| Schedule of Disaggregation of Revenue |
The following table
represents a disaggregation of revenue for the three months ended March 31:
| |
|
Three Months Ended
March 31,
|
|
| |
|
2019 |
|
|
2018 |
|
| Healthcare IT: |
|
|
|
|
|
|
|
|
| Revenue cycle management services |
|
$ |
10,557,442 |
|
|
$ |
7,392,390 |
|
| Professional services |
|
|
335,435 |
|
|
|
124,616 |
|
| Ancillary services |
|
|
499,096 |
|
|
|
248,637 |
|
| Group purchasing services |
|
|
200,047 |
|
|
|
- |
|
| Printing and mailing services |
|
|
391,660 |
|
|
|
348,243 |
|
| Clearinghouse and EDI services |
|
|
136,064 |
|
|
|
193,439 |
|
| Practice Management: |
|
|
|
|
|
|
|
|
| Practice management services |
|
|
2,960,467 |
|
|
|
- |
|
| Total |
|
$ |
15,080,211 |
|
|
$ |
8,307,325 |
|
|
| Schedule of Accounts Receivable, Contract Asset and Deferred Revenue |
The opening and closing balances of the Company’s
accounts receivable, contract asset and deferred revenue are as follows for the three months ended March 31, 2019 and 2018:
| |
|
Accounts Receivable, Net |
|
|
Contract Asset |
|
|
Deferred Revenue (current) |
|
|
Deferred Revenue
(long term)
|
|
| Beginning balance as of January 1, 2019 |
|
$ |
7,331,474 |
|
|
$ |
2,608,631 |
|
|
$ |
25,355 |
|
|
$ |
18,949 |
|
| Increase (decrease), net |
|
|
476,393 |
|
|
|
(252,317 |
) |
|
|
(4,001 |
) |
|
|
266 |
|
| Ending balance as of March 31, 2019 |
|
$ |
7,807,867 |
|
|
$ |
2,356,314 |
|
|
$ |
21,354 |
|
|
$ |
19,215 |
|
| Beginning balance as of January 1, 2018 |
|
$ |
3,879,463 |
|
|
$ |
1,342,692 |
|
|
$ |
62,104 |
|
|
$ |
28,615 |
|
| (Decrease) increase, net |
|
|
(102,504 |
) |
|
|
47,071 |
|
|
|
(20,913 |
) |
|
|
(976 |
) |
| Ending balance as of March 31, 2018 |
|
$ |
3,776,959 |
|
|
$ |
1,389,763 |
|
|
$ |
41,191 |
|
|
$ |
27,639 |
|
|