XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Sales    
Capitation revenue, net $ 16,620,488 $ 0
SaaS revenue 1,653,806 1,585,952
Management service revenue, net 519,489 0
Total sales 18,793,783 1,585,952
Cost of sales 14,647,045 909,780
Gross profit 4,146,738 676,172
Operating expenses    
Research and development 285,880 557,257
Sales and marketing 24,449 166,759
General and administrative expenses 12,177,316 3,251,353
Goodwill impairment loss 0 3,471,508
Gain on sale of assets 0 (8,395,702)
Gain on lease termination 0 (25,174)
Loss on sale of fixed assets 0 54,819
Amortization 677,168 222,032
Total operating expenses 13,164,813 (697,148)
Income (loss) from operations (9,018,075) 1,373,320
Other income (expenses)    
Loss on extinguishment of debt 0 (167,797)
Settlement payment from ACMG 522,000 0
Income from forgiveness of debt 636,807 0
Impairment of Series E investment 0 (6,402,278)
Interest income 917 1,030
Interest expense – debt obligation (784,012) 0
Interest expense – accretion of debt discount (6,011,071) (335,450)
Total other income (expenses) (5,635,359) (6,904,495)
Loss from continuing operations (14,653,434) (5,531,175)
Income tax benefit – deferred 984,810 0
Loss from discontinued operations (including gain on disposal of $142,027 for the year ended December 31, 2020) 0 (118,992)
Net loss (13,668,624) (5,650,167)
Net income attributable to noncontrolling interest 891 0
Net income (loss) attributable to Clinigence Holdings, Inc. $ (13,669,515) $ (5,650,167)
Basic and fully diluted income (loss) per common share:    
Continuing operations $ (0.37) $ (1.12)
Discontinued operations 0 (0.02)
Net income (loss) per common share $ (0.37) $ (1.14)
Weighted average common shares outstanding - basic and fully diluted 37,325,057 4,942,268