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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash $ 5,144,000 $ 11,668,000
Accounts receivable, net 955,000 697,000
Inventories 663,000 564,000
Other current assets 656,000 549,000
Total current assets 7,418,000 13,478,000
PROPERTY AND EQUIPMENT, NET 885,000 836,000
OTHER ASSETS:    
Finance lease right-of-use assets, net 284,000 371,000
Operating lease right-of-use assets, net 811,000 858,000
Intangibles, net 14,005,000 14,717,000
Other assets 144,000 179,000
Total assets 23,547,000 30,439,000
CURRENT LIABILITIES:    
Current maturities of long-term debt, less debt issuance costs 367,000 26,000
Current maturities of finance lease liabilities 168,000 222,000
Current maturities of operating lease liabilities 194,000 166,000
Accounts payable 2,132,000 1,863,000
Accrued expenses 1,536,000 1,918,000
Deferred revenue 13,000 18,000
Total current liabilities 4,410,000 4,213,000
LONG TERM LIABILITIES:    
Long-term debt, less current maturities and debt issuance costs 141,000 160,000
Finance lease liabilities, less current maturities 89,000 159,000
Operating lease liabilities, less current maturities 625,000 697,000
Common stock warrant liabilities 28,000 606,000
Total liabilities 5,293,000 5,835,000
COMMITMENTS AND CONTINGENCIES (Note 5)
STOCKHOLDERS' EQUITY:    
Preferred stock - $0.01 par value, 15,000,000 shares authorized at September 30, 2022 and December 31, 2021, 47 shares issued and outstanding at September 30, 2022 and December 31, 2021, liquidation preference of $94 at September 30, 2022
Common stock, $0.01 par value, 150,000,000 shares authorized at September 30, 2022 and December 31, 2021, 22,820,260 and 22,708,442 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 228,000 227,000
Additional paid-in capital 107,975,000 104,431,000
Accumulated deficit (90,007,000) (80,094,000)
Total Precipio, Inc. stockholders' equity 18,196,000 24,564,000
Noncontrolling interest in joint venture 58,000 40,000
Total stockholders' equity 18,254,000 24,604,000
Total liabilities and stockholders' equity $ 23,547,000 $ 30,439,000