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Equity Method Investment in Change Healthcare LLC
 6 Months Ended
Sep. 30, 2020
Equity Method Investment in Change Healthcare LLC [Abstract]  
Equity Method Investment in Change Healthcare LLC

7. Equity Method Investment in Change Healthcare LLC

Prior to the Merger, the Company accounted for its investment in the Joint Venture using the equity method of accounting.  During the three and six months ended September 30, 2019, the Company recorded a proportionate share of the loss from this investment of $56,179 and $95,732, respectively, which included transaction and integration expenses incurred by the Joint Venture and basis adjustments, including amortization expenses, associated with equity method intangible assets.  These amounts are in Loss from Equity Method Investment in the Joint Venture in the consolidated statements of operations.

Following completion of the Merger, we consolidate the Joint Venture and no longer account for our ownership interest as an equity method investment. Summarized statement of operations information of the Joint Venture prior to the Merger is as follows:









 

 

 

 

 

 



 

 

Three Months Ended

 

 

Six Months Ended



 

 

September 30, 2019

 

 

September 30, 2019

Total revenue

 

$

 795,811 

 

$

 1,651,367 

Cost of operations (exclusive of depreciation and amortization)

 

$

 331,234 

 

$

 658,181 

Customer postage

 

$

 57,110 

 

$

 115,594 

Net income (loss)

 

$

 (130)

 

$

 71,785