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

Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

Acquisitions (Tables)

9 Months Ended

Sep. 30, 2018

Schedule of Assets Acquired and Liabilities Assumed

The Company expects to finalize the purchase price allocation by year-end and is finalizing the projections and the valuation of the acquired assets and assumed liabilities.

Acquired intangibles	$	6,100,000
Accounts receivable		5,727,618
Contract asset		673,317
Inventory		307,278
Property and equipment		319,352
Goodwill		417,112
Accounts payable		(499,807	)
Accrued expenses		(444,870	)
	$	12,600,000

Business Acquisition, Pro Forma Information

The pro forma information has been included for comparative purposes and is not indicative of results of operations that the Company would have had if the acquisitions occurred on the above date, nor is it necessarily indicative of future results.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
	($ in thousands, except per share data)
Total revenue	$	17,045		$	18,209		$	53,114		$	55,746
Net (loss) income	$	(837	)	$	(1,648	)	$	(1,613	)	$	(4,367	)
Net (loss) income attributable to common shareholders	$	(1,893	)	$	(2,301	)	$	(4,693	)	$	(5,650	)
Net (loss) income per common share	$	(0.16	)	$	(0.20	)	$	(0.40	)	$	(0.52	)