amortization $2.810M $3.079M $3.080M
YoY Change -23.39% -4.82% 4.41%
Cash From Operating Activities $6.977M $5.039M $3.087M
YoY Change 36.03% 349.51% 221.56%
INVESTING ACTIVITIES
Capital Expenditures -$3.496M -$2.830M -$2.797M
YoY Change 38.13% 12.39% 25.99%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$3.496M -$2.830M -$2.797M
YoY Change 22.58% -80.85% 25.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.047M -1.755M -342.0K
YoY Change 290.13% -172.19% -129.48%
NET CHANGE
Cash From Operating Activities 6.977M 5.039M 3.087M
Cash From Investing Activities -3.496M -2.830M -2.797M
Cash From Financing Activities -9.047M -1.755M -342.0K
Net Change In Cash -5.566M 454.0K -52.00K
YoY Change 13152.38% -104.04% -48.0%
FREE CASH FLOW
Cash From Operating Activities $6.977M $5.039M $3.087M
Capital Expenditures -$3.496M -$2.830M -$2.797M
Free Cash Flow $10.47M $7.869M $5.884M
YoY Change 36.72% 116.24% 85.03%

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us-gaap Foreign Currency Transaction Gain Loss Realized
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us-gaap Proceeds From Lines Of Credit
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
9502000 usd
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MTBC Dividends Declared Not Paid
DividendsDeclaredNotPaid
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us-gaap Income Taxes Paid Net
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<p id="xdx_801_eus-gaap--BasisOfAccounting_zSPe6eU03Dmk" style="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2. <span id="xdx_823_zwjzQH4Cjzk4">BASIS OF PRESENTATION</span></b></span></p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0 0 0 23.75pt; text-transform: uppercase; text-align: justify; text-indent: -23.75pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial reporting and as required by Regulation S-X, Rule 8-03. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of the Company’s management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of items of a normal and recurring nature) necessary to present fairly the Company’s financial position as of June 30, 2022, the results of operations for the three and six months ended June 30, 2022 and 2021 and cash flows for the six months ended June 30, 2022 and 2021. When preparing financial statements in conformity with GAAP, the Company must make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ significantly from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying unaudited consolidated financial statements and notes thereto should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2021, which are included in the Company’s Annual Report on Form 10-K, filed with the SEC on March 14, 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_845_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zQPAHkS649O3" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span><span id="xdx_864_z7ZSGlvUdsrh">Recent Accounting Pronouncements</span></span></i></b> — From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (“FASB”) and are adopted by us as of the specified effective date. Unless otherwise discussed, we believe that the impact of recently adopted and recently issued accounting pronouncements will not have a material impact on our consolidated financial position, results of operations and cash flows.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In June 2016, the FASB issued ASU 2016-13, including subsequent codification improvements, <i>Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments. </i>The guidance in Accounting Standards Update (“ASU”) 2016-13 replaces the incurred loss impairment methodology under current GAAP. The new impairment model requires immediate recognition of estimated credit losses expected to occur for most financial assets and certain other instruments. It will apply to all entities. For trade receivables, loans and held-to-maturity debt securities, entities will be required to estimate lifetime expected credit losses. This may result in the earlier recognition of credit losses. In November 2019, the FASB issued ASU No. 2019-10, which delays this standard’s effective date for SEC smaller reporting companies to the fiscal years beginning on or after December 15, 2022. The Company is in the process of determining if this update will have a significant impact on the consolidated financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In December 2019, the FASB issued ASU 2019-12, <i>Simplifying the Accounting for Income Taxes</i>. This ASU simplifies accounting for income taxes to reduce complexity in the accounting standards. The amendments consist of the removal of certain exceptions to the general principles of ASC 740 and some additional simplifications. The amendments are effective for public business entities for fiscal years beginning after December 15, 2020. The Company adopted this guidance effective January 1, 2021. There was no impact on the consolidated financial statements as a result of this standard.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In August 2020, the FASB issued ASU 2020-06, <i>Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40).</i> This ASU simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. The Company adopted this guidance effective January 1, 2022. There was no impact on the consolidated financial statements as a result of this standard.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In October 2021, the FASB issued ASU 2021-08, <i>Business Combinations (Topic 805) – Accounting for Contract Assets and Contract Liabilities from Contracts with Customers.</i> The amendments in this update require acquiring entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. The amendments are effective for public business entities for fiscal years beginning after December 15, 2022. The Company is in the process of determining if this update will have a significant impact on the consolidated financial statements.</span></p> <p id="xdx_85F_zuc8CyMIbxx2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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12261000 usd
CY2021Q2 MTBC Business Combination Amounts Held In Escrow
BusinessCombinationAmountsHeldInEscrow
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BusinessAcquisitionProFormaEarningsPerShareBasic
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us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.25
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BusinessCombinationContingentConsiderationLiability
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BusinessAcquisitionCostOfAcquiredEntityTransactionCosts
19437000 usd
CY2022Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
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CY2021Q2 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
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us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
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us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
81624000 usd
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BusinessAcquisitionsProFormaNetIncomeLoss
2830000 usd
CY2021Q2 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
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us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
4067000 usd
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
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CY2022Q2 MTBC Business Acquisitions Pro Forma Net Income Loss Attributable To Common Shareholders
BusinessAcquisitionsProFormaNetIncomeLossAttributableToCommonShareholders
-946000 usd
CY2021Q2 MTBC Business Acquisitions Pro Forma Net Income Loss Attributable To Common Shareholders
BusinessAcquisitionsProFormaNetIncomeLossAttributableToCommonShareholders
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MTBC Business Acquisitions Pro Forma Net Income Loss Attributable To Common Shareholders
BusinessAcquisitionsProFormaNetIncomeLossAttributableToCommonShareholders
-3746000 usd
MTBC Business Acquisitions Pro Forma Net Income Loss Attributable To Common Shareholders
BusinessAcquisitionsProFormaNetIncomeLossAttributableToCommonShareholders
-8389000 usd
CY2022Q2 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.06
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
61186000 usd
CY2020Q4 us-gaap Goodwill Gross
GoodwillGross
49291000 usd
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
11895000 usd
CY2022Q2 us-gaap Goodwill Gross
GoodwillGross
61186000 usd
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
61186000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
74703000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
70425000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
44526000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
39647000 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
30177000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
30778000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4900000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5000000.0 usd
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P3Y
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
7249000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
11549000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
7481000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2548000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
300000 usd
CY2022Q2 MTBC Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
1050000 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
30177000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3865000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3936000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8958000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15070147 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14430882 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15031363 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14258772 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.63
MTBC Lease Term Description
LeaseTermDescription
Leases with a term of less than 12 months are not recorded in the consolidated balance sheets.
CY2022Q2 MTBC Unoccupied Lease Charges
UnoccupiedLeaseCharges
266000 usd
MTBC Unoccupied Lease Charges
UnoccupiedLeaseCharges
529000 usd
CY2021Q2 MTBC Unoccupied Lease Charges
UnoccupiedLeaseCharges
223000 usd
MTBC Unoccupied Lease Charges
UnoccupiedLeaseCharges
466000 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
105000 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
775000 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
197000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
905000 usd
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1058000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1877000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
2115000 usd
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
35000 usd
CY2021Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
22000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
75000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
44000 usd
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
10000 usd
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
8000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
19000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
14000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
950000 usd
CY2021Q2 us-gaap Lease Cost
LeaseCost
1088000 usd
us-gaap Lease Cost
LeaseCost
1971000 usd
us-gaap Lease Cost
LeaseCost
2173000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5447000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6940000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3224000 usd
CY2022Q2 MTBC Right Of Use Asset Obtained In Exchange For Operating Leases Liability
RightOfUseAssetObtainedInExchangeForOperatingLeasesLiability
15000 usd
CY2021Q2 MTBC Right Of Use Asset Obtained In Exchange For Operating Leases Liability
RightOfUseAssetObtainedInExchangeForOperatingLeasesLiability
1537000 usd
MTBC Right Of Use Asset Obtained In Exchange For Operating Leases Liability
RightOfUseAssetObtainedInExchangeForOperatingLeasesLiability
442000 usd
MTBC Right Of Use Asset Obtained In Exchange For Operating Leases Liability
RightOfUseAssetObtainedInExchangeForOperatingLeasesLiability
1748000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3963000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3319000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
4545000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
6543000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
8508000 usd
CY2022Q2 MTBC Operating Lease Right Of Use Asset Gross
OperatingLeaseRightOfUseAssetGross
7171000 usd
CY2021Q4 MTBC Operating Lease Right Of Use Asset Gross
OperatingLeaseRightOfUseAssetGross
10535000 usd
CY2022Q2 MTBC Asset Lease Expense
AssetLeaseExpense
-1658000 usd
CY2021Q4 MTBC Asset Lease Expense
AssetLeaseExpense
-3574000 usd
CY2022Q2 MTBC Foreign Exchange Gain Loss
ForeignExchangeGainLoss
-66000 usd
CY2021Q4 MTBC Foreign Exchange Gain Loss
ForeignExchangeGainLoss
-21000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5447000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6940000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y6M10D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y3M3D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0675 pure
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0676 pure
CY2022Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
1158000 usd
CY2021Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
1336000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
2370000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
2732000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2205000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2263000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
995000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
514000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
232000 usd
MTBC Operating Costs
OperatingCosts
44460000 usd
CY2022Q2 MTBC Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
1756000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
7965000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1422000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
6543000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
3224000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3319000 usd
CY2020Q1 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
6600000 usd
CY2020Q3 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
11000000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
37228000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34065000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
72569000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
63834000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
37228000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34065000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
72569000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
63834000 usd
MTBC Deferred Commissions
DeferredCommissions
762000 usd
MTBC Deferred Commissions
DeferredCommissions
1000000.0 usd
CY2022Q2 MTBC Liability For Cash Settled Amount
LiabilityForCashSettledAmount
578000 usd
CY2021Q4 MTBC Liability For Cash Settled Amount
LiabilityForCashSettledAmount
1000000.0 usd
CY2022Q2 MTBC Cash Settlement
CashSettlement
13000 usd
CY2021Q2 MTBC Cash Settlement
CashSettlement
87000 usd
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1184000 usd
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1734000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2071000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3002000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25000 usd
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
34474000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
2754000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
72569000 usd
CY2022Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
34000 usd
CY2022Q2 MTBC Deferred Income Tax Benefit
DeferredIncomeTaxBenefit
9000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
89000 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
62000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
27000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
213000 usd
CY2021Q2 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
51000 usd
CY2021Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
162000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
212000 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
86000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
126000 usd
CY2022Q2 MTBC Deferred Tax Offset Liabilities
DeferredTaxOffsetLiabilities
45000 usd
CY2020Q1 MTBC Threshold Deductible Interest Expenses Description
ThresholdDeductibleInterestExpensesDescription
the ability to carry back net operating losses incurred from tax years 2018 through 2020 up to the five preceding tax years.
CY2022Q2 MTBC Deferred Payroll Taxes Current
DeferredPayrollTaxesCurrent
934000 usd
CY2021Q4 MTBC Deferred Payroll Taxes Current
DeferredPayrollTaxesCurrent
934000 usd
MTBC Number Of Operating And Reportable Segments
NumberOfOperatingAndReportableSegments
2 segment
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4810000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11979000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2083000 usd
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-1230000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
5876000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
621000 usd
us-gaap Operating Expenses
OperatingExpenses
68599000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
3970000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
37228000 usd
CY2022Q2 MTBC Operating Costs
OperatingCosts
21787000 usd
CY2022Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2426000 usd
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6394000 usd
CY2022Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1098000 usd
MTBC Operating Costs
OperatingCosts
38595000 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
4094000 usd
CY2022Q2 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-630000 usd
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2936000 usd
CY2022Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
463000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
63834000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11893000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3839000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
5959000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1241000 usd
us-gaap Operating Expenses
OperatingExpenses
65621000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-1787000 usd
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34065000 usd
CY2021Q2 MTBC Operating Costs
OperatingCosts
20534000 usd
CY2021Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2204000 usd
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6269000 usd
CY2021Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1813000 usd
CY2021Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3128000 usd
CY2021Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
223000 usd
CY2021Q2 us-gaap Operating Expenses
OperatingExpenses
34171000 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-106000 usd

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