| 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:
| |
|
Three Months Ended March 31, 2020 |
|
| |
|
Healthcare IT |
|
|
Practice Management |
|
|
Unallocated Corporate Expenses |
|
|
Total |
|
| Net revenue |
|
$ |
18,840,865 |
|
|
$ |
3,026,304 |
|
|
$ |
- |
|
|
$ |
21,867,169 |
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Direct operating costs |
|
|
11,165,926 |
|
|
|
2,400,804 |
|
|
|
- |
|
|
|
13,566,730 |
|
| Selling and marketing |
|
|
1,572,772 |
|
|
|
8,581 |
|
|
|
- |
|
|
|
1,581,353 |
|
| General and administrative |
|
|
3,880,222 |
|
|
|
556,508 |
|
|
|
1,155,995 |
|
|
|
5,592,725 |
|
| Research and development |
|
|
2,333,126 |
|
|
|
- |
|
|
|
- |
|
|
|
2,333,126 |
|
| Change in contingent consideration |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Depreciation and amortization |
|
|
1,253,289 |
|
|
|
79,497 |
|
|
|
- |
|
|
|
1,332,786 |
|
| Impairment charges |
|
|
297,651 |
|
|
|
- |
|
|
|
- |
|
|
|
297,651 |
|
| Total operating expenses |
|
|
20,502,986 |
|
|
|
3,045,390 |
|
|
|
1,155,995 |
|
|
|
24,704,371 |
|
| Operating income (loss) |
|
$ |
(1,662,121 |
) |
|
$ |
(19,086 |
) |
|
$ |
(1,155,995 |
) |
|
$ |
(2,837,202 |
) |
| |
|
Three Months Ended March 31, 2019 |
|
| |
|
Healthcare IT |
|
|
Practice Management |
|
|
Unallocated Corporate Expenses |
|
|
Total |
|
| Net revenue |
|
$ |
12,119,744 |
|
|
$ |
2,960,467 |
|
|
$ |
- |
|
|
$ |
15,080,211 |
|
| Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Direct operating costs |
|
|
7,474,454 |
|
|
|
2,373,086 |
|
|
|
- |
|
|
|
9,847,540 |
|
| Selling and marketing |
|
|
351,951 |
|
|
|
9,448 |
|
|
|
- |
|
|
|
361,399 |
|
| General and administrative |
|
|
2,462,403 |
|
|
|
396,370 |
|
|
|
1,303,303 |
|
|
|
4,162,076 |
|
| Research and development |
|
|
254,656 |
|
|
|
- |
|
|
|
- |
|
|
|
254,656 |
|
| Change in contingent consideration |
|
|
(64,203 |
) |
|
|
- |
|
|
|
- |
|
|
|
(64,203 |
) |
| Depreciation and amortization |
|
|
677,987 |
|
|
|
78,753 |
|
|
|
- |
|
|
|
756,740 |
|
| Total operating expenses |
|
|
11,157,248 |
|
|
|
2,857,657 |
|
|
|
1,303,303 |
|
|
|
15,318,208 |
|
| Operating income (loss) |
|
$ |
962,496 |
|
|
$ |
102,810 |
|
|
$ |
(1,303,303 |
) |
|
$ |
(237,997 |
) |
|