Quarterly report pursuant to Section 13 or 15(d)

Acquisitions - Schedule of Assets Acquired and Liabilities Assumed (Details)

v3.20.2
Acquisitions - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($)
Jun. 30, 2020
Jun. 16, 2020
Jan. 08, 2020
Dec. 31, 2019
Apr. 03, 2019
Goodwill $ 49,708,210     $ 12,633,696  
Meridian Acquisition [Member]          
Accounts receivable   $ 3,800,037      
Prepaid expenses   703,732      
Contract asset   881,111      
Property and equipment   425,993      
Operating lease right-of-use assets   2,805,993      
Customer relationships   11,900,000      
Technology   900,000      
Goodwill   14,206,436      
Accounts payable   (3,373,212)      
Accrued expenses & compensation   (3,591,380)      
Operating lease liabilities   (6,054,659)      
Deferred revenue   (907,077)      
Other current liabilities   (63,250)      
Total preliminary purchase price allocation   $ 21,633,724      
CareCloud Acquisition [Member]          
Accounts receivable     $ 2,298,716    
Prepaid expenses     1,277,990    
Contract asset     537,722    
Property and equipment     402,970    
Operating lease right-of-use assets     2,858,626    
Customer relationships     8,000,000    
Trademark     800,000    
Software     4,800,000    
Goodwill     22,868,078    
Other long term assets     539,560    
Accounts payable     (6,942,710)    
Accrued expenses & compensation     (2,080,977)    
Current loan payable     (79,655)    
Operating lease liabilities     (2,858,544)    
Deferred revenue     (269,250)    
Total preliminary purchase price allocation     $ 32,152,526    
2019 Acquisition [Member]          
Accounts receivable         $ 547,377
Contract asset         139,169
Property and equipment         91,277
Operating lease right-of-use assets         1,224,480
Customer relationships         856,000
Goodwill         39,901
Accrued expenses & compensation         (73,724)
Operating lease liabilities         (1,224,480)
Total preliminary purchase price allocation         $ 1,600,000