| Schedule of Revenues, Operating Expenses and Operating Income (Loss) by Reportable Segment |
The following table presents revenues, operating expenses and operating income (loss) by reportable segment:
| |
|
Six Months Ended June 30, 2019 |
|
| |
|
Healthcare IT |
|
|
Practice
Management |
|
|
Unallocated
Corporate Expenses |
|
|
Total |
|
| Net revenue |
|
$ |
25,580,319 |
|
|
$ |
6,249,391 |
|
|
$ |
- |
|
|
$ |
31,829,710 |
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Direct operating costs |
|
|
16,403,912 |
|
|
|
4,840,023 |
|
|
|
- |
|
|
|
21,243,935 |
|
| Selling and marketing |
|
|
726,147 |
|
|
|
17,809 |
|
|
|
- |
|
|
|
743,956 |
|
| General and administrative |
|
|
5,757,549 |
|
|
|
955,760 |
|
|
|
2,592,521 |
|
|
|
9,305,830 |
|
| Research and development |
|
|
473,064 |
|
|
|
- |
|
|
|
- |
|
|
|
473,064 |
|
| Change in contingent consideration |
|
|
(64,203 |
) |
|
|
- |
|
|
|
- |
|
|
|
(64,203 |
) |
| Depreciation and amortization |
|
|
1,435,071 |
|
|
|
157,830 |
|
|
|
- |
|
|
|
1,592,901 |
|
| Total operating expenses |
|
|
24,731,540 |
|
|
|
5,971,422 |
|
|
|
2,592,521 |
|
|
|
33,295,483 |
|
| Operating income (loss) |
|
$ |
848,779 |
|
|
$ |
277,969 |
|
|
$ |
(2,592,521 |
) |
|
$ |
(1,465,773 |
) |
| |
|
Three Months Ended June 30, 2019 |
|
| |
|
Healthcare IT |
|
|
Practice
Management |
|
|
Unallocated
Corporate Expenses |
|
|
Total |
|
| Net revenue |
|
$ |
13,460,575 |
|
|
$ |
3,288,924 |
|
|
$ |
- |
|
|
$ |
16,749,499 |
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Direct operating costs |
|
|
8,929,458 |
|
|
|
2,466,937 |
|
|
|
- |
|
|
|
11,396,395 |
|
| Selling and marketing |
|
|
374,196 |
|
|
|
8,361 |
|
|
|
- |
|
|
|
382,557 |
|
| General and administrative |
|
|
3,295,146 |
|
|
|
559,390 |
|
|
|
1,289,218 |
|
|
|
5,143,754 |
|
| Research and development |
|
|
218,408 |
|
|
|
- |
|
|
|
- |
|
|
|
218,408 |
|
| Depreciation and amortization |
|
|
757,084 |
|
|
|
79,077 |
|
|
|
- |
|
|
|
836,161 |
|
| Total operating expenses |
|
|
13,574,292 |
|
|
|
3,113,765 |
|
|
|
1,289,218 |
|
|
|
17,977,275 |
|
| Operating (loss) income |
|
$ |
(113,717 |
) |
|
$ |
175,159 |
|
|
$ |
(1,289,218 |
) |
|
$ |
(1,227,776 |
) |
|