XML 15 R2.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash $ 2,656,000 $ 848,000
Accounts receivable, net 874,000 574,000
Inventories 350,000 184,000
Other current assets 324,000 272,000
Total current assets 4,204,000 1,878,000
PROPERTY AND EQUIPMENT, NET 452,000 431,000
OTHER ASSETS:    
Operating lease right-of-use assets 335,000 519,000
Intangibles, net 15,667,000 16,658,000
Other assets 55,000 25,000
Total assets 20,713,000 19,511,000
CURRENT LIABILITIES:    
Current maturities of long-term debt, less debt issuance costs 648,000 321,000
Current maturities of convertible notes, less debt discounts and debt issuance costs   142,000
Current maturities of finance lease liabilities 48,000 52,000
Current maturities of operating lease liabilities 225,000 209,000
Accounts payable 1,693,000 1,936,000
Accrued expenses 2,036,000 1,639,000
Deferred revenue 6,000 35,000
Total current liabilities 4,656,000 4,334,000
LONG TERM LIABILITIES:    
Long-term debt, less current maturities and debt issuance costs 362,000 198,000
Finance lease liabilities, less current maturities 116,000 119,000
Operating lease liabilities, less current maturities 92,000 317,000
Common stock warrant liabilities 1,325,000 1,338,000
Total liabilities 6,551,000 6,306,000
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS' EQUITY:    
Preferred stock - $0.01 par value, 15,000,000 shares authorized at December 31, 2020 and December 31, 2019, 47 shares issued and outstanding at December 31, 2020 and December 31, 2019, liquidation preference of $243 at December 31, 2020
Common stock, $0.01 par value, 150,000,000 shares authorized at December 31, 2020 and December 31, 2019, 17,576,916 and 7,898,117 shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively 176,000 79,000
Additional paid-in capital 85,523,000 74,065,000
Accumulated deficit (71,564,000) (60,939,000)
Total Precipio, Inc. stockholders' equity 14,135,000 13,205,000
Noncontrolling interest in joint venture 27,000  
Total stockholders' equity 14,162,000 13,205,000
Total liabilities and stockholders' equity $ 20,713,000 $ 19,511,000