Revenue recognized in the Company’s financial statements is based on contracted beds that have been implemented and are active using the PainChek App. This is consistent with the accounting standard for revenue recognition. At 30th June 2019 there were 3,564 active licensed beds with an ARR of $234k.
Therefore MRR was $19.5K at 30 June 2019.
Ann: Appendix 4C - quarterly, page-12
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