Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v3.19.3
Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Schedule of Revenues, Operating Expenses and Operating Income (Loss) by Reportable Segment

The following tables present revenues, operating expenses and operating income (loss) by reportable segment:

 

    Nine Months Ended September 30, 2019  
    Healthcare IT     Practice Management     Unallocated Corporate Expenses     Total  
Net revenue   $ 38,518,361     $ 10,162,677     $ -     $ 48,681,038  
Operating expenses:                                
Direct operating costs     23,912,120       7,867,444       -       31,779,564  
Selling and marketing     1,065,750       25,774       -       1,091,524  
General and administrative     8,549,122       1,504,506       3,704,177       13,757,805  
Research and development     648,822       -       -       648,822  
Change in contingent consideration     (343,768 )     -       -       (343,768 )
Depreciation and amortization     2,170,204       236,907       -       2,407,111  
Restructuring and impairment charges     136,332       -       -       136,332  
Total operating expenses     36,138,582       9,634,631       3,704,177       49,477,390  
Operating income (loss)   $ 2,379,779     $ 528,046     $ (3,704,177 )   $ (796,352 )

 

    Three Months Ended September 30, 2019  
    Healthcare IT     Practice Management     Unallocated Corporate Expenses     Total  
Net revenue   $ 12,938,042     $ 3,913,286     $ -     $ 16,851,328  
Operating expenses:                                
Direct operating costs     7,508,208       3,027,421       -       10,535,629  
Selling and marketing     339,603       7,965       -       347,568  
General and administrative     2,791,573       548,746       1,111,656       4,451,975  
Research and development     175,758       -       -       175,758  
Change in contingent consideration     (279,565 )     -       -       (279,565 )
Depreciation and amortization     735,133       79,077       -       814,210  
Restructuring and impairment charges     136,332       -       -       136,332  
Total operating expenses     11,407,042       3,663,209       1,111,656       16,181,907  
Operating income (loss)   $ 1,531,000     $ 250,077     $ (1,111,656 )   $ 669,421  

  

    Nine Months Ended September 30, 2018  
    Healthcare IT     Practice Management     Unallocated Corporate Expenses     Total  
Net revenue   $ 30,720,367     $ 3,314,421     $ -     $ 34,034,788  
Operating expenses:                                
Direct operating costs     18,303,270       2,638,265       -       20,941,535  
Selling and marketing     1,159,943       9,640       -       1,169,583  
General and administrative     6,591,165       552,514       3,642,555       10,786,234  
Research and development     768,517       -       -       768,517  
Change in contingent consideration     68,253       -       -       68,253  
Depreciation and amortization     1,890,809       81,756       -       1,972,565  
Total operating expenses     28,781,957       3,282,175       3,642,555       35,706,687  
Operating income (loss)   $ 1,938,410     $ 32,246     $ (3,642,555 )   $ (1,671,899 )

 

    Three Months Ended September 30, 2018  
    Healthcare IT     Practice Management     Unallocated Corporate Expenses     Total  
Net revenue   $ 13,730,105     $ 3,314,421     $ -     $ 17,044,526  
Operating expenses:                                
Direct operating costs     9,485,642       2,638,265       -       12,123,907  
Selling and marketing     451,872       9,640       -       461,512  
General and administrative     2,730,595       552,514       1,848,186       5,131,295  
Research and development     263,717       -       -       263,717  
Change in contingent consideration     25,473       -       -       25,473  
Depreciation and amortization     740,342       81,756       -       822,098  
Total operating expenses     13,697,641       3,282,175       1,848,186       18,828,002  
Operating income (loss)   $ 32,464     $ 32,246     $ (1,848,186 )   $ (1,783,476 )