| 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, |
|
| |
|
|
2019 |
|
|
|
2018 |
|
|
|
2019 |
|
|
|
2018 |
|
| Healthcare IT: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue cycle management services |
|
$ |
11,432,683 |
|
|
$ |
7,866,650 |
|
|
$ |
21,990,125 |
|
|
$ |
15,259,040 |
|
| Professional services |
|
|
383,336 |
|
|
|
59,653 |
|
|
|
718,771 |
|
|
|
184,268 |
|
| Ancillary services |
|
|
930,181 |
|
|
|
313,454 |
|
|
|
1,429,277 |
|
|
|
562,091 |
|
| Group purchasing services |
|
|
205,066 |
|
|
|
- |
|
|
|
405,113 |
|
|
|
- |
|
| Printing and mailing services |
|
|
358,440 |
|
|
|
301,279 |
|
|
|
750,100 |
|
|
|
649,523 |
|
| Clearinghouse and EDI services |
|
|
150,869 |
|
|
|
141,901 |
|
|
|
286,933 |
|
|
|
335,340 |
|
| Practice Management: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Practice management services |
|
|
3,288,924 |
|
|
|
- |
|
|
|
6,249,391 |
|
|
|
- |
|
| Total |
|
$ |
16,749,499 |
|
|
$ |
8,682,937 |
|
|
$ |
31,829,710 |
|
|
$ |
16,990,262 |
|
|
| 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 for the six months ended June 30,
2019 and 2018:
| |
|
Accounts Receivable,
Net |
|
|
Contract Asset |
|
|
Deferred Revenue (current) |
|
|
Deferred Revenue
(long term) |
|
| Beginning balance as of January 1, 2019 |
|
$ |
7,331,474 |
|
|
$ |
2,608,631 |
|
|
$ |
25,355 |
|
|
$ |
18,949 |
|
| ETM acquisition |
|
|
- |
|
|
|
139,169 |
|
|
|
- |
|
|
|
- |
|
| Increase (decrease), net |
|
|
187,466 |
|
|
|
(274,129 |
) |
|
|
(9,130 |
) |
|
|
(589 |
) |
| Ending balance as of June 30, 2019 |
|
$ |
7,518,940 |
|
|
$ |
2,473,671 |
|
|
$ |
16,225 |
|
|
$ |
18,360 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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 |
|
|