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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue, net of contractual allowances and adjustments $ 2,446 $ 2,244 $ 4,973 $ 4,355
Adjustment for allowance for doubtful accounts (87) 100 (167) (187)
Net sales 2,359 2,344 4,806 4,168
Total cost of sales 1,586 1,593 3,330 2,949
Gross profit 773 751 1,476 1,219
OPERATING EXPENSES:        
Operating expenses 3,206 2,883 8,718 5,488
OPERATING LOSS (2,433) (2,132) (7,242) (4,269)
OTHER INCOME (EXPENSE):        
Interest income (expense), net (2) (1)   (8)
Warrant revaluation 297 (894) 519 (1,012)
Gain on settlement of liability   17 1 34
Gain on forgiveness of Paycheck Protection Program loan       794
Total other income (expense) 295 (878) 520 (192)
LOSS BEFORE INCOME TAXES (2,138) (3,010) (6,722) (4,461)
INCOME TAX EXPENSE 0 0 0 0
NET LOSS (2,138) (3,010) (6,722) (4,461)
Less: Net income attributable to noncontrolling interest in joint venture (6) (3) (12) (4)
NET LOSS ATTRIBUTABLE TO PRECIPIO, INC. COMMON STOCKHOLDERS $ (2,144) $ (3,013) $ (6,734) $ (4,465)
LOSS PER COMMON SHARE, BASIC $ (0.09) $ (0.14) $ (0.30) $ (0.23)
LOSS PER COMMON SHARE, DILUTED $ (0.09) $ (0.14) $ (0.30) $ (0.23)
WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDING, BASIC 22,708,708 21,041,162 22,708,648 19,461,528
WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDING, DILUTED 22,708,708 21,041,162 22,708,648 19,461,528
Service revenue, net [Member]        
Revenue, net of contractual allowances and adjustments $ 2,226 $ 2,038 $ 4,231 $ 3,982
Adjustment for allowance for doubtful accounts (87) 100 (167) (187)
Net sales 2,139 2,138 4,064 3,795
Total cost of sales 1,366 1,371 2,902 2,671
Other [Member]        
Revenue, net of contractual allowances and adjustments 220 206 742 373
Net sales 220 206 742 373
Total cost of sales $ 220 $ 222 $ 428 $ 278