CareCloud, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

DISCLOSURE OF SHARE-BASED COMPENSATION ARRANGEMENTS BY SHARE-BASED PAYMENT AWARD

The following table summarizes the RSU transactions related to the common and preferred stock under the A&R Plan for the nine months ended September 30, 2023 and 2022:

	Common Stock			Series A Preferred Stock			Series B Preferred Stock
Outstanding and unvested shares at January 1, 2023		645,475			-			80,462
Granted		1,056,453			-			62,000
Vested		(843,950	)		-			(75,263	)
Forfeited		(58,388	)		-			-
Outstanding and unvested shares at September 30, 2023		799,590			-			67,199

Outstanding and unvested shares at January 1, 2022		418,039			34,000			-
Granted		625,252			-			80,000
Vested		(426,299	)		(34,000	)		(10,000	)
Forfeited		(55,616	)		-			-
Outstanding and unvested shares at September 30, 2022		561,376			-			70,000

SCHEDULE OF EMPLOYEE SERVICE SHARE-BASED COMPENSATION, ALLOCATION OF RECOGNIZED PERIOD COSTS

The following table summarizes the components of share-based compensation expense for the three and nine months ended September 30, 2023 and 2022:

Stock-based compensation included in the	Three Months Ended September 30,				Nine Months Ended September 30,
consolidated statements of operations:	2023		2022		2023		2022
	($ in thousands)
Direct operating costs	$	271	$	247	$	659	$	665
General and administrative		771		703		2,225		1,848
Research and development		26		82		105		225
Selling and marketing		141		296		794		661
Total stock-based compensation expense	$	1,209	$	1,328	$	3,783	$	3,399