2023 Q1 Form 10-K Financial Statement

#000121390023019233 Filed on March 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $13.00M $19.65M $62.45M
YoY Change -5.31% -3.24% 1.89%
Cost Of Revenue $5.570M $7.200M $23.48M
YoY Change -1.07% -9.1% -8.46%
Gross Profit $7.433M $12.45M $38.97M
YoY Change -8.25% 0.51% 9.34%
Gross Profit Margin 57.17% 63.37% 62.4%
Selling, General & Admin $14.03M $26.67M $33.49M
YoY Change 23.19% 146.05% 0.9%
% of Gross Profit 188.78% 214.17% 85.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $463.9K $456.6K $2.022M
YoY Change -1.61% 18.54% 2.88%
% of Gross Profit 6.24% 3.67% 5.19%
Operating Expenses $14.50M $13.32M $51.26M
YoY Change 22.2% 13.15% 45.3%
Operating Profit -$7.063M -$864.3K -$12.29M
YoY Change 87.8% -239.17% -3503.69%
Interest Expense $665.5K $538.5K $852.3K
YoY Change 22526.47% 4919.43%
% of Operating Profit
Other Income/Expense, Net $665.5K $852.3K
YoY Change 22182300.0%
Pretax Income -$6.398M -$325.8K -$11.44M
YoY Change 70.1% -152.26% -3125.4%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$6.398M -$325.8K -$11.44M
YoY Change 70.1% -152.26% -3125.4%
Net Earnings / Revenue -49.2% -1.66% -18.32%
Basic Earnings Per Share -$0.37 -$0.64
Diluted Earnings Per Share -$0.37 -$0.02 -$0.64
COMMON SHARES
Basic Shares Outstanding 17.10M shares 17.15M shares 17.78M shares
Diluted Shares Outstanding 17.09M shares 17.78M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $73.70M $74.14M $74.14M
YoY Change -17.15% -12.45% -12.45%
Cash & Equivalents $16.44M $18.21M $18.21M
Short-Term Investments $57.26M $55.93M $55.93M
Other Short-Term Assets $4.015M $2.281M $2.281M
YoY Change -12.9% -59.49% -59.49%
Inventory
Prepaid Expenses $2.281M
Receivables $18.16M $22.16M $22.16M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $95.88M $98.58M $98.58M
YoY Change -14.92% -14.37% -14.37%
LONG-TERM ASSETS
Property, Plant & Equipment $143.9K $137.4K $372.8K
YoY Change 4.72% -70.92% -21.13%
Goodwill $22.67M $22.67M
YoY Change 53.82%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $5.050K $5.050K
YoY Change -60.73% -60.73%
Total Long-Term Assets $35.81M $36.07M $36.07M
YoY Change 40.77% 39.43% 39.43%
TOTAL ASSETS
Total Short-Term Assets $95.88M $98.58M $98.58M
Total Long-Term Assets $35.81M $36.07M $36.07M
Total Assets $131.7M $134.7M $134.7M
YoY Change -4.67% -4.49% -4.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.289M $1.550M $1.550M
YoY Change 114.55% 155.43% 155.43%
Accrued Expenses $2.125M $2.601M $2.691M
YoY Change 17.67% -13.11% -10.11%
Deferred Revenue $735.0K
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.606M $8.396M $8.396M
YoY Change 10.62% -10.38% -10.38%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $123.2K $144.5K $144.5K
YoY Change -42.13% -38.95% -38.95%
Total Long-Term Liabilities $123.2K $144.5K
YoY Change -42.13% -38.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.606M $8.396M $8.396M
Total Long-Term Liabilities $123.2K $144.5K
Total Liabilities $7.729M $8.540M $8.540M
YoY Change 9.04% -11.09% -11.09%
SHAREHOLDERS EQUITY
Retained Earnings -$53.09M -$46.69M
YoY Change 32.45%
Common Stock $18.33K $18.29K
YoY Change 2.4%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.214K $1.214K
YoY Change
Treasury Stock Shares 1.214M shares
Shareholders Equity $124.0M $126.1M $126.1M
YoY Change
Total Liabilities & Shareholders Equity $131.7M $134.7M $134.7M
YoY Change -4.67% -4.49% -4.49%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$6.398M -$325.8K -$11.44M
YoY Change 70.1% -152.26% -3125.4%
Depreciation, Depletion And Amortization $463.9K $456.6K $2.022M
YoY Change -1.61% 18.54% 2.88%
Cash From Operating Activities -$86.33K $2.803M $10.65M
YoY Change -102.12% -310.07% 1367.42%
INVESTING ACTIVITIES
Capital Expenditures $28.58K $178.1K $81.01K
YoY Change -297.38% -144.3% -117.44%
Acquisitions $2.000M
YoY Change
Other Investing Activities -$1.326M -$18.31M -$57.93M
YoY Change 2487.11% -6143.72% 269233.57%
Cash From Investing Activities -$1.549M -$18.48M -$58.18M
YoY Change 2255.73% 18567.45% 11870.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $20.02M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$129.8K -7.439M -$18.95M
YoY Change -150.28% -802.65% -125.64%
NET CHANGE
Cash From Operating Activities -$86.33K 2.803M $10.65M
Cash From Investing Activities -$1.549M -18.48M -$58.18M
Cash From Financing Activities -$129.8K -7.439M -$18.95M
Net Change In Cash -$1.765M -23.12M -$66.47M
YoY Change -141.31% 6068.55% -189.63%
FREE CASH FLOW
Cash From Operating Activities -$86.33K $2.803M $10.65M
Capital Expenditures $28.58K $178.1K $81.01K
Free Cash Flow -$114.9K $2.625M $10.57M
YoY Change -102.81% -381.51% 788.1%

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CY2022 us-gaap Proceeds From Stock Options Exercised
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CY2021 us-gaap Proceeds From Stock Options Exercised
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CY2021 us-gaap Payment For Contingent Consideration Liability Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Use of Estimates</span></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 in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates and assumptions have been made in determining the carrying value of assets, depreciable and amortizable lives of tangible and intangible assets, the carrying value of liabilities, the valuation allowance for the deferred tax asset, the timing of revenue recognition and related revenue share expenses, and inputs used in the calculation of stock based compensation. Actual results could differ from these estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2021Q4 us-gaap Unbilled Contracts Receivable
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CY2020Q4 us-gaap Unbilled Contracts Receivable
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Reclassifications</span></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">Certain items in the previous year financial statements have been reclassified to match the current year presentation.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
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CY2021 us-gaap Provision For Doubtful Accounts
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2021 us-gaap Deferred Revenue Revenue Recognized1
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CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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CY2021 us-gaap Revenues
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Concentration of Credit Risks</span></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 maintains its cash and cash equivalents in bank deposit accounts, which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts; however, amounts in excess of the federally insured limit may be at risk if the bank experiences financial difficulties. As of December 31, 2022 and 2021 the Company had $15,669,837 and $83,312,524, respectively, in cash balances in excess of federally insured limits, primarily at Bank of America.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
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CY2021Q4 us-gaap Cash Fdic Insured Amount
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2021Q4 oprx Property Plantand Equipment Data
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CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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324349 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2021Q4 us-gaap Property Plant And Equipment Net
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CY2022 us-gaap Depreciation
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CY2021 us-gaap Depreciation
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CY2021Q4 us-gaap Goodwill
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CY2022Q4 us-gaap Goodwill
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CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
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CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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CY2021Q4 us-gaap Deferred Revenue
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CY2022 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
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CY2021 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
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218333 usd
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsWithheldAndCancelledInPeriod
31243 shares
CY2021 oprx Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Withheldand Cancelled
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CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
49494 shares
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24.57
CY2022Q4 us-gaap Common Stock Shares Authorized
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CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
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156910 shares
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CY2021 us-gaap Stock Issued During Period Value New Issues
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1214398 shares
CY2022 us-gaap Insurance Commissions
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
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CY2021Q4 us-gaap Deferred Compensation Arrangement With Individual Shares Authorized For Issuance
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CY2022Q4 us-gaap Excess Stock Shares Issued
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CY2022 oprx Common Stock Restricted Stock Unit
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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921946 shares
CY2022 oprx Fair Market Value Rate
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7.33
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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23368961 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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25.43
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156910 shares
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182705 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
37.13
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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31.14
CY2022 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
250684 shares
CY2022 oprx Share Based Compensation Arrangements By Share Based Payment Award Options Exercisable In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisableInPeriodWeightedAverageExercisePrice
33.82
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
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CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
538652 usd
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
586276 shares
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
42.01
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
862938 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
25.43
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
223323 shares
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
35.04
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
169705 shares
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
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SharebasedCompensationArrangementBySharebasedPaymentRestrictedStockAwardsWeightedAverageGrantDateFairValueOutstandingEnding
52.99
CY2021 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted
467043 shares
CY2022 oprx Sharebased Compensation Arrangement By Sharebased Payment Restricted Stock Awards Weighted Average Grant Date Fair Value Granted
SharebasedCompensationArrangementBySharebasedPaymentRestrictedStockAwardsWeightedAverageGrantDateFairValueGranted
25.69
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
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GrantDateFairValueForfeited
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SharebasedCompensationArrangementBySharebasedPaymentRestrictedStockAwardsSharesVestedAndIssued
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CY2022 oprx Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instrumentswithheldandcancelled
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SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
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CY2022 oprx Granted Restricted Stock Description
GrantedRestrictedStockDescription
The Company granted restricted stock units of 467,043 and 303,556 units in 2022 and 2021, respectively, and valued at $11,996,111 and $20,125,861, respectively. These restricted stock units vest over a period of 1 year to 5 years. The Company recognized expense of $10,789,203 and $2,532,091 in 2022 and 2021, respectively, related to these restricted stock units.
CY2022 oprx Restricted Stock Granted Remains Value
RestrictedStockGrantedRemainsValue
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CY2022 oprx Remains To Be Recognized Over A Period
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CY2022 oprx Cumulative Net Shares Issued Surrendered
CumulativeNetSharesIssuedSurrendered
31243 shares
CY2022 oprx Cumulative Net Shares Issued Cancelled
CumulativeNetSharesIssuedCancelled
100290 shares
CY2021 oprx Restricted Stock Units Description
RestrictedStockUnitsDescription
Of the restricted stock units issued in 2021, 182,938 are market-based awards that vest if the Company’s stock price hits certain price targets and maintains that price for 30 days. A total of 60,191, 60,191, and 62,016 units vest if the stock price hits $98.87, $131.82, and $164.78, respectively. As described in Note 2, these market-based restricted stock units were valued using a Monte Carlo simulation model, with expected vesting in 1.60, 2.25, and 2.71 years, respectively, for the three price targets. During the year ended December 31, 2022, we granted certain performance based stock units, the expense for which will be recorded over time once the achievement of the performance is deemed probable.
CY2022Q4 us-gaap Shares Issued
SharesIssued
4730 shares
CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
250085 usd
CY2022 oprx Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodGross
3715 shares
CY2022 oprx Stock Issued During Period Shares Restricted Stocks Award Gross
StockIssuedDuringPeriodSharesRestrictedStocksAwardGross
26470 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
750130 usd
CY2022 oprx Operating Leases Expires Period
OperatingLeasesExpiresPeriod
2023-11-30
CY2022 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
We have assumed renewal of the lease. We also had a lease on office space in Cranbury, New Jersey, which expired in January 2022 with a monthly payment of $3,158, as well as a lease of approximately $1,883 per month in Zagreb, Croatia expiring in 2024.
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2022 us-gaap Lease Cost
LeaseCost
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CY2021 us-gaap Lease Cost
LeaseCost
184680 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
70224 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
248686 usd
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LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
14252 usd
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TotalLeaseLiabilities
234434 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M12D
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OperatingLeaseWeightedAverageDiscountRatePercent
0.045 pure
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MeasurementOfLeaseLiabilities
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101433 usd
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OperatingLeaseLeaseIncomeLeasePayments
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OperatingLeaseRightOfUseAssetAmortizationExpense
121129 usd
CY2022 oprx Concentration Risk Percentage
ConcentrationRiskPercentage
0.10 pure
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DeferredTaxLiabilitiesDeferredExpenseCapitalizedResearchAndDevelopmentCosts
789000 usd
CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
126000 usd
CY2022 us-gaap Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
As of December 31, 2022, the Company had net operating loss (“NOLs”) carry-forwards for federal income tax purposes of approximately $21.5 million, consisting of pre-2018 losses in the amount of approximately $8.2 million that expire from 2022 through 2037, and post-2017 losses in the amount of approximately $13.3 million that will never expire.
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
2402000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-79000 usd
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FederalIncomeTaxStateTaxEffectNetOfFederalBenefit
545000 usd
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FederalIncomeTaxStateTaxEffectNetOfFederalBenefit
979000 usd
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FederalIncomeTaxOptionExerciseBenefitsNetOfSection162MLimitations
-268000 usd
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FederalIncomeTaxOptionExerciseBenefitsNetOfSection162MLimitations
2171000 usd
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FederalIncomeTaxOtherAdjustments
221000 usd
CY2021 oprx Federal Income Tax Other Adjustments
FederalIncomeTaxOtherAdjustments
-30000 usd
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FederalIncomeTaxNetOperatingLossExpiring
-26000 usd
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FederalIncomeTaxExpensesBenefitValueAllowance
-2900000 usd
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FederalIncomeTaxExpensesBenefitValueAllowance
-3006000 usd
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21 pure
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
5545000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
6887000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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3953000 usd
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CY2022Q4 oprx Deferred Tax Assets Operating Lease Liability
DeferredTaxAssetsOperatingLeaseLiability
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CY2021Q4 oprx Deferred Tax Assets Operating Lease Liability
DeferredTaxAssetsOperatingLeaseLiability
88000 usd
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DeferredTaxAssetsPropertyPlantAndEquipment
13000 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
16000 usd
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
85000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
7882000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
2102000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
2490000 usd
CY2022Q4 oprx Deferred Tax Liabilities Operating Lease Right Of Use Assets
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAssets
-63000 usd
CY2021Q4 oprx Deferred Tax Liabilities Operating Lease Right Of Use Assets
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAssets
-88000 usd
CY2022Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
-106000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
-59000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
-42000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2330000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2620000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
8162000 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
5262000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
8162000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5262000 usd
CY2022 oprx Underpayment Percentage
UnderpaymentPercentage
0.10 pure
CY2022 oprx Future Minimum Payments
FutureMinimumPayments
16400000 usd
CY2022 us-gaap Description Of Defined Contribution Pension And Other Postretirement Plans
DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans
Under the terms of the plan, the Company matches 100% of the first 3% of payroll contributed by the employee and 50% of the next 2% of payroll contributed by the employee to a maximum of 4% of an employee’s payroll.
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
489780 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
343221 usd
CY2022 dei City Area Code
CityAreaCode
248
CY2022 dei Local Phone Number
LocalPhoneNumber
651-6568
CY2021Q4 us-gaap Short Term Investments
ShortTermInvestments
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CY2022Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
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CY2021Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
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CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
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PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2022 us-gaap Payment For Contingent Consideration Liability Financing Activities
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CY2022 us-gaap Interest Paid Net
InterestPaidNet
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CY2021 us-gaap Interest Paid Net
InterestPaidNet
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CY2021 oprx Reduction Of Evince Med Purchase Price For Amounts Previously Paid
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CY2021 oprx Shares Issued In Connection With Acquisitions
SharesIssuedInConnectionWithAcquisitions
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CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2022 us-gaap Dilutive Securities
DilutiveSecurities
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CY2022 oprx Effect Of Dilutive Securities Shares
EffectOfDilutiveSecuritiesShares
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CY2022 oprx Effect Of Dilutive Securities Per Share Amount
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CY2021 oprx Effect Of Dilutive Securities Per Share Amount
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CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
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CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2022Q4 us-gaap Goodwill Not Allocated Amount
GoodwillNotAllocatedAmount
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CY2022Q4 oprx Federal Income Tax Net Operating Loss Expiring
FederalIncomeTaxNetOperatingLossExpiring
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CY2022 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
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CY2021 us-gaap Federal Income Tax Expense Benefit Continuing Operations
FederalIncomeTaxExpenseBenefitContinuingOperations
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CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2022 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
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CY2021 us-gaap Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Research And Development Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedResearchAndDevelopmentCosts
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CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
10492000 usd
CY2021Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
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CY2022 oprx Deferred Tax Asset Net Of Valuation Allowance
DeferredTaxAssetNetOfValuationAllowance
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CY2021 oprx Deferred Tax Asset Net Of Valuation Allowance
DeferredTaxAssetNetOfValuationAllowance
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CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001448431

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