CareCloud, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]

The aggregate compensation cost for RSUs recorded under the 2014 Plan was $258,878 for the year ended December 31, 2014 and recorded as follows:

Stock-based compensation included in the Consolidated Statement of Operations:
Direct operating costs	$	5,090
General and administrative		253,788
Total stock-based compensation expense	$	258,878

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

The following summarizes the RSU transactions under the 2014 Plan for the year ended December 31, 2014:

	Shares
RSUs outstanding and unvested at January 1, 2014		-
RSUs granted		513,500
RSUs vested		-
RSUs forfeited		(31,250)
RSUs outstanding and unvested at December 31, 2014		482,250

Schedule of Unrecognized Compensation Cost, Nonvested Awards [Table Text Block]

The following summarizes the RSU activity during 2014 and the amount available for grant at December 31, 2014:

	Shares
Amount authorized under the 2014 Plan		1,351,000
RSUs issued on April 4, 2014		(217,500)
RSUs issued on September 15, 2014		(171,000)
RSUs issued during the fourth quarter, 2014 - performance based		(125,000)
RSUs forfeited during year		31,250
Amount available for grant at December 31, 2014		868,750

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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