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

Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

DISCLOSURE OF SHARE-BASED COMPENSATION ARRANGEMENTS BY SHARE-BASED PAYMENT AWARD

The following table summarizes the RSU transactions related to the common and preferred stock under the A&R Plan for the six months ended June 30, 2023 and 2022:

	Common Stock			Series A Preferred Stock			Series B Preferred Stock
Outstanding and unvested shares at January 1, 2023		645,475			-			80,462
Granted		553,191			-			62,000
Vested		(520,770	)		-			(66,263	)
Forfeited		(29,744	)		-			-
Outstanding and unvested shares at June 30, 2023		648,152			-			76,199

Outstanding and unvested shares at January 1, 2022		418,039			34,000			-
Granted		362,756			-			44,000
Vested		(234,874	)		(34,000	)		(10,000	)
Forfeited		(35,870	)		-			-
Outstanding and unvested shares at June 30, 2022		510,051			-			34,000

SCHEDULE OF EMPLOYEE SERVICE SHARE-BASED COMPENSATION, ALLOCATION OF RECOGNIZED PERIOD COSTS

The following table summarizes the components of share-based compensation expense for the three and six months ended June 30, 2023 and 2022:

Stock-based compensation included in the consolidated statements of operations:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	($ in thousands)
Direct operating costs	$	300	$	201	$	388	$	418
General and administrative		848		765		1,453		1,145
Research and development		42		73		79		143
Selling and marketing		312		145		654		365
Total stock-based compensation expense	$	1,502	$	1,184	$	2,574	$	2,071