MTBC, Inc. company info

CIK 1582982
IRS Number 223832302
State of incorporation DE
Business address 7 CLYDE ROAD
SOMERSET
SOMERSET
NJ
08873
Mail address 7 CLYDE ROAD
SOMERSET
SOMERSET
NJ
08873

Short summary

MTBC, Inc. is a New Jersey company, with head office located at 7 Clyde Road Somerset, New Jersey 08873. In 2018 the company owned a total of 49.30 million USD worth of assets, including 23.98 million USD worth of current assets. An analysis of the recent trend shows a steady growth of company assets, with a 43.47% growth from the last year and a 789.04% increase in the 5 year period.

MTBC, Inc. Income Statement

Name [in Millions USD]2012201320142015201620172018Trends
Research and development 0.390.530.660.901.081.03
Operating Expenses 10.6022.3427.5432.3936.3353.09
Operating Income (Loss) -0.13-4.04-4.46-7.90-4.52-2.54
Other Nonoperating Income (Expense) 0.03-0.010.17-0.050.330.49
Income Tax Expense (Benefit) 0.140.180.140.200.07-0.16
Net income -0.18-4.51-4.69-8.80-5.57-2.14

MTBC, Inc. Balance Sheet

Name [in Millions USD]2012201320142015201620172018Trends
Cash and cash equivalents 0.270.030.636.625.8111.7212.53
Accounts Receivable, Net, Current 0.792.642.163.483.447.81
Inventories 0.36
Property, Plant and Equipment, Gross 1.913.153.434.184.465.09
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 1.401.712.062.603.073.25
Goodwill 00.348.569.4312.1812.2612.59
Intangible Assets, Net (Excluding Goodwill) 5.831.706.08
Other Assets, Noncurrent 2.110.180.180.090.420.47
Total assets 5.5520.1524.9726.9334.3649.30
Current assets 1.473.679.259.8418.5923.98
Accounts payable 0.360.660.551.480.592.07
Total current liabilities 3.937.406.9113.924.379.47
Long-term Debt, Excluding Current Maturities 05.330.45
Long-term Debt 2.010.667.332.66
Deferred Revenue, Noncurrent 0.050.040.030.030.030.02
Deferred income taxes 00.240.460.450.11
Total liabilities 5.928.4913.6215.645.2512.29
Common Stock, Value, Issued 0.010.010.010.010.010.01
Retained Earnings (Accumulated Deficit) -0.62-7.11-12.43-22.35-21.79-24.50
Accumulated Other Comprehensive Income (Loss), Net of Tax -0.08-0.07-0.30-0.39-0.41-1.15-1.21

MTBC, Inc. Cash Flow

Name [in Millions USD]2012201320142015201620172018Trends
Net income -0.18-4.51-4.69-8.80-5.57-2.14
Depreciation and amortization 0.952.794.605.114.302.85
Depreciation 0.230.260.420.530.630.69
Amortization of Intangible Assets 0.722.534.184.583.652.10
Deferred Income Tax Expense (Benefit) 0.110.150.170.170.03-0.21
Accounts receivable 0.022.17-0.520.46-0.04-1.48
Inventories 0.14
Deferred revenue -0.01-0.03-0.03-0.040.02
Net Cash Provided by (Used in) Operating Activities -1.88-0.900.286.81
Payments to Acquire Productive Assets 0.291.120.420.460.701.03
Payments to Acquire Businesses, Net of Cash Acquired 0.2811.540.183.370.2112.60
Net Cash Provided by (Used in) Investing Activities -0.60-3.83-0.90-13.63
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -0.71-12.65-0.60
Proceeds from Issuance of Common Stock 017.1701.97
Payments for Repurchase of Common Stock 00.120.55
Net Cash Provided by (Used in) Financing Activities 9.500.161.8417.66
Cash and Cash Equivalents, Period Increase (Decrease) 0.230.556.99-4.560.8910.11