Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Tables)

v3.21.2
SEGMENT REPORTING (Tables)
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
SCHEDULE OF REVENUES, OPERATING EXPENSES AND OPERATING INCOME (LOSS) BY REPORTABLE SEGMENT

    Six Months Ended June 30, 2021  
    ($ in thousands)  
    Healthcare IT     Medical
Practice
Management 		   

Unallocated
Corporate

Expenses

     Total  
Net revenue   $ 58,119     $ 5,715     $ -     $ 63,834  
Operating expenses:                                
Direct operating costs     34,149       4,446       -       38,595  
Selling and marketing     4,079       15       -       4,094  
General and administrative     6,839       1,016       4,038       11,893  
Research and development     3,839       -       -       3,839  
Depreciation and amortization     5,792       167       -       5,959  
Impairment and unoccupied lease charges     1,241       -       -       1,241  
Total operating expenses     55,939       5,644       4,038       65,621  
Operating (loss) income   $ 2,180     $ 71     $ (4,038 )   $ (1,787 )

 

    Three Months Ended June 30, 2021  
    ($ in thousands)  
    Healthcare IT     Medical
Practice
Management		     Unallocated
Corporate
Expenses		     Total  
Net revenue   $ 31,085     $ 2,980     $ -     $ 34,065  
Operating expenses:                                
Direct operating costs     18,161       2,373       -       20,534  
Selling and marketing     2,197       7       -       2,204  
General and administrative     3,411       497       2,361       6,269  
Research and development     1,813       -       -       1,813  
Depreciation and amortization     3,043       85       -       3,128  
Impairment and unoccupied lease charges     223       -       -       223  
Total operating expenses     28,848       2,962       2,361       34,171  
Operating (loss) income   $ 2,237     $ 18     $ (2,361 )   $ (106 )

 

    Six Months Ended June 30, 2020  
    ($ in thousands)  
    Healthcare IT     Medical
Practice
Management		     Unallocated Corporate Expenses     Total  
Net revenue   $ 35,967     $ 5,479     $ -     $ 41,446  
Operating expenses:                                
Direct operating costs     21,927       4,196       -       26,123  
Selling and marketing     3,189       17       -       3,206  
General and administrative     6,894       1,025       3,067       10,986  
Research and development     4,479       -       -       4,479  
Depreciation and amortization     3,579       159       -       3,738  
Impairment charges     361       -       -       361  
Total operating expenses     40,429       5,397       3,067       48,893  
Operating (loss) income   $ (4,462 )   $ 82     $ (3,067 )   $ (7,447 )

 

    Three Months Ended June 30, 2020  
    ($ in thousands)  
    Healthcare IT     Medical
Practice
Management 		    Unallocated Corporate Expenses     Total  
Net revenue   $ 17,126     $ 2,453     $ -     $ 19,579  
Operating expenses:                                
Direct operating costs     10,761       1,796       -       12,557  
Selling and marketing     1,617       8       -       1,625  
General and administrative     3,014       468       1,911       5,393  
Research and development     2,146       -       -       2,146  
Depreciation and amortization     2,325       80       -       2,405  
Impairment charges     63       -       -       63  
Total operating expenses     19,926       2,352       1,911       24,189  
Operating (loss) income   $ (2,800 )   $ 101     $ (1,911 )   $ (4,610 )