| Schedule of Disaggregation of Revenue |
The following table
represents a disaggregation of revenue for the three and six months ended June 30:
| |
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
| |
|
2018 |
|
|
2017 |
|
|
2018 |
|
|
2017 |
|
| Medical billing revenue |
|
$ |
7,866,650 |
|
|
$ |
7,013,263 |
|
|
$ |
15,259,040 |
|
|
$ |
14,345,898 |
|
| Ancillary services |
|
|
313,454 |
|
|
|
251,104 |
|
|
|
562,091 |
|
|
|
534,761 |
|
| Printing and mailing |
|
|
301,279 |
|
|
|
294,627 |
|
|
|
649,523 |
|
|
|
641,420 |
|
| Clearinghouse and EDI services |
|
|
141,901 |
|
|
|
185,842 |
|
|
|
335,340 |
|
|
|
372,177 |
|
| EnrollmentPlus |
|
|
19,200 |
|
|
|
- |
|
|
|
102,857 |
|
|
|
- |
|
| Professional services |
|
|
40,453 |
|
|
|
39,914 |
|
|
|
81,411 |
|
|
|
110,568 |
|
| Total |
|
$ |
8,682,937 |
|
|
$ |
7,784,750 |
|
|
$ |
16,990,262 |
|
|
$ |
16,004,824 |
|
|
| Schedule of Accounts Receivable, Contract Asset and Deferred Revenue |
The opening and closing balances of the Company’s
accounts receivable, contract asset and deferred revenue are as follows:
| |
|
Accounts Receivable,
Net
|
|
|
Contract
Asset
|
|
|
Deferred Revenue (current) |
|
|
Deferred Revenue
(long term)
|
|
| Beginning balance as of January 1, 2018 |
|
$ |
3,879,463 |
|
|
$ |
1,342,692 |
|
|
$ |
62,104 |
|
|
$ |
28,615 |
|
| (Decrease) increase, net |
|
|
(441,613 |
) |
|
|
326,631 |
|
|
|
(34,429 |
) |
|
|
(403 |
) |
| Ending balance as of June 30, 2018 |
|
$ |
3,437,850 |
|
|
$ |
1,669,323 |
|
|
$ |
27,675 |
|
|
$ |
28,212 |
|
|