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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
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3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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| OPERATING ACTIVITIES: | ||
| Net loss | $ (1,165,910)us-gaap_NetIncomeLoss | $ (383,672)us-gaap_NetIncomeLoss |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 1,159,515us-gaap_DepreciationAndAmortization | 270,043us-gaap_DepreciationAndAmortization |
| Deferred rent | (2,816)us-gaap_StraightLineRent | 2,139us-gaap_StraightLineRent |
| Deferred revenue | (13,095)us-gaap_IncreaseDecreaseInDeferredRevenue | (10,682)us-gaap_IncreaseDecreaseInDeferredRevenue |
| Deferred income taxes | 0us-gaap_IncreaseDecreaseInDeferredIncomeTaxes | (187,863)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes |
| Provision for doubtful accounts | 28,239mtbc_ProvisionForRecoveryOfDoubtfulAccounts | 28,348mtbc_ProvisionForRecoveryOfDoubtfulAccounts |
| Foreign exchange (gain) loss | (28,689)us-gaap_ForeignCurrencyTransactionGainLossRealized | 210,006us-gaap_ForeignCurrencyTransactionGainLossRealized |
| Gain from reduction in referral fee | 0mtbc_GainLossFromReductionInReferralFee | (105,523)mtbc_GainLossFromReductionInReferralFee |
| Interest accretion on convertible promissory note | 0us-gaap_AccretionExpense | 11,767us-gaap_AccretionExpense |
| Stock-based compensation expense | 126,849us-gaap_ShareBasedCompensation | 0us-gaap_ShareBasedCompensation |
| Change in contingent consideration | (828,762)us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 | 0us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 |
| CastleRock settlement payment | (110,000)mtbc_SettlementPayments | 0mtbc_SettlementPayments |
| Other | 0us-gaap_OtherNoncashIncomeExpense | 955us-gaap_OtherNoncashIncomeExpense |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 46,006us-gaap_IncreaseDecreaseInAccountsReceivable | 38,826us-gaap_IncreaseDecreaseInAccountsReceivable |
| Other assets | (108,219)us-gaap_IncreaseDecreaseInOtherOperatingAssets | (18,520)us-gaap_IncreaseDecreaseInOtherOperatingAssets |
| Accounts payable and other liabilities | (400,432)us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities | 144,880us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities |
| Net cash (used in) provided by operating activities | (1,297,314)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 704us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| INVESTING ACTIVITIES: | ||
| Capital expenditures | (83,588)us-gaap_PaymentsToAcquireProductiveAssets | (53,569)us-gaap_PaymentsToAcquireProductiveAssets |
| Advances to majority shareholder | 0us-gaap_PaymentsToFundLongtermLoansToRelatedParties | (1,000)us-gaap_PaymentsToFundLongtermLoansToRelatedParties |
| Repayment of advances to majority shareholder | 0us-gaap_ProceedsFromCollectionOfLongtermLoansToRelatedParties | 1,000us-gaap_ProceedsFromCollectionOfLongtermLoansToRelatedParties |
| Net cash used in investing activities | (83,588)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (53,569)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| FINANCING ACTIVITIES: | ||
| Repayments of notes payable - other | (254,827)us-gaap_RepaymentsOfOtherShortTermDebt | (340,880)us-gaap_RepaymentsOfOtherShortTermDebt |
| Proceeds from line of credit | 3,435,000us-gaap_ProceedsFromLinesOfCredit | 1,485,000us-gaap_ProceedsFromLinesOfCredit |
| Repayments of line of credit | (1,650,000)us-gaap_RepaymentsOfLinesOfCredit | (1,285,000)us-gaap_RepaymentsOfLinesOfCredit |
| IPO-related costs | 0us-gaap_PaymentsOfStockIssuanceCosts | (14,508)us-gaap_PaymentsOfStockIssuanceCosts |
| Net cash provided by (used in) financing activities | 1,530,173us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (155,388)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH | (11,988)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations | 16,813us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations |
| NET INCREASE (DECREASE) IN CASH | 137,283us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (191,440)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| CASH - Beginning of the period | 1,048,660us-gaap_CashAndCashEquivalentsAtCarryingValue | 497,944us-gaap_CashAndCashEquivalentsAtCarryingValue |
| CASH - End of period | 1,185,943us-gaap_CashAndCashEquivalentsAtCarryingValue | 306,504us-gaap_CashAndCashEquivalentsAtCarryingValue |
| SUPPLEMENTAL NONCASH INVESTING AND FINANCING ACTIVITIES: | ||
| Purchase of prepaid insurance through assumption of note | 0mtbc_NoncashOrPartNoncashAcquisitionOfPrepaidInsurance | 36,640mtbc_NoncashOrPartNoncashAcquisitionOfPrepaidInsurance |
| Accrued IPO-related costs | 0mtbc_NoncashOrPartNoncashInitialPublicOfferingRelatedCosts | 227,750mtbc_NoncashOrPartNoncashInitialPublicOfferingRelatedCosts |
| SUPPLEMENTAL INFORMATION - Cash paid during the period for: | ||
| Income taxes | 9,759us-gaap_IncomeTaxesPaidNet | 5,230us-gaap_IncomeTaxesPaidNet |
| Interest | $ 75,576us-gaap_InterestPaidNet | $ 82,600us-gaap_InterestPaidNet |
| X | ||||||||||
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- Definition
Increase (decrease) in referral fee treated as gain (loss). No definition available.
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- Definition
The amount of prepaid insurance acquired through assumption of note. No definition available.
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- Definition
Non cash or part non cash expenses of accrued IPO related costs. No definition available.
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| X | ||||||||||
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- Definition
Amount of expense (income) related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. No definition available.
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| X | ||||||||||
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- Definition
Cash outflow representing an settlement to the purchase price of a previous acquisition. No definition available.
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| X | ||||||||||
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- Definition
Amount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of increase (decrease) in the value of a contingent consideration liability, including, but not limited to, differences arising upon settlement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The effect of exchange rate changes on cash balances in continuing operations held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount before tax of foreign currency transaction realized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of obligations incurred but not paid and other operating obligations not separately disclosed in the statement of cash flows. No definition available.
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for cost incurred directly with the issuance of an equity security. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with extending a long-term loan to a related party. Alternate caption: Payments for Advances to Affiliates. No definition available.
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| X | ||||||||||
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- Definition
The cash inflow associated with collection, whether partial or full, of long-term loans to a related party. Alternate caption: Proceeds from Advances to Affiliates. No definition available.
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- Definition
Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow attributable to repayments of borrowings not otherwise defined in the taxonomy (having initial terms of repayment within one year or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Difference between actual rental income due and rental income recognized on a straight-line basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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