CareCloud, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2015

Dec. 31, 2014

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following table summarizes the final purchase price consideration and the allocation of the purchase price to the net assets acquired:

								Contingent
	Common Stock					Acquired		Consideration		Total
	Shares	Value		Cash		Backlog		Adjustment		Consideration

	(in thousands)
Omni	1,049	$	4,079	$	6,655	$	103	$	(329)	$	10,508
Practicare	293		1,137		2,394		17		(242)		3,306
CastleRock	359		1,395		2,339		28		-		3,762
Total	1,701	$	6,611	$	11,388	$	148	$	(571)	$	17,576

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

We engaged a third-party valuation specialist to assist the Company in valuing the assets from our acquisition of the Acquired Businesses. The results of the valuation analysis are presented below:

Customer contracts and relationships	$	8,225,000
Non-compete agreements		925,000
Tangible assets		61,256
Acquired backlog		148,408
Goodwill		8,216,336
Total purchase consideration	$	17,576,000

Business Acquisition, Pro Forma Information [Table Text Block]

The March 31, 2014 pro forma net loss was adjusted to exclude $30,000 of acquisition-related costs incurred during the quarter then ended.

	For the quarter ended March 31, 2014

Total revenue	$	7,174,440
Net loss	$	(1,659,542)
Net loss per share	$	(0.33)

Metro Medical Management Services, Inc. [Member]

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Cash paid on date of acquisition	$	275,000
Promissory note payable to Metro Medical		1,225,000
Total purchase consideration	$	1,500,000

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The results of the valuation are presented below:

Customer contracts and relationships	$	904,000
Non-compete agreement		252,000
Goodwill		344,000
	$	1,500,000

Business Acquisition, Pro Forma Information [Table Text Block]

	For the year ended December 31,
	2014		2013
Total revenue	$	29,215,097	$	28,423,215
Net loss	$	(6,853,392)	$	(5,660,681)
Net loss per share	$	(0.97)	$	(1.11)

Acquired Businesses [Member]

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following table summarizes the final purchase price consideration and the allocation of the purchase price to the net assets acquired:

									Contingent
	Common Stock						Acquired		Consideration		Total
	Shares		Value		Cash		Backlog		Adjustment		Consideration
	(in thousands)
Omni		1,049	$	4,079	$	6,655	$	103	$	(329)	$	10,508
Practicare		293		1,137		2,394		17		(242)		3,306
CastleRock		359		1,395		2,339		28		-		3,762
Total		1,701	$	6,611	$	11,388	$	148	$	(571)	$	17,576

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The results of the valuation analysis are presented below:

Customer contracts and relationships	$	8,225,000
Non-compete agreements		925,000
Tangible assets		61,256
Acquired backlog		148,408
Goodwill		8,216,336
Total purchase consideration	$	17,576,000