Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Shareholders' Equity

v3.22.0.1
Consolidated Statements of Shareholders' Equity - USD ($)
$ in Thousands
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Treasury Stock [Member]
Total
Beginning balance at Dec. 31, 2019 $ 2 $ 13 $ 69,403 $ (25,076) $ (843) $ (662) $ 42,837
Beginning balance, shares at Dec. 31, 2019 2,539,325 12,978,485          
Net income (loss) (8,813) (8,813)
Foreign currency translation adjustment (161) (161) [1]
Issuance of stock under the equity incentive plan
Issuance of stock under the equity incentive plan, shares 43,954 549,210          
Issuance of preferred stock, net of fees and expenses $ 2 44,541 44,543
Issuance of preferred stock, net of fees and expenses, shares 1,932,000            
Issuance of preferred stock in connection with the CareCloud and Meridian acquisitions $ 1 22,603 22,604
Issuance of preferred stock in connection with the CareCloud and Meridian acquisitions, shares 960,000            
Issuance of warrants in connection with the CareCloud and Meridian acquisitions 5,070 5,070
Exercise of common stock warrants $ 1 4,449 4,450
Exercise of common stock warrants, shares   593,349          
Stock-based compensation, net of cash settlements 4,592 4,592
Tax withholding obligations on stock issued to employees
Preferred stock dividends (13,877) (13,877)
Ending balance at Dec. 31, 2020 $ 5 $ 14 136,781 (33,889) (1,004) (662) 101,245
Ending balance, shares at Dec. 31, 2020 5,475,279 14,121,044          
Net income (loss) 2,836 2,836
Foreign currency translation adjustment (750) (750) [1]
Issuance of stock under the equity incentive plan
Issuance of stock under the equity incentive plan, shares 39,770 332,208          
Cancellation of shares held in escrow
Cancellation of shares held in escrow, shares (215,822)            
Settlement of contingent liability (4,000) (4,000)
Sale of common stock $ 1 2,730 2,731
Sale of common stock, shares   346,389          
Exercise of common stock warrants $ 1 6,434 6,435
Exercise of common stock warrants, shares   858,000          
Stock-based compensation, net of cash settlements 3,486 3,486
Preferred stock dividends (14,052) (14,052)
Ending balance at Dec. 31, 2021 $ 5 $ 16 $ 131,379 $ (31,053) $ (1,754) $ (662) $ 97,931
Ending balance, shares at Dec. 31, 2021 5,299,227 15,657,641          
[1] No tax effect has been recorded as the Company recorded a valuation allowance against the tax benefit from its foreign currency translation adjustments.