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

Quarterly report pursuant to Section 13 or 15(d)

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	12. Employee Benefit PlanS The Company has a qualified 401(k) plan covering all U.S. employees who have completed three months of service. The plan provides for matching contributions by the Company equal to 100% of the first 3% of the qualified compensation, plus 50% of the next 2%. Employer contributions to the plan for six months ended June 30, 2016 and 2015 were $48,579 and $48,360, respectively, and $23,483 and $24,798 for the three months ended June 30, 2016 and 2015, respectively. Additionally, the Company has a defined contribution retirement plan covering all employees located in Pakistan who have completed 90 days of service. The plan provides for monthly contributions by the Company which are the lower of 10% of qualified employees basic monthly compensation or 750 Pakistani rupees. The Companys contributions for the six months ended June 30, 2016 and 2015 were $60,749 and $56,919, respectively, and $29,753 and $29,214 for the three months ended June 30, 2016 and 2015, respectively.

Employee Benefit Plans

6 Months Ended

Jun. 30, 2016

Compensation and Retirement Disclosure [Abstract]

12. Employee Benefit PlanS

The Company has a qualified 401(k) plan covering all U.S. employees who have completed three months of service. The plan provides for matching contributions by the Company equal to 100% of the first 3% of the qualified compensation, plus 50% of the next 2%. Employer contributions to the plan for six months ended June 30, 2016 and 2015 were $48,579 and $48,360, respectively, and $23,483 and $24,798 for the three months ended June 30, 2016 and 2015, respectively.

Additionally, the Company has a defined contribution retirement plan covering all employees located in Pakistan who have completed 90 days of service. The plan provides for monthly contributions by the Company which are the lower of 10% of qualified employees basic monthly compensation or 750 Pakistani rupees. The Companys contributions for the six months ended June 30, 2016 and 2015 were $60,749 and $56,919, respectively, and $29,753 and $29,214 for the three months ended June 30, 2016 and 2015, respectively.