CareCloud, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

SCHEDULE OF REVENUES, OPERATING EXPENSES AND OPERATING INCOME (LOSS) BY REPORTABLE SEGMENT

		Three Months Ended March 31, 2022
		($ in thousands)
		Healthcare IT				Medical Practice Management				Unallocated Corporate Expenses				Total
Net revenue		$	32,153			$	3,188			$	—			$	35,341
Operating expenses:
Direct operating costs			20,011				2,662				—				22,673
Selling and marketing			2,376				8				—				2,384
General and administrative			3,400				437				1,748				5,585
Research and development			985				—				—				985
Change in contingent consideration			(600	)			—				—				(600	)
Depreciation and amortization			2,852				88				—				2,940
Net loss on lease termination, impairment and unoccupied lease charges			158				—				—				158
Total operating expenses			29,182				3,195				1,748				34,125
Operating income (loss)		$	2,971			$	(7	)		$	(1,748	)		$	1,216

		Three Months Ended March 31, 2021
		($ in thousands)
		Healthcare IT				Medical Practice Management				Unallocated Corporate Expenses				Total
Net revenue		$	27,033			$	2,735			$	—			$	29,768
Operating expenses:
Direct operating costs			15,987				2,073				—				18,060
Selling and marketing			1,882				8				—				1,890
General and administrative			3,426				520				1,678				5,624
Research and development			2,026				—				—				2,026
Depreciation and amortization			2,749				82				—				2,831
Impairment charges and unoccupied lease charges			1,018				—				—				1,018
Total operating expenses			27,088				2,683				1,678				31,449
Operating (loss) income		$	(55	)		$	52			$	(1,678	)		$	(1,681	)