Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Shareholders' Equity (Unaudited)

v3.20.1
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Accumulated Other Comprehensive Loss [Member]
Treasury (Common) Stock [Member]
Total
Balance at Dec. 31, 2018 $ 2,136 $ 12,571 $ 65,142,460 $ (24,203,745) $ (1,421,068) $ (662,000) $ 38,870,354
Balance, shares at Dec. 31, 2018 2,136,289 12,570,557          
Net loss (295,691) (295,691)
Foreign currency translation adjustment 209,345 209,345 [1]
Issuance of stock under the Amended and Restated Equity Incentive Plan $ 26 $ 180 (206)
Issuance of stock under the Amended and Restated Equity Incentive Plan, shares 26,160 179,984          
Stock-based compensation, net of cash settlements 523,556 523,556
Tax withholding obligations on stock issued to employees (800,271) (800,271)
Preferred stock dividends (1,492,700) (1,492,700)
Balance at Mar. 31, 2019 $ 2,162 $ 12,751 63,372,839 (24,499,436) (1,211,723) (662,000) 37,014,593
Balance, shares at Mar. 31, 2019 2,162,449 12,750,541          
Balance at Dec. 31, 2019 $ 2,539 $ 12,979 69,403,366 (25,075,545) (843,014) (662,000) 42,838,325
Balance, shares at Dec. 31, 2019 2,539,325 12,978,485          
Net loss (2,501,770) (2,501,770)
Foreign currency translation adjustment (590,286) (590,286) [1]
Issuance of stock under the Amended and Restated Equity Incentive Plan $ 29 $ 129 (158)
Issuance of stock under the Amended and Restated Equity Incentive Plan, shares 28,870 129,607          
Issuance of preferred stock in connection with CareCloud acquisition $ 760 18,999,240 19,000,000
Issuance of preferred stock in connection with CareCloud acquisition, shares 760,000          
Stock-based compensation, net of cash settlements 793,606 793,606
Issuance of warrants in connection with CareCloud acquisition 300,000 300,000
Preferred stock dividends (2,642,916) (2,642,916)
Balance at Mar. 31, 2020 $ 3,328 $ 13,108 $ 86,853,138 $ (27,577,315) $ (1,433,300) $ (662,000) $ 57,196,959
Balance, shares at Mar. 31, 2020 3,328,195 13,108,092          
[1] No tax effect has been recorded as the Company recorded a valuation allowance against the tax benefit from its foreign currency translation adjustments.