2022 Q4 Form 10-Q Financial Statement

#000121390022070146 Filed on November 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q4
Revenue $108.8M $104.3M $318.7M
YoY Change -65.87% 21.53%
Cost Of Revenue $66.38M $71.25M
YoY Change
Gross Profit $42.41M $33.07M
YoY Change
Gross Profit Margin 38.98% 31.7%
Selling, General & Admin $35.13M $22.28M $73.92M
YoY Change -52.48% 6264.83%
% of Gross Profit 82.82% 67.37%
Research & Development $1.722M $1.373M
YoY Change 60.67%
% of Gross Profit 4.06% 4.15%
Depreciation & Amortization $3.312M $1.151M $7.072M
YoY Change -53.17% 92.38%
% of Gross Profit 7.81% 3.48%
Operating Expenses $40.16M $100.1M $302.4M
YoY Change -86.72% 28505.92% 177773.41%
Operating Profit $2.250M $4.199M
YoY Change 176.4%
Interest Expense $365.2K -$1.404M $5.200M
YoY Change -92.98% -257.79% 25897.5%
% of Operating Profit 16.23% -33.44%
Other Income/Expense, Net -$1.030M $30.90K -$1.230M
YoY Change -16.27%
Pretax Income -$1.977M $2.868M $20.30M
YoY Change -109.74% 431.19% -13635.6%
Income Tax -$9.125M $401.9K $615.7K
% Of Pretax Income 14.01% 3.03%
Net Earnings $8.065M $2.466M $24.25M
YoY Change -66.75% 356.76% -16267.98%
Net Earnings / Revenue 7.41% 2.36% 7.61%
Basic Earnings Per Share $0.03
Diluted Earnings Per Share $0.08 $0.03 $255.7K
COMMON SHARES
Basic Shares Outstanding 102.8M shares 98.96M shares
Diluted Shares Outstanding 107.4M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $157.3M $169.6M
YoY Change 282564.58%
Cash & Equivalents $157.3M $169.6M $175.5M
Short-Term Investments
Other Short-Term Assets $10.75M $2.394M
YoY Change 941.01%
Inventory
Prepaid Expenses
Receivables $103.0M $80.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $271.1M $252.0M $256.0M
YoY Change 5.88% 86794.08% 24284.05%
LONG-TERM ASSETS
Property, Plant & Equipment $21.26M $17.58M $12.73M
YoY Change 66.94%
Goodwill $38.90M $34.53M $8.687M
YoY Change 347.8%
Intangibles $22.97M $20.65M $10.68M
YoY Change 115.11%
Long-Term Investments $598.0K $712.7K $589.1K
YoY Change 1.51% -99.38%
Other Assets $3.625M $3.095M $3.811M
YoY Change -4.87%
Total Long-Term Assets $122.2M $103.9M $53.57M
YoY Change 128.11% -9.63% -53.43%
TOTAL ASSETS
Total Short-Term Assets $271.1M $252.0M $256.0M
Total Long-Term Assets $122.2M $103.9M $53.57M
Total Assets $393.3M $355.9M $309.6M
YoY Change 27.03% 208.72% 166.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.58M $12.15M $15.83M
YoY Change 36.31% 7495.84% 158239.7%
Accrued Expenses $31.57M $38.56M $35.11M
YoY Change -10.08% 54982.96% 50058.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $1.026M
YoY Change
Long-Term Debt Due $664.9K $680.7K
YoY Change
Total Short-Term Liabilities $100.2M $71.14M $57.88M
YoY Change 73.06% 21457.11% 36072.45%
LONG-TERM LIABILITIES
Long-Term Debt $7.151M $7.543M
YoY Change
Other Long-Term Liabilities $7.041M $6.406M
YoY Change -49.24%
Total Long-Term Liabilities $14.19M $13.95M
YoY Change 10.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $100.2M $71.14M $57.88M
Total Long-Term Liabilities $14.19M $13.95M
Total Liabilities $114.4M $85.09M $82.55M
YoY Change 38.53% 557.05% 1874.78%
SHAREHOLDERS EQUITY
Retained Earnings -$28.97M -$37.04M -$63.56M
YoY Change -54.42%
Common Stock $10.24K $10.78K $10.01K
YoY Change 2.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $273.2M $264.2M $219.6M
YoY Change
Total Liabilities & Shareholders Equity $393.3M $355.9M $309.6M
YoY Change 27.03% 208.72% 166.74%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q4
OPERATING ACTIVITIES
Net Income $8.065M $2.466M $24.25M
YoY Change -66.75% 356.76% -16267.98%
Depreciation, Depletion And Amortization $3.312M $1.151M $7.072M
YoY Change -53.17% 92.38%
Cash From Operating Activities -$8.738M $7.421M -$1.087M
YoY Change 703.52% -4222.54% 338.6%
INVESTING ACTIVITIES
Capital Expenditures $1.547M -$1.993M -$6.708M
YoY Change -123.06%
Acquisitions
YoY Change
Other Investing Activities $893.2K -$33.84M -$1.921M
YoY Change -146.49% -338533.7% -98.33%
Cash From Investing Activities -$654.0K -$35.84M -$8.629M
YoY Change -92.42% -358458.8% -92.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $178.7M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.866M -436.4K 155.2M
YoY Change -104.42% 33.65%
NET CHANGE
Cash From Operating Activities -8.738M 7.421M -1.087M
Cash From Investing Activities -654.0K -35.84M -8.629M
Cash From Financing Activities -6.866M -436.4K 155.2M
Net Change In Cash -16.26M -28.85M 145.5M
YoY Change -111.17% 16871.61% 16461.73%
FREE CASH FLOW
Cash From Operating Activities -$8.738M $7.421M -$1.087M
Capital Expenditures $1.547M -$1.993M -$6.708M
Free Cash Flow -$10.28M $9.413M $5.621M
YoY Change -282.98%

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and expenses and the disclosure of contingent assets and liabilities in its financial statements and the reported amounts of expenses during the reporting period. The most significant estimates in the Company’s financial statements relate to revenue recognition related to the allowance for doubtful accounts, stock based compensation, calculations related to the incremental borrowing rate for the Company’s lease agreements, estimates related to ongoing lease terms, software development costs, impairment of long-lived assets, goodwill and indefinite-lived intangible assets, business combinations, reserve for losses within the Company’s insurance deductibles, income taxes, and deferred income tax. These estimates and assumptions are based on current facts, historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the recording of expenses that are not readily apparent from other sources.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Actual results may differ materially and adversely from these estimates. To the extent there are material differences between the estimates and actual results, the Company’s future results of operations will be affected.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
us-gaap Concentration Risk Credit Risk
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Concentration of Credit Risk and Off-Balance Sheet Risk</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company is potentially subject to concentration of credit risk with respect to its cash, cash equivalents and restricted cash, which the Company attempts to minimize by maintaining cash, cash equivalents and restricted cash with institutions of sound financial quality. At times, cash balances may exceed limits federally insured by the Federal Deposit Insurance Corporation (“FDIC”). The Company believes it is not exposed to significant credit risk due to the financial strength of the depository institutions in which the funds are held. The Company has no financial instruments with off-balance sheet risk of loss.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
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680930 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2078406 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1510563 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1460965 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1094588 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
4934074 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11759526 usd
CY2022Q3 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
2269423 usd
CY2021Q3 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
1432983 usd
CY2021Q4 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
1845193 usd
CY2022Q3 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
496660 usd
CY2021Q4 us-gaap Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
7260456 usd
CY2022Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1363138 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
4885539 usd
CY2022Q3 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
7068616 usd
CY2021Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
3539301 usd
CY2021Q4 dcgo Medicare Advance
MedicareAdvance
975415 usd
CY2022Q3 dcgo Fica Medicare Liability
FICAMedicareLiability
759232 usd
CY2021Q4 dcgo Fica Medicare Liability
FICAMedicareLiability
739629 usd
CY2022Q3 dcgo Accrued General Expenses
AccruedGeneralExpenses
7393906 usd
CY2021Q4 dcgo Accrued General Expenses
AccruedGeneralExpenses
3497418 usd
CY2022Q3 dcgo Accrued Subcontractors
AccruedSubcontractors
11259341 usd
CY2021Q4 dcgo Accrued Subcontractors
AccruedSubcontractors
9564833 usd
CY2022Q3 dcgo Accrued Fuel And Maintenance
AccruedFuelAndMaintenance
310064 usd
CY2021Q4 dcgo Accrued Fuel And Maintenance
AccruedFuelAndMaintenance
450842 usd
CY2022Q3 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
5465030 usd
CY2021Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
2259571 usd
CY2022Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
12259 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
736021 usd
CY2022Q3 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
2447997 usd
CY2021Q4 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
1143629 usd
CY2022Q3 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
1840420 usd
CY2022Q3 dcgo Credit Card Payable
CreditCardPayable
141411 usd
CY2021Q4 dcgo Credit Card Payable
CreditCardPayable
58223 usd
CY2022Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
38558074 usd
CY2021Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
35110877 usd
CY2021Q4 us-gaap Advances To Affiliate
AdvancesToAffiliate
12000000 usd
CY2021Q4 dcgo Revolving Advances Description
RevolvingAdvancesDescription
Each Revolving Advance shall bear interest at a per annum rate equal to the Wall Street Journal Prime Rate (6.25% at September 30, 2022), as the same may change from time to time, plus one percent (1.00%), but in no event less than five percent (5.00%) per annum, calculated on the basis of a 360-day year for the actual number of days in the applicable period.
CY2021Q4 us-gaap Debtor In Possession Financing Fee On Unused Borrowings
DebtorInPossessionFinancingFeeOnUnusedBorrowings
0.005 pure
CY2021Q4 us-gaap Financing Receivable Revolving
FinancingReceivableRevolving
12 usd
CY2022Q1 us-gaap Proceeds From Short Term Capital Lease Obligations
ProceedsFromShortTermCapitalLeaseObligations
1000000 usd
us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
1000000 usd
CY2022Q3 dcgo Installment Amount
InstallmentAmount
64855 usd
CY2022Q3 us-gaap Other Loans Payable
OtherLoansPayable
2136808 usd
CY2021Q4 us-gaap Other Loans Payable
OtherLoansPayable
1903288 usd
CY2022Q3 us-gaap Notes Payable
NotesPayable
2136808 usd
CY2021Q4 us-gaap Notes Payable
NotesPayable
1903288 usd
CY2022Q3 us-gaap Notes And Loans Payable Current
NotesAndLoansPayableCurrent
680703 usd
CY2021Q4 us-gaap Notes And Loans Payable Current
NotesAndLoansPayableCurrent
600449 usd
CY2022Q3 us-gaap Long Term Notes Payable
LongTermNotesPayable
1456105 usd
CY2021Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
1302839 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
69804 usd
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
61324 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due In Next Rolling Twelve Months
FinanceLeaseLiabilityPaymentsDueInNextRollingTwelveMonths
137959 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
582722 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Three
FinanceLeaseLiabilityPaymentsDueInRollingYearThree
446812 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Four
FinanceLeaseLiabilityPaymentsDueInRollingYearFour
386785 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due In Rolling Year Five
FinanceLeaseLiabilityPaymentsDueInRollingYearFive
311769 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due In Rolling After Year Five
FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFive
270761 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
2136808 usd
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
680703 usd
CY2022Q3 us-gaap Other Notes Payable
OtherNotesPayable
1456105 usd
CY2022Q3 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
104319894 usd
CY2022Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
4199190 usd
CY2022Q3 dcgo Total Assets
TotalAssets
355920210 usd
CY2022Q3 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
3014864 usd
CY2022Q3 dcgo Stock Compensation
StockCompensation
1111203 usd
CY2022Q3 us-gaap Noncurrent Assets
NoncurrentAssets
72758983 usd
CY2021Q3 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
85838988 usd
CY2021Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1519218 usd
CY2021Q3 dcgo Total Assets
TotalAssets
144078865 usd
CY2021Q3 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
2019576 usd
CY2021Q3 dcgo Stock Compensation
StockCompensation
463046 usd
CY2021Q3 us-gaap Noncurrent Assets
NoncurrentAssets
27894236 usd
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
331730750 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
21751512 usd
CY2022Q3 dcgo Total Assets
TotalAssets
355920210 usd
us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
7253656 usd
dcgo Stock Compensation
StockCompensation
4533759 usd
CY2022Q3 us-gaap Noncurrent Assets
NoncurrentAssets
72758983 usd
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
197394379 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-95984 usd
CY2021Q3 dcgo Total Assets
TotalAssets
144078865 usd
us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
5514303 usd
dcgo Stock Compensation
StockCompensation
1224580 usd
CY2021Q3 us-gaap Noncurrent Assets
NoncurrentAssets
27894236 usd
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
40000000 usd
CY2022Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
70000 shares
CY2022Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
498000 usd
CY2019Q2 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2029-06-06
CY2022Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
16607894 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P10Y
CY2022Q3 dcgo Share Based Compensation Arrangement By Share Based Payment Award Option Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionVestedAndExpectedToVestExercisableNumber
2500000 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.65 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8422972 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.21
CY2021Q4 dcgo Weighted Average Remaining Contractual Life In Years
WeightedAverageRemainingContractualLifeInYears
P8Y9M7D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
24706020 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2183026 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
5.92
dcgo Weighted Average Remaining Contractual Life In Years Granted Vested During The Year
WeightedAverageRemainingContractualLifeInYearsGrantedVestedDuringTheYear
P9Y25D
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1637159 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
2.04
dcgo Weighted Average Remaining Contractual Life In Years Exercised During The Year
WeightedAverageRemainingContractualLifeInYearsExercisedDuringTheYear
P5Y5M19D
dcgo Share Based Compensation Arrangement By Shares Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementBySharesBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
706642 shares
dcgo Share Based Compensation Arrangements By Share Based Payment Award Options Expiration In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationInPeriodWeightedAverageExercisePrice
7.71
dcgo Weighted Average Remaining Contractual Life In Years Cancelled During The Year
WeightedAverageRemainingContractualLifeInYearsCancelledDuringTheYear
P8Y9M25D
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8262197 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.04
CY2022Q3 dcgo Weighted Average Remaining Contractual Life In Years
WeightedAverageRemainingContractualLifeInYears
P8Y8M19D
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
22950815 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
2502717 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
6.11
dcgo Weighted Average Remaining Contractual Life In Years Options Vested And Exercisable
WeightedAverageRemainingContractualLifeInYearsOptionsVestedAndExercisable
P8Y3M18D
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
10010617 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.92
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.8
dcgo Stock Option Awards Granted
StockOptionAwardsGranted
27812078 usd
CY2021 dcgo Stock Option Awards Granted
StockOptionAwardsGranted
20792804 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P3Y8M23D
CY2021Q4 dcgo Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number Rs Us Balance
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumberRSUsBalance
50192 shares
CY2021Q4 dcgo Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Balance
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageBalance
9.97
dcgo Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number Rs Us Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumberRSUsGranted
146853 shares
dcgo Weighted Average Grant Date Fair Value Per Rsu Granted
WeightedAverageGrantDateFairValuePerRSUGranted
7.15
CY2022Q3 dcgo Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number Rs Us Vested
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumberRSUsVested
-16645 shares
dcgo Weighted Average Grant Date Fair Value Per Rsu Vested
WeightedAverageGrantDateFairValuePerRSUVested
9.97
CY2022Q3 dcgo Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number Rs Us Balance
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumberRSUsBalance
180400 shares
CY2022Q3 dcgo Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Balance
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageBalance
7.67
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
180400 shares
dcgo Weighted Average Grant Date Fair Value Per Rsu Nonvested
WeightedAverageGrantDateFairValuePerRSUNonvested
7.67
dcgo Total Grantdate Fair Value
TotalGrantdateFairValue
1049999 usd
dcgo Stockbased Compensation Expense
StockbasedCompensationExpense
177840 usd
CY2022Q3 dcgo Unrecognized Compensation Cost
UnrecognizedCompensationCost
1241163 usd
dcgo Weightedaverage Period
WeightedaveragePeriod
P3Y1M6D
CY2019Q1 us-gaap Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
0.06 pure
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
626188 usd
CY2021Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
508128 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
1517541 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
1446067 usd
CY2022Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
334619 usd
CY2021Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
62653 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
863316 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
256448 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
960807 usd
CY2021Q3 us-gaap Lease Cost
LeaseCost
570781 usd
us-gaap Lease Cost
LeaseCost
2380857 usd
us-gaap Lease Cost
LeaseCost
1702515 usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8185547 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4195682 usd
CY2022Q3 dcgo Operating Lease Assets
OperatingLeaseAssets
8185547 usd
CY2021Q4 dcgo Operating Lease Assets
OperatingLeaseAssets
4195682 usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2059278 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1461335 usd
CY2022Q3 dcgo Lease Liability Net Of Non Current Portion
LeaseLiabilityNetOfNonCurrentPortion
6406246 usd
CY2021Q4 dcgo Lease Liability Net Of Non Current Portion
LeaseLiabilityNetOfNonCurrentPortion
2980946 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
8465524 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4442281 usd
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y2M19D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.06 pure
CY2022Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
960807 usd
CY2021Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
570781 usd
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2380857 usd
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1702515 usd
CY2022Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
626188 usd
CY2022Q3 dcgo Financing Lease Payments
FinancingLeasePayments
672975 usd
CY2021Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
519716 usd
CY2021Q3 dcgo Financing Lease Payments
FinancingLeasePayments
725233 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1517541 usd
dcgo Financing Lease Payments
FinancingLeasePayments
2146857 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
1446067 usd
dcgo Financing Lease Payments
FinancingLeasePayments
1972283 usd
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
8945489 usd
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
10139410 usd
CY2022Q3 dcgo Accumulated Depreciation
AccumulatedDepreciation
9662686 usd
CY2021Q4 dcgo Accumulated Depreciation
AccumulatedDepreciation
7095242 usd
CY2022Q3 dcgo Depreciation Expenses
DepreciationExpenses
873713 usd
CY2021Q3 dcgo Depreciation Expenses
DepreciationExpenses
752313 usd
dcgo Depreciation Expenses
DepreciationExpenses
2391989 usd
dcgo Depreciation Expenses
DepreciationExpenses
2109770 usd
us-gaap Other Nonoperating Gains Losses
OtherNonoperatingGainsLosses
1400000 usd
CY2022Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
672975 usd
CY2021Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
717891 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2146857 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1972283 usd
CY2022Q3 us-gaap Lease Income
LeaseIncome
672975 usd
CY2021Q3 us-gaap Lease Income
LeaseIncome
717891 usd
us-gaap Lease Income
LeaseIncome
2146857 usd
us-gaap Lease Income
LeaseIncome
1972283 usd
CY2022Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
9421196 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
9307113 usd
CY2022Q3 dcgo Finance Lease Assets
FinanceLeaseAssets
9421196 usd
CY2021Q4 dcgo Finance Lease Assets
FinanceLeaseAssets
9307113 usd
CY2022Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2858968 usd
CY2021Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
3271990 usd
CY2022Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
6086521 usd
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
6867420 usd
CY2022Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
8945489 usd
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
10139410 usd
CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y11M1D
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
2375470 usd
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2022Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0601 pure
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
676878 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1880974 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1897247 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1499654 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
1418692 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
9748915 usd
CY2022Q3 dcgo Lessee Operating Lease Liability Discounted Excess Amount
LesseeOperatingLeaseLiabilityDiscountedExcessAmount
-1283391 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8465524 usd
us-gaap Other Operating Income
OtherOperatingIncome
1.8 usd
us-gaap Payments For Commissions
PaymentsForCommissions
261185 usd
us-gaap Payments For Commissions
PaymentsForCommissions
186075 usd
us-gaap Payments For Commissions
PaymentsForCommissions
704593 usd
us-gaap Payments For Commissions
PaymentsForCommissions
476293 usd
us-gaap Payments To Employees
PaymentsToEmployees
118645 usd
us-gaap Payments To Employees
PaymentsToEmployees
92359 usd
us-gaap Payments To Employees
PaymentsToEmployees
364844 usd
us-gaap Payments To Employees
PaymentsToEmployees
592417 usd
CY2022Q3 us-gaap Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
118604 usd
CY2021Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
94636 usd
CY2022Q3 dcgo Income Tax Expensebenefit
IncomeTaxExpensebenefit
401906 usd
CY2021Q3 dcgo Income Tax Expensebenefit
IncomeTaxExpensebenefit
604608 usd
dcgo Income Tax Expensebenefit
IncomeTaxExpensebenefit
1163755 usd
dcgo Income Tax Expensebenefit
IncomeTaxExpensebenefit
613531 usd
CY2021Q3 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
usd
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
usd
CY2021Q3 dcgo Income Loss From Equity Methods Investments
IncomeLossFromEquityMethodsInvestments
usd
CY2022Q3 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
1000000 usd
CY2021Q4 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
1000000 usd
CY2021Q2 us-gaap Administrative Fees Expense
AdministrativeFeesExpense
1000000 usd
CY2020Q2 us-gaap Proceeds From Fees Received
ProceedsFromFeesReceived
2397024 usd
us-gaap Long Term Debt Maturities Repayment Terms
LongTermDebtMaturitiesRepaymentTerms
11 months
dcgo Medicare Payment Percentage
MedicarePaymentPercentage
0.25 pure
dcgo Medicare Accelerated Payments Description
MedicareAcceleratedPaymentsDescription
At the end of the eleven-month period, recoupment will increase to 50% for six months. At the end of the six months (or 29 months from the receipt of the initial accelerated payment), Medicare will issue a letter for full repayment of any remaining balance, as applicable. In such event, if payment is not received within 30 days, interest will accrue at the annual percentage rate of four percent (4%) from the date the letter was issued and will be assessed for each full 30-day period that the balance remains unpaid.
CY2021Q4 dcgo Medicare Accelerated Payments
MedicareAcceleratedPayments
975415 usd
CY2022Q3 dcgo Medicare Accelerated Payments
MedicareAcceleratedPayments
975415 usd
us-gaap Subsequent Event Description
SubsequentEventDescription
On November 1, 2022, the Company entered into a revolving loan and security agreement with two banks, with one bank as the administrative agent (the “Lenders”), with a maximum revolving advance amount of $90,000,000. The revolving facility includes the ability for the Company to request an increase to the commitment by an additional up to $50,000,000, though no Lender (nor the Lenders collectively) are obligated to increase their respective commitments. Borrowings under the revolving facility bear interest at a per annum rate equal to, (i) at the Company’s option, the (x) the base rate or (y) the adjusted term SOFR rate, plus (ii) the applicable margin. The applicable margins are based on the Company’s consolidated net leverage ratio, adjusted on a quarterly basis. The initial applicable margins are 1.25% for an adjusted term SOFR loan and 0.25% for a base rate loan and will be updated based on the consolidated net leverage ratio reported in the compliance certificate.
dcgo Income Loss From Equity Methods Investments
IncomeLossFromEquityMethodsInvestments
usd
CY2022Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
usd
CY2021Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
usd
CY2022Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
usd
CY2021Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
usd
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
usd
CY2021Q1 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
usd
CY2022Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
usd
CY2022Q3 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
usd
us-gaap Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
usd
dcgo Due To Seller
DueToSeller
usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
usd
us-gaap Stock Issued1
StockIssued1
usd
dcgo Gain From Ppp Loan Forgiveness
GainFromPPPLoanForgiveness
usd
CY2022Q3 dcgo Medicare Advance
MedicareAdvance
usd
CY2022Q3 us-gaap Deposits Received For Securities Loaned At Carrying Value
DepositsReceivedForSecuritiesLoanedAtCarryingValue
usd
CY2021Q4 us-gaap Deposits Received For Securities Loaned At Carrying Value
DepositsReceivedForSecuritiesLoanedAtCarryingValue
usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
usd
dcgo Aggregate Intrinsic Value Exercised During The Year
AggregateIntrinsicValueExercisedDuringTheYear
usd
dcgo Share Based Compensation Arrangement By Share Based Payment Award Options Forfeiture And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitureAndExpirationsInPeriod
usd
dcgo Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number Rs Us Forfeited
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumberRSUsForfeited
shares
dcgo Weighted Average Grant Date Fair Value Per Rsu Forfeited
WeightedAverageGrantDateFairValuePerRSUForfeited
dcgo Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number Rs Us Vested And Unissued
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumberRSUsVestedAndUnissued
shares
dcgo Weighted Average Grant Date Fair Value Per Rsu Vested And Unissued
WeightedAverageGrantDateFairValuePerRSUVestedAndUnissued
CY2022Q3 us-gaap Short Term Lease Payments
ShortTermLeasePayments
usd
CY2021Q3 us-gaap Short Term Lease Payments
ShortTermLeasePayments
usd
us-gaap Short Term Lease Payments
ShortTermLeasePayments
usd
us-gaap Debt Conversion Original Debt Due Date Of Debt Year
DebtConversionOriginalDebtDueDateOfDebtYear
2026
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001822359

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dcgo-20220930_def.xml Edgar Link unprocessable
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