Source document: optimizerx-corporation_2019

Question: What was the depreciation expense in 2018?
Facts: $58,423
Answer: $58,423

Question: What were the net costs of property and equipment that the Company owned in 2018 and 2019, respectively?
Facts: $149,330; $176,014
Answer: $149,330; $176,014

Question: What was the cost of computer equipment in 2018?
Facts: $94,384
Answer: $94,384

Question: What is the average subtotal cost of property and equipment that the Company owned from 2018 to 2019?
Facts: 254,032; 324,930
Derivation: (324,930+254,032)/2 
Answer: 289481

Question: What is the percentage change in the net cost of property and equipment from 2018 to 2019?
Facts: 149,330; 176,014
Derivation: (176,014-149,330)/149,330 
Answer: 17.87 percent

Question: What is the ratio of depreciation expense to accumulated depreciation of property and equipment in 2019?
Facts: 148,916; 80,206
Derivation: 80,206/148,916 
Answer: 0.54

Question: What were the Net cash provided by financing activities in 2018 and 2019 respectively?
Facts: 22,181,528; 8,685,739
Answer: 8,685,739; 22,181,528

Question: What were the net increases in cash and cash equivalents in 2018 and 2019, respectively?
Facts: $3,791,461; $9,938,646
Answer: $3,791,461; $9,938,646

Question: What is the percentage change in the net increase in cash and cash equivalents from 2018 to 2019?
Facts: 3,791,461; 9,938,646
Derivation: (9,938,646-3,791,461)/3,791,461 
Answer: 162.13 percent

Question: What is the average net cash provided by financing activities from 2018 to 2019?
Facts: 22,181,528; 8,685,739
Derivation: (22,181,528+8,685,739)/2 
Answer: 15433633.5

Question: What is the ratio of net cash used in investing activities from 2018 to 2019?
Facts: 10,582,086; 5,686,833
Derivation: -5,686,833/-10,582,086 
Answer: 0.54

Question: What were the total current assets and liabilities as of December 31, 2019?
Facts: approximately $27.1 million; approximately $6.1 million
Answer: approximately $27.1 million; approximately $6.1 million

Question: How much is the total contingent payment for the purchase of CareSpeak Communications?
Facts: up to $3.0 million
Answer: up to $3.0 million

Question: How did the company determine the fair value of the Contingent Purchase Price Payable on December 31, 2019?
Facts: using a Geometric-Brownian motion analysis of the expected revenue and resulting earnout payment using inputs that include the spot price, a risk free rate of return of 1.4%, a term of 2 years, and volatility of 40%
Answer: using a Geometric-Brownian motion analysis of the expected revenue and resulting earnout payment using inputs that include the spot price, a risk free rate of return of 1.4%, a term of 2 years, and volatility of 40%

Question: What is the total current fair value of contingent purchase price payable on December 31, 2019?
Facts: $1,500,000
Answer: $1,500,000

Question: What is the proportion of total long-term fair value of contingent purchase price payable over total fair value of contingent purchase price payable?
Facts: 5,220,000; 6,720,000
Derivation: 5,220,000/6,720,000 
Answer: 0.78

Question: What is the ratio of total fair value of the contingent payment in 2018 to 2019?
Facts: 2,365,000; 3,000,000
Derivation: 2,365,000/3,000,000 
Answer: 0.79

Question: What is the percentage change in the total fair value of the contingent payment in 2019 compared to 2018?
Facts: 2,365,000; 3,000,000
Derivation: (3,000,000-2,365,000)/2,365,000 
Answer: 26.85 percent

Question: How much was the net operating loss carry-forwards for federal income tax purposes as of December 31, 2019?
Facts: approximately $18.3 million
Answer: approximately $18.3 million

Question: When was the Company formed?
Facts: 2006
Answer: 2006

Question: How much was the net provision for federal income tax in 2019? 
Facts: $897,960
Answer: $897,960

Question: What is the percentage change in valuation allowance in 2019 compared to 2018?
Facts: 1,209,960; 84,000
Derivation: (1,209,960 - 84,000)/84,000 
Answer: 1340.43 percent

Question: What is the ratio of total federal income tax benefit to total expenses in 2019?
Facts: 1,209,960; 133,000; 143,000; 29,000; 848,000; 913,000
Derivation: (848,000+29,000+1,209,960)/(143,000+133,000+913,000) 
Answer: 1.76

Question: What is the average of current operations from 2018 to 2019?
Facts: 2; 48,000; 848,000
Derivation: (848,000+(-48,000))/2 
Answer: 400000

Question: What is the ultimate realization of deferred tax assets dependent on?
Facts: the Company’s ability to generate sufficient taxable income during the periods in which the net operating losses expire and the temporary differences become deductible
Answer: the Company’s ability to generate sufficient taxable income during the periods in which the net operating losses expire and the temporary differences become deductible

Question: Which tax years remain open for potential audit by the Internal Revenue Service?
Facts: 2016 to 2019
Answer: 2016 to 2019

Question: How much are the deferred tax liabilities in 2018 and 2019, respectively?
Facts: $(2,952,000); $(4,195,000)
Answer: $(2,952,000); $(4,195,000)

Question: What is the percentage change in deferred tax assets in 2019 compared to 2018?
Facts: 2,952,000; 4,195,000
Derivation: (4,195,000-2,952,000)/2,952,000 
Answer: 42.11 percent

Question: What is the proportion of stock compensation and intangible assets over deferred tax assets in 2018?
Facts: 124,000; 2,952,000; 535,000
Derivation: (535,000+124,000)/2,952,000 
Answer: 0.22

Question: What is the average net operating loss carryover from 2018 to 2019?
Facts: 2,290,000; 3,839,000
Derivation: (3,839,000+2,290,000)/2 
Answer: 3064500

Question: How many key partners that the Company had which 10% or greater of its revenue was generated in either 2019 or 2018?
Facts: four
Answer: four

Question: What are the amounts of revenue generated from Partner B in 2018 and 2019, respectively?
Facts: 5,350,393; 9,210,347
Answer: 5,350,393; 9,210,347

Question: What are the amounts of revenue generated from Partner A in 2018 and 2019, respectively?
Facts: 1,315,706; 6,841,386
Answer: 6,841,386; 1,315,706

Question: What is the percentage change in revenue generated from Partner C from 2018 to 2019?
Facts: 2,584,103; 4,051,217
Derivation: (4,051,217-2,584,103)/2,584,103 
Answer: 56.77 percent

Question: Which partner contributed the highest revenue to the Company in 2018?
Facts: Partner A
Derivation: 6,841,386>5,350,393>2,584,103>2,159,356
Answer: Partner A

Question: What is the average revenue generated from Partner D in the last 2 years, i.e. 2018 and 2019?
Facts: 1,007,573; 2,159,356
Derivation: (1,007,573+2,159,356)/2 
Answer: 1583464.5

Question: What is the Company’s trading symbol? 
Facts: OPRX
Answer: OPRX

Question: What does the table show us?
Facts: the range of high and low bid information for our common stock for the each of the periods indicated
Answer: the range of high and low bid information for our common stock for the each of the periods indicated

Question: What was the last sales price per share of the Company’s common stock on March 24, 2020?
Facts: $7.93
Answer: $7.93

Question: What is the average of high bids throughout 2018? 
Facts: 11.00; 18.00; 18.39; 4.98
Derivation: (4.98+11.00+18.39+18.00)/4 
Answer: 13.09

Question: Which quarter had the greatest low bid on the Company’s common stock?
Facts: September 30, 2018
Derivation: 9.32>8.92>4.29>3.36
Answer: September 30, 2018

Question: What is the ratio of the last sales price of the Company’s common stock on March 24, 2020, to the low bid on September 30, 2018?
Facts: 7.93; 9.32
Derivation: 7.93/9.32 
Answer: 0.85

Question: How much was the aggregate intrinsic value of exercisable options in 2019?
Facts: $7,197,053
Answer: $7,197,053

Question: What is the proportion of exercisable options over outstanding options for the year ended in December 31, 2019?
Facts: 1,143,637; 1,624,221
Derivation: 1,143,637/1,624,221 
Answer: 0.7

Question: What is the total price of exercised or expired options during the fiscal year 2019?
Facts: 12.55; 251,063; 3.73; 89,550
Derivation: (251,063*3.73)+(89,550*12.55) 
Answer: 2060317.49

Question: What is the percentage change in the number of shares outstanding at the end of 2018 compared to the start of 2018?
Facts: 1,368,772; 1,554,700
Derivation: (1,554,700-1,368,772)/1,368,772 
Answer: 13.58 percent

Question: How much were the compensation costs that have been charged against income related to options in 2018 and 2019, respectively?
Facts: $1,317,904; $1,687,745
Answer: $1,317,904; $1,687,745

Question: How many remaining shares are available to grant under the Plan on December 31, 2019?
Facts: 236,614
Answer: 236,614