Viemed Healthcare Inc. 2025年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedMarch 31, 2025 VIEMED HEALTHCARE, INC.NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1.Nature of Business and Operations Viemed Healthcare, Inc. (the "Company"), through its subsidiaries, is a provider of home medical equipment ("HME") and post-acuterespiratory healthcare services in the United States. The Company’s primary service offerings are focused on effective in-hometreatment with clinical practitioners providing therapy and counseling to patients in their homes using cutting edge technology. TheCompany serves patients in all50states of the United States. The Company was incorporated under the Business Corporations Act The Company’s common shares are traded on the Nasdaq Capital Market under the symbol "VMD". 2.Summary of Significant Accounting Policies Principles of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accountingprinciples generally accepted in the United States of America (“GAAP”) for interim financial information and pursuant to the rules andregulations of the Securities and Exchange Commission (the "SEC"). Accordingly, they do not include all of the information andfootnotes required by GAAP for complete financial statements. The accompanying condensed consolidated financial statements areunaudited, but reflect all adjustments consisting of normal recurring accruals, which, in the opinion of management, are necessary topresent fairly the Company's Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Income, Condensed Prior to December 31, 2024, the Company qualified as an “emerging growth company,” as defined in Section 2(a) of the Securities Actof 1933, as amended, as modified by the Jumpstart our Business Startups Act of 2012, and took advantage of certain exemptions fromvarious reporting requirements that are applicable to other public companies that are not emerging growth companies, including, but not Reporting Currency All values are in U.S. dollars ($ or "USD"). Tabular dollar amounts expressed in thousands of U.S. Dollars, except per share amounts. Basis of Consolidation These consolidated financial statements include the accounts of the Company and its subsidiaries in which it has a controlling financialinterest. All intercompany transactions have been eliminated. Use of Estimates Thepreparation of consolidated financial statements in conformity with GAAP requires management to make estimates andassumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of theconsolidated financial statements and the reported amounts of revenues and expenses during the reporting period.Management bases Segment Reporting The Company’s chief operating decision-makers ("CODMs") are its Chief Executive Officer and Chief Operating Officer, who makeresource allocation decisions and assess performance based on financial information presented on an aggregate basis. There are nosegment managers who are held accountable by the chief operating decision-makers, or anyone else, for any planning, strategy andkey decision-making regarding operations. The corporate office is responsible for contract negotiation with vendors and payors, Accounts Receivable Accounts receivable and revenues are based on contractually agreed-upon rates for services provided, reduced by estimatedadjustments. The accounts receivable are presented on the Condensed Consolidated Balance Sheets net of adjustments, includingvariable consideration for implicit price concessions related to sales revenues and an estimate for probable losses related to net rentalrevenues. Inherent in these estimates is the risk that they will have to be revised or updated as additional information becomes The Company performs a periodic analysis to review the valuation of accounts receivable and collectability of outstanding balances.These estimates are determined utilizing historical realization data under a portfolio approach, which is then assessed by managementto evaluate whether adjustments should be made based on accounts receivable aging trends, other operating trends, and relevant The Company records a reserve for estimated probable losses as part of rental revenue adjustments in order to report rental revenue atan expected collectable amount based on the total portfolio of operating lease receivables for which collectability has been deemedprobable. Receivables are considered past due when not collected by established due dates. Specific patient balances are written off aftercollection efforts have been followed and the account has been determined to be uncollectible. Revisions in reserve estimates arerecorded as an adjustment to revenue in the period of revision. Included in accounts receivable at March 31, 2025 are amounts due fro