Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Shareholders' Equity (Unaudited)

v3.20.2
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Accumulated Other Comprehensive Loss [Member]
Treasury (Common) Stock [Member]
Total
Balance at Dec. 31, 2018 $ 2,136 $ 12,571 $ 65,142,460 $ (24,203,745) $ (1,421,068) $ (662,000) $ 38,870,354
Balance, shares at Dec. 31, 2018 2,136,289 12,570,557          
Net loss (295,691) (295,691)
Foreign currency translation adjustment 209,345 209,345
Issuance of stock under the Amended and Restated Equity Incentive Plan $ 26 $ 180 (206)
Issuance of stock under the Amended and Restated Equity Incentive Plan, shares 26,160 179,984          
Stock-based compensation, net of cash settlements 523,556 523,556
Tax withholding obligations on stock issued to employees (800,271) (800,271)
Preferred stock dividends (1,492,700) (1,492,700)
Balance at Mar. 31, 2019 $ 2,162 $ 12,751 63,372,839 (24,499,436) (1,211,723) (662,000) 37,014,593
Balance, shares at Mar. 31, 2019 2,162,449 12,750,541          
Balance at Dec. 31, 2018 $ 2,136 $ 12,571 65,142,460 (24,203,745) (1,421,068) (662,000) 38,870,354
Balance, shares at Dec. 31, 2018 2,136,289 12,570,557          
Net loss             (1,204,207)
Foreign currency translation adjustment [1]             148,774
Preferred stock dividends             (4,582,239)
Balance at Sep. 30, 2019 $ 2,308 $ 12,953 64,743,714 (25,407,952) (1,272,294) (662,000) 37,416,729
Balance, shares at Sep. 30, 2019 2,307,633 12,953,122          
Balance at Mar. 31, 2019 $ 2,162 $ 12,751 63,372,839 (24,499,436) (1,211,723) (662,000) 37,014,593
Balance, shares at Mar. 31, 2019 2,162,449 12,750,541          
Net loss (770,972) (770,972)
Foreign currency translation adjustment (762,563) (762,563)
Issuance of stock under the Amended and Restated Equity Incentive Plan $ 18 (18)
Issuance of stock under the Amended and Restated Equity Incentive Plan, shares 18,500          
Stock-based compensation, net of cash settlements 473,387 473,387
Tax withholding obligations on stock issued to employees (58,536) (58,536)
Preferred stock dividends (1,486,706) (1,486,706)
Balance at Jun. 30, 2019 $ 2,162 $ 12,769 62,300,966 (25,270,408) (1,974,286) (662,000) 34,409,203
Balance, shares at Jun. 30, 2019 2,162,449 12,769,041          
Net loss (137,544) (137,544)
Foreign currency translation adjustment 701,992 701,992 [1]
Issuance of stock under the equity incentive plan $ 184 (184)
Issuance of stock under the equity incentive plan, shares 184,081          
Stock-based compensation, net of cash settlements 326,803 326,803
Issuance of preferred stock, net of fees and expenses $ 146 3,718,960 3,719,106
Issuance of preferred stock, net of fees and expenses, shares 145,184            
Preferred stock dividends (1,602,831) (1,602,833)
Balance at Sep. 30, 2019 $ 2,308 $ 12,953 64,743,714 (25,407,952) (1,272,294) (662,000) 37,416,729
Balance, shares at Sep. 30, 2019 2,307,633 12,953,122          
Balance at Dec. 31, 2019 $ 2,539 $ 12,979 69,403,366 (25,075,545) (843,014) (662,000) 42,838,325
Balance, shares at Dec. 31, 2019 2,539,325 12,978,485          
Net loss (2,501,770) (2,501,770)
Foreign currency translation adjustment (590,286) (590,286)
Issuance of stock under the Amended and Restated Equity Incentive Plan $ 29 $ 129 (158)
Issuance of stock under the Amended and Restated Equity Incentive Plan, shares 28,870 129,607          
Stock-based compensation, net of cash settlements 793,606 793,606
Issuance of preferred stock in connection with CareCloud acquisition $ 760 18,999,240 19,000,000
Issuance of preferred stock in connection with CareCloud acquisition, shares 760,000          
Issuance of warrants in connection with CareCloud acquisition 300,000 300,000
Preferred stock dividends (2,642,916) (2,642,916)
Balance at Mar. 31, 2020 $ 3,328 $ 13,108 86,853,138 (27,577,315) (1,433,300) (662,000) 57,196,959
Balance, shares at Mar. 31, 2020 3,328,195 13,108,092          
Balance at Dec. 31, 2019 $ 2,539 $ 12,979 69,403,366 (25,075,545) (843,014) (662,000) 42,838,325
Balance, shares at Dec. 31, 2019 2,539,325 12,978,485          
Net loss             (8,967,870)
Foreign currency translation adjustment [1]             (292,435)
Preferred stock dividends             (10,149,641)
Balance at Sep. 30, 2020 $ 5,470 $ 13,877 138,156,729 (34,043,410) (1,135,449) (662,000) 102,335,217
Balance, shares at Sep. 30, 2020 5,470,473 13,876,887          
Balance at Mar. 31, 2020 $ 3,328 $ 13,108 86,853,138 (27,577,315) (1,433,300) (662,000) 57,196,959
Balance, shares at Mar. 31, 2020 3,328,195 13,108,092          
Net loss (4,792,505) (4,792,505)
Foreign currency translation adjustment 16,027 16,027
Issuance of stock under the Amended and Restated Equity Incentive Plan $ 5 $ 88 (93)
Issuance of stock under the Amended and Restated Equity Incentive Plan, shares 4,803 87,398          
Stock-based compensation, net of cash settlements 1,438,908 1,438,908
Issuance of preferred stock in connection with the Meridian acquisition $ 200 4,999,800 5,000,000
Issuance of preferred stock in connection with the Meridian acquisition, shares 200,000            
Issuance of preferred stock, net of fees and expenses $ 828 19,013,319 19,014,147
Issuance of preferred stock, net of fees and expenses, shares 828,000            
Issuance of warrants in connection with the Meridian acquisition     4,770,000 4,770,000
Preferred stock dividends (3,276,917) (3,276,917)
Balance at Jun. 30, 2020 $ 4,361 $ 13,196 113,798,155 (32,369,820) (1,417,273) (662,000) 79,366,619
Balance, shares at Jun. 30, 2020 4,360,998 13,195,490          
Net loss (1,673,590) (1,673,590)
Foreign currency translation adjustment 281,824 281,824 [1]
Exercise of common stock warrants $ 399 2,994,718 2,995,117
Exercise of common stock warrants, shares 399,349          
Issuance of stock under the Amended and Restated Equity Incentive Plan $ 5 $ 282 (287)
Issuance of stock under the Amended and Restated Equity Incentive Plan, shares 5,475 282,048          
Stock-based compensation, net of cash settlements 1,457,012 1,457,012
Issuance of preferred stock, net of fees and expenses $ 1,104 25,529,126 25,530,230
Issuance of preferred stock, net of fees and expenses, shares 1,104,000          
Release of preferred stock from escrow (1,392,187) (1,392,187)
Preferred stock dividends (4,229,808) (4,229,808)
Balance at Sep. 30, 2020 $ 5,470 $ 13,877 $ 138,156,729 $ (34,043,410) $ (1,135,449) $ (662,000) $ 102,335,217
Balance, shares at Sep. 30, 2020 5,470,473 13,876,887          
[1] No tax effect has been recorded as the Company recorded a valuation allowance against the tax benefit from its foreign currency translation adjustments.