Progressive Care, Inc. / "Customer" | Tables in SEC filings

RXMD Progressive Care, Inc.

6 Aug 24

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Amortization of pharmacy records, trade names, developed technology, and customer contracts is included in depreciation and amortization in the accompanying Consolidated Statements of Comprehensive Income Loss. For the twelve months ended December 31, 2023 and 2022, the Company recognized amortization expense of approximately $1.3 million and $25,000, respectively. Future amortization of intangible assets is as follows (in thousands):

		Amount
2024	$	2,721
2025		2,672
2026		2,672
2027		2,672
2028		1,571
Thereafter		2,115
Total	$	14,423

	December 31, 2023
	(Audited)
	Gross amount		Accumulated amortization		Net Amount
Pharmacy records	$	8,130	$	(807)	$	7,323
Trade names		4,700		(224)		4,476
Developed technology		2,880		(281)		2,599
Customer Contracts		250		(225)		25
Total intangible assets	$	15,960	$	(1,537)	$	14,423

	March 31, 2024		December 31, 2023
	(Unaudited)		(Audited)
Accounts payable	$	13,978	$	12,142
Accrued wages and payroll liabilities		378		200
Accrued PBM fees		366		571
Customer deposits payable		54		76
Accrued other liabilities		117		187
Total	$	14,893	$	13,176

	December 31, 2023
	Gross amount		Accumulated amortization		Net Amount
Pharmacy records	$	8,130	$	(807)	$	7,323
Trade names		4,700		(224)		4,476
Developed technology		2,880		(281)		2,599
Customer Contracts		250		(225)		25
Total intangible assets	$	15,960	$	(1,537)	$	14,423

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