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

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document And Entity Information
Financial Statements
Notes to Financial Statements
Notes Tables
Notes Details

RESTATEMENT (Details 2)

v2.4.1.9

RESTATEMENT (Details 2) (USD $)	3 Months Ended		9 Months Ended
RESTATEMENT (Details 2) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
OPERATING ACTIVITIES:
Net loss	$ (2,840,754)us-gaap_NetIncomeLoss	$ (138,022)us-gaap_NetIncomeLoss	$ (3,513,827)us-gaap_NetIncomeLoss	$ (268,035)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:
Change in contingent consideration	(424,885)	0	(424,885)	0
Net cash used in operating activities			(2,024,504)	617,301
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES:
Acquisitions through issuance of common stock			0
Contingent consideration resulting from acquisitions			4,618,508	0
Equity resulting from acquisitions			1,601,678	0
Scenario, Previously Reported [Member]
OPERATING ACTIVITIES:
Net loss	(3,265,639)		(3,938,712)
Adjustments to reconcile net loss to net cash used in operating activities:
Change in contingent consideration	0		0
Net cash used in operating activities			(2,024,504)
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES:
Acquisitions through issuance of common stock			6,610,184
Contingent consideration resulting from acquisitions			0
Equity resulting from acquisitions			0
Restatement Adjustment [Member]
OPERATING ACTIVITIES:
Net loss	424,885		424,885
Adjustments to reconcile net loss to net cash used in operating activities:
Change in contingent consideration	(424,885)		(424,885)
Net cash used in operating activities			0
SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES:
Acquisitions through issuance of common stock			(6,610,184)
Contingent consideration resulting from acquisitions			4,618,508
Equity resulting from acquisitions			$ 1,601,678

- Definition

The amount of contingent consideration that an Entity assumes in acquiring a business or in consideration. Noncash is defined as transactions during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.

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